Buying altcoins should be postponed until better times. This opinion from 500 thousand subscribers shared blogger Crypto Rover, popular in the crypto community.
In his opinion, investors have several reasons to refuse to buy altcoins now. Among them, he identified three main ones:
According to the blogger’s observations, market participants’ interest in altcoins is restored after Bitcoin updated its absolute maximum value. Let us remind you that the last peak of BTC was recorded on November 10, 2021, near $69 thousand. An even earlier maximum of about $20 thousand was dated December 2017. After updating the price peak, the level of BTC dominance began to decline. The changes indicate a shift in investor interest from Bitcoin to altcoins.
Let us remind you that the BeInCrypto editors previously discussed what an altseason is and how to prepare for it.
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2023-09-24 16:16:00
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