Is Alts Market already bottomed out?

[jajorforce]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

I think we could earn huge profits next year from top altcoins. This is only possible from new altcoins. Huge profits we shouldn't expect from all new altcoins. We know that most of them are scams. Still I think altcoins price is so much below than ICO price even also some top altcoins.

[bitkanu]

In this present situation that BTC is aiming to have ATH, nobody can say that any alternative coins is bottomed out, it can get lower and lower and even have All Time Low. The only thing we have to do now is to trade with extreme caution.

Dude, if you are watching the whole chart of altcoins and you will know that if altcoins and all of crypto coins have been going out from its bottom.
You must also see when crypto was getting the bottom and it should be around Q1 of this year. hence crypto is going to the moon again and that means if crypto should have gone out from its bottom position.
Just try to understand the current position of crypto.

[ololajulo]

It is difficult to call bottom for alt market. Defi led the baby bull in the alt market and majority had lost a huge size of their price in the past few weeks. However, ethereum still retain a good close distance from the year price height, which is a good stats for a coin that leads the altseason. Most of the coin in the top coinmarketcap that are over 3 years are still quiet with price movement this year, the price movement had been controlled in USD value and I see better development in few weeks

[tarable]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

You have to know what the sudden increase in the price of BTC was because of what the effect was, because if we look at the effect on some Altcoins there are, including Altcoins that you say, but very few, because others will also follow the trend of BTC such as ETH, XRP, TRX , LTC and others.

There is no connection here. Bitcoin ups and downs are simply seen better as the cryptocurrency (one BTC) is very expensive. I guess, when all this fuss around the USA election comes down, alts (the best ones) will be more positive.

There is no relationship, but the influence of the ups and downs of BTC prices in the market remains with Altcoins, although not so much, despite the commotion surrounding the US election, we must also look at things that have happened in the market in the past, despite the commotion happening in the US could also be a trigger.

[kaseygriffin]

It is difficult to call bottom for alt market. Defi led the baby bull in the alt market and majority had lost a huge size of their price in the past few weeks. However, ethereum still retain a good close distance from the year price height, which is a good stats for a coin that leads the altseason. Most of the coin in the top coinmarketcap that are over 3 years are still quiet with price movement this year, the price movement had been controlled in USD value and I see better development in few weeks

We are all waiting for a new bull cycle, many predictions have been made and said the market will be strong this year, but I see the impact of the epidemic having a strong impact on crypto. But seeing the change recently, I see that we are about to see this market boom. As for ETH, it is still the top choice for many people to hold, I also think that with ETH there will be a lot of fun in the near future when ETH 2.0 launches.

[Pamadar]

It is difficult to call bottom for alt market. Defi led the baby bull in the alt market and majority had lost a huge size of their price in the past few weeks. However, ethereum still retain a good close distance from the year price height, which is a good stats for a coin that leads the altseason. Most of the coin in the top coinmarketcap that are over 3 years are still quiet with price movement this year, the price movement had been controlled in USD value and I see better development in few weeks

We are all waiting for a new bull cycle, many predictions have been made and said the market will be strong this year, but I see the impact of the epidemic having a strong impact on crypto. But seeing the change recently, I see that we are about to see this market boom. As for ETH, it is still the top choice for many people to hold, I also think that with ETH there will be a lot of fun in the near future when ETH 2.0 launches.

No doubt that the current pandemic affects the whole market not only crypto but all other venues of investment.

Though we already seeing good market movement and little by little alts are also getting good run, in regards to ETH as expected being next to bitcoin, traders and investors are investing since there's already solid foundation and with this incoming ETH 2.0 the hope of getting much higher value gives some shed to investors who are aiming for long term investment.

[shoreno]

It is difficult to call bottom for alt market. Defi led the baby bull in the alt market and majority had lost a huge size of their price in the past few weeks. However, ethereum still retain a good close distance from the year price height, which is a good stats for a coin that leads the altseason.

altcoins are more lighter than btc and the alts bottom can also be lighter . almost 90 percent of alts are dumping and i think we can consider that as thier bottom  . i dont see defi impacted the altcoins but defi can have an impact only to defi coins . alts are dumping but im not sure if that dump is caused by defi  .

 eth on the other hand is the only one that excel and if this is the only key to trigger alts and tokens season then its not bad to sacrifice a little value of other coins . maybe the anticipated eth/alt season will happen once eth absorb more value from the other coins and when the moment it reaches over 500 usd

[Paycoinzzz]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

Top coin is still one of the best choices at the moment. Since sharks as well as financial institutions are only targeting Bitcoin, they are constantly pushing the price of Bitcoin to imbalance the market.
But I think after the investment fever was over, then the market started to balance again and the top coins went up again. That list of altcoins will be Ethereum, Link, Tezos, BNB, ... so it's a good time to buy Altcoins and wait for it to come back to ATH

[robattfield]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

Top coin is still one of the best choices at the moment. Since sharks as well as financial institutions are only targeting Bitcoin, they are constantly pushing the price of Bitcoin to imbalance the market.
But I think after the investment fever was over, then the market started to balance again and the top coins went up again. That list of altcoins will be Ethereum, Link, Tezos, BNB, ... so it's a good time to buy Altcoins and wait for it to come back to ATH

I don't agree with you on this point, obviously this market is focusing the most attention on BTC, the volatility of BTC will definitely affect the altcoins, but the problem I think the market will not develop. For all cryptocurrencies, I see as people are slowly accepting BTC, large corporations have a lot of fun signals related to the market when they join and that's when it causes BTC to up first, and the money from altcoin will be converted to BTC.

[bubbalex]

Crypto currencies will never reach the bottom, once you decide that the bottom is reached and you need to buy an asset, because it is at record low positions so immediately this asset falls even more times, updating its fall records. This market is as unpredictable and highly volatile as possible, so never risk the entire investment portfolio, distribute the risks.

[kevinzxz]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

not only Link and XTZ my friend but most of good and solid altcoins project growing now,
hope this positive trend on crypto price will continues and we will see another high in price in the next few weeks from now

yes you are right and now is the right time to invest in cryptocurrency and don't be too late to invest in cryptocurrency, so that you will lose your opportunity to get profit, but my advice is that you better invest in coin that are in the top 100 coinmarketcap, because the risk is smaller and of course the price will definitely increase, so you will get profit in the future.

[Kopetunto]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

that really depends what you consider bottom but yes recent pump did effect altcoin market in somewhat negative way if you think. I think next month or from from mid november we'll see some gains in altcoin market.

if Bitcoin is sideways it is likely that the altcoin will go up,
but if Bitcoin fails to hold on to support we know what will happen, the Dump will continue,
I suggest we don't make decisions too quickly.

[puremage111]

Can't really confirm if market is bottomed out as a daily retracement chart is needed
We can check this when Bitcoin retrace

If the alts is able to hold in it's recent swing low price and bounce back
Market for Alts are likely to bottomed