The faith of Altcoins in 2022

[velive08]

Contrary to speculations from various cryptocurrency analysts who have predicted that the altcoin market was going to witness the highest price boom in 2021 it seems the hype was overrated and the market went in the other direction opposite the speculations and many speculators are left with no choice than to flow with the current market conditions.
The altcoin market witnessed some new development and projects such as the web 3 NFTs and the discovery of the metaverse which are now the rave of the moment, this and many more are the happenings that characterize the altcoin market with its wave being transferred to this year 2022. I guess the altcoin faith is left hanging at the moment and a lot of analysis has gone ahead which all point to a more groundbreaking development ahead.

yes it's true, this is very much the opposite of what was predicted, but even if it moves in the opposite direction or in the direction that the crypto value is very low, this is an attempt to return to a fantastic price move, hopefully it will happen by the middle of the year or the end 2022 and there will be more innovative developments in the future.

[Fredomago]

Well it's been very often we see when the market has a positive trend there will always be news that overstates bitcoin, but conversely when it goes down, even bitcoin as if destroyed, only people who have intelligence in predictions can survive here.

I wouldn't call it faith like OP does, I would call it a normal state of the market in general, why? We all know in advance that when BTC is rising, the altcoins are the ones that do best, since some have a x2, x3, x10 depending on their development, community, listing on the Exchange, everything influences, if we review those things as the normal stages of the market as the accumulation and distribution (the most basic) in BTC will always be fulfilled, then while btc is under a correction or is in an eventual stage of accumulation or reaccumulation, the altcoins will be low in price and profitable to buy, only when it rises BTC is when the benefits of altcoins will be seen, the truth is that this is the logic of everything, at least of altcoins.

The chance of hitting good profits when holding alt coin assets, though the risk is too high as the market is really unpredictable if you caught in the sideways you'll going to lose a lot of your invested money, especially if you are holding assets that more on hypes and not with the offer technologies, the bounce back is too difficult if it's more on pump and dump while if you choose the right project that have real use case, the chance is still possible and you can still earn by holding in a much longer period.

[jostorres]

A lot depends on how useful is altcoins. Good altcoins that are useful for people will survive even in the fall of the market.
There are altcoins that offer cryptocurrency investment tools with crypto APP to work like S&P 500 like https://twitter.com/FiPiToken/status/1482266971731378177

Not many people are ready to wait till the rise of the market. Many people prefer to sell their crypto assets during the fall of the market not to lose all their assets.

It is necessary to wait in cryptocurrency market. That people that can not wait lose their money.
After the fall of the market will be a rise of the market and it is necessary to wait till the rise of the market.

Well you cannot forced all people that invest in crypto to do the same but each of us has their own preference. No matter how sweet the words your going to throw to them they will still do what they think will be safe for them. They are afraid to take risk so they choose to lose some instead than losing it all, at least they still have some money left that they can gamble on the next round but to some, they are just going with the flow. It is do or die for them.

The faith in altcoins are still there in 2022 even if we say that there are now new additions like nft, metaverse and web 3, etc because we can see that old altcoins are still going strong.

[lienfaye]

Well it's been very often we see when the market has a positive trend there will always be news that overstates bitcoin, but conversely when it goes down, even bitcoin as if destroyed, only people who have intelligence in predictions can survive here.

I wouldn't call it faith like OP does, I would call it a normal state of the market in general, why? We all know in advance that when BTC is rising, the altcoins are the ones that do best, since some have a x2, x3, x10 depending on their development, community, listing on the Exchange, everything influences, if we review those things as the normal stages of the market as the accumulation and distribution (the most basic) in BTC will always be fulfilled, then while btc is under a correction or is in an eventual stage of accumulation or reaccumulation, the altcoins will be low in price and profitable to buy, only when it rises BTC is when the benefits of altcoins will be seen, the truth is that this is the logic of everything, at least of altcoins.

Those investors who are already long investing in crypto are aware of this scenario for Bitcoin and altcoins. Its just that many of us dont understand how the market works and not aware of the history. Usually the movement of Bitcoin influence alts, thus if BTC is turning bullish alts do follow. So for this year if Bitcoin reach another all time high then its likely for alts (especially for the establish ones) to do the same.

Hence investors should not lose hope on investing in altcoins. As long as you're going to choose an alts that has a utility then there's a possibility to be a gainer once the market turns bullish again.

[rmhuntley]

What still faith of altcoin in 2022 with not predicting situation where whale come and gone so fast, some time bitcoin have reach higher price but without one night price suddenly faster dumping with bad news. I don't know how long faith with altcoin in 2022 if whales have god hands how to make price dump and pump just short time. Need take rest and looking what happen later and how long people still panic with whales bad news.

[Fredomago]

I still believe in altcoins even though currently altcoins are undergoing a deep correction but I believe altcoins will bounce back soon, I think people are currently hunting for NFT because NFT is trending and I'm sure after this trend subsides investors will return to altcoins and altcoins will go up again.

That is the most possible truth. Projects that have been trending nowadays are never bound to last long, at the end of the day only bitcoin and established altcoins will only survive in the crypto market. The faith for altcoins have never really ceases, its just that this is not yet the moment for altcoins. But when the market recovers, and becomes more stabilized, good altcoins will regain the trust of the investors as they are not lost totally.

Most of the time that happen, when Bitcoin start to pump back established alt project also receive decent support from traders and investors while some of the new projects also shine and rise but more are being forgotten and die eventually, you need to be careful in choosing which alt to support and invest your money.

It's difficult but doable to rinse the market and sort which coins to invest your money.

Better to spend your time doing your research as it will lessen the chances of losing your money.

[mia_houston]

I still believe in altcoins even though currently altcoins are undergoing a deep correction but I believe altcoins will bounce back soon, I think people are currently hunting for NFT because NFT is trending and I'm sure after this trend subsides investors will return to altcoins and altcoins will go up again.

That is the most possible truth. Projects that have been trending nowadays are never bound to last long, at the end of the day only bitcoin and established altcoins will only survive in the crypto market. The faith for altcoins have never really ceases, its just that this is not yet the moment for altcoins. But when the market recovers, and becomes more stabilized, good altcoins will regain the trust of the investors as they are not lost totally.

Most of the time that happen, when Bitcoin start to pump back established alt project also receive decent support from traders and investors while some of the new projects also shine and rise but more are being forgotten and die eventually, you need to be careful in choosing which alt to support and invest your money.

It's difficult but doable to rinse the market and sort which coins to invest your money.

Better to spend your time doing your research as it will lessen the chances of losing your money.

Investing in new altcoins has a big enough risk compared to investing in bitcoin or altcoins that are in the top 10 coinmarketcap lists, that's why we have to do detailed research on these altcoin projects before we start investing or buying them on the market, we can see how the NFT hype happened some time ago and even many new coins keep popping up, but only a few of these coins are able to survive in the market because they have clear project developments such as shiba, mana, pyr and also several other coins, while some other coins actually experienced significant price drops and even many of these coins have been abandoned by their developers.

[pgbit]

Cryptos now have a close correlation with the stock market – the inflation hedge story is no more with volatility as high as it is. And when the stock market tanks, the riskier assets are hit the hardest, and crypto is the riskiest asset class of all. High reward, high risk. And the further away on the alt
coin/shitcoin spectrum, the riskier. The stock of a company with earnings and profit will never go to zero, but a coin with no utility and no future may well do.

[MarjorieZimmermanGinger]

I still have the belief that investing in altcoins doesn't always end badly, in fact I always prefer to invest in new altcoins because we can get big profits if we don't choose which altcoin has the potential and good network performance.

Not all altcoins are bad, if we can identify altcoins that have good movements in the market, altcoins do not require such a large capital for us to invest, so don't assume that all altcoins are bad, personally I have benefited from the results of investing in altcoins, even much greater if bought in large quantities of these altcoins, this benefit that people are less observant of seeing, thus making altcoins bad, when in fact not all altcoins are bad.

[crypto1010]

In my honest opinion, there are only a few industries that will make it through. Web 3, NFT and metaverses are I think would be really hot in these coming few years. But also, launchpads such as DAO Maker will be important as well, as they would help people like us to research and it'll save us time in finding the right project to invest in. Orion Protocol is just one of the great projects they launched that gives 155x ROI to its investors.

[QueenVera]

Although the market has not yet recovered but I am optimistic that 2022 can be better than 2021, this is what makes me not panic and continue to buy a lot of coins because the bull run is coming soon,

The bull is coming back but not as soon as we are expecting. The market will crash then start recovering, those who will profit are those with fiats to buy as the market crashes. I do not think 2022 can be better than 2021 that is unlikely to happen. Last time 2018 was not better than 2017 so why do we think this time will be any different.
The halve was 2016/2020 then 2017/2021 we saw a bullish market which then a bearish market followed and that is the stage we are currently at.

[letyouearn]

Now we see an interesting situation where old strong altcoins don't grow at all and they are forgotten by the crowd. People are using NFTs, metaverse and PlayToEarn coins and of course DeFi tokens. But nobody cares much about EOS, TRX, LTC, DASH etc...

[yohananaomi]

Now we see an interesting situation where old strong altcoins don't grow at all and they are forgotten by the crowd. People are using NFTs, metaverse and PlayToEarn coins and of course DeFi tokens. But nobody cares much about EOS, TRX, LTC, DASH etc...

it seems that there will always be changes with the new ones being very thick, especially the new ones of course with very good potential and now it is clear that there has been a lot of growth going on. it's just a matter of waiting whether it will continue to grow in the future or will it just enliven the situation where the market is not improving, only time will tell.

[Pejoh Asu]

Even though the market is still red since november but i'm optimistic that 2 or 3 more months will recover, this is what makes me always optimistic and not panicking about market conditions, even if the BNB price is below $100 i'm still optimistic and will buy more to hold in the long term.

[bhadz]

Even though the market is still red since november

We have to embrace the current market and don't dwell too much in the past because if you do, you really are not going to move on with the market. Because there are people that if they are basing it from the few months away back from now, they'll have hard time thinking if it's time for them to invest or it will lose them enthusiasm about the market situation.

but i'm optimistic that 2 or 3 more months will recover, this is what makes me always optimistic and not panicking about market conditions, even if the BNB price is below $100 i'm still optimistic and will buy more to hold in the long term.

Just keep the optimism because as an investor, we're open on accepting the situation of the market.

[kojektea]

This is only my estimate, because some high-end traders or those with large capital can manipulate prices, because I believe in the last year there are very many new people who enter the business and investment world here. Making bitcoin soar is the way they buy at the price they should be selling. Overestimating is their way of attracting people who are new to the business world.

[cornhodlr]

Eventually all altcoins will just fizzle out leaving just bitcoin or a few coins who can afford to pay developers and listing fees and even those altcoins will feel pressure when new regulations are forced on their development teams like having to take responsibility for work done on coins or facing legal action if altcoins are outlawed or heavily regulated.Central banks don't like competition now they are getting into the digital coin space.Nobody here wants central bank controlled digital currencies that can be programmed to allow governments dictate how you spend your money or be able to steal money from your wallet using corrupt laws but they will play dirty and use all the "cryptos not regulated are used by them terrorists" angle to attack.

[imamusma]

Even though the market is still red since november but i'm optimistic that 2 or 3 more months will recover, this is what makes me always optimistic and not panicking about market conditions, even if the BNB price is below $100 i'm still optimistic and will buy more to hold in the long term.

It looks like the price of BNB will also not be below $100 this year because in general BNB is still able to hold on to a good price and is also still able to increase again when the market has really improved again because now not only BNB is experiencing a decline, but almost all good coins also experience the same.

[evichi]

Though Altcoins price did not perform last year as anticipated by various cryptocurrency analysts, I am expectant that Altcoins growth in 2022 will be better. Some of the memorable things about Altcoins last year were: NFTs, Metaverse, many new coins/tokens in the market, DeFi products, etc. Altcoins hold the opportunity of innovative features in cryptocurrency. With many Altcoins springig on daily bases - there are opportunities  on Altcoins as people offer numerous opportunities for people to be innovative. I have faith that reputable Altions will have better growth this year, 2022.

[Webetcoins]

In 2021 when the bull market is indeed a cryptocurrency made as more, it seems to provoke to where bitcoin occurs. But when the market has started to saturate (entering the end of the year) then there is no more news that creates hype this year. I even wondered if we should wait another 3 years to see the market become a positive trend like waiting from 2017 back then.

Bull market has an impact to the crypto adoption but in 2021 there are other happening too that occur. Do not forget the hype on meme coin and I think its also the year where tesla announced that they will accept bitcoin and many more. That events drive people crazy and wanting to try cryptocurrencies and although there are no events that happens after that, we still have a bear run.

I know this can scare people to sell and leave but I think there are still people that get attracted to invest because prices are cheap. No knows maybe history repeats itself and then we will wait 3 years again to see a major improvement from the market but that will be a big problem because not all are patient enough to wait that long.