February 1, 2023

Ethereum Reader

The beginning of a great day begins a night before.

Altcoins 2022: Is It the Best Time To Accumulate Altcoins?

<img width="300" height="169" src="https://ethereumreader.com/wp-content/uploads/2022/04/altcoins-2022-is-it-the-best-time-to-accumulate-altcoins.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Is-it-the-Best-time-to-Accumulate-Altcoins" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://ethereumreader.com/wp-content/uploads/2022/04/altcoins-2022-is-it-the-best-time-to-accumulate-altcoins.jpg 300w, https://coinquora.com/wp-content/uploads/2022/04/Is-it-the-Best-time-to-Accumulate-Altcoins.jpg 730w" sizes="(max-width: 300px) 100vw, 300px" />Bitcoin price is down and there are some rumors that the crypto market is expected to crash in the upcoming ...<p class="d-none"><a class="btn btn-primary btn-sm understrap-read-more-link" href="https://coinquora.com/altcoins-2022-is-it-the-best-time-to-accumulate-altcoins/">Read More...</a></p>

Is-it-the-Best-time-to-Accumulate-Altcoins

  • Bitcoin price is down and there are some rumors that the crypto market is expected to crash in the upcoming months.
  • Most of the altcoins are following the Bitcoin drop.
  • Famous Analysts and YouTubers suggest accumulating altcoins at a discounted price.

The bearish market is hovering within the crypto market space. As a result, Bitcoin’s price is expected to tumble down to end the monthly trade. It is also believed that the crypto market crash is expected in the upcoming months.

Moreover, the BTC price fell heavily, dragging altcoins to lower levels. Hence, this may be a better chance to buy as they are primed to go 10x very soon.

At the time of writing, most of the altcoins are down following Bitcoin‘s drop by 70% (in some cases 80% to 90%) from their ATH. Therefore, it is a better time to get into the deal towards the lower support.

Meanwhile, two popular analysts and YouTubers, Crypto Rover and That Martini Guy ₿, suggest just accumulating the altcoins at a discounted price.

As it is speculated that the current consolidation phase is all set to end soon, a significant upswing may be approaching very fast. However, multiple crypto assets are set to be launched in the upcoming weeks which may fuel the ‘AltSeason’ 2022.

Few projects may include the Ethereum Merger Cardano Vasil Hard Fork, Polkadot Parachains, and Polygon’s upgrades within DeFi and NFT space. Moreover, Terra has huge collaborations to strengthen itself each day. Avalanche is on its path towards supremacy and many more. Thus, the analyst believes it’s a pretty bullish sign for the entire crypto space.

Furthermore, the market has left no stones unturned to surprise with a huge, unexpected move. At the moment, the BTC prices are pretty uncertain and drained, it may not take much time to relaunch a strong bull run. On the other hand, the altcoins could also follow strongly, it can ignite an insane AltSeason at the earliest.

Source: coinquora.com