What do you think about altcoin market

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Z390:
Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

MarcoReus11:
Quote from: Z390 on June 23, 2022, 05:56:13 AM

Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

Brother the first thing you have to know that nobody can confirmly predict the Bitcoin next move in current market the Bitcoin situation is just like the avalanche falling from a mountain so NoOne know that where it will stuck and confirm their support.
While the altcoins is directly proportional to Bitcoin
So if Bitcoin confirm their strong support then it will bullish his price & that will be the zone which we can say that it's the bottom of altcoins.
Quote from: Z390 on June 23, 2022, 05:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not?

Yeh polkadot is quite good at 7$ price but may be it can go down if market crash but be patient because it almost hit 50$ in past so if you hold it
It will be Worthy more than you expectation in future

wxa7115:
Quote from: Z390 on June 23, 2022, 05:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

As you probably know the altcoin market depends a lot on the movements of bitcoin and right now there is not too much strength for the price of bitcoin to go up, so while DOT at 7 or 8 dollars may seem like a good opportunity it is better to take your time and avoid making too many moves at this time.

The bear market has the potential to keep going at least for another year, so there is no need to rush and buy DOT when you could even buy it for a cheaper price during the next months, so take your time and only once we are closer to the bitcoin halving then you can make your move.

cute nmp:
This is not a great time to buy looking at the current market situation.But still it is a great time to buy some altcoins at a lower price before the bull market comes back.One can make huge profits investing in altcoins now but always invest only what you can afford to loose cause nobody can tell what will happen next.

cabron:
It probably will still dip below its currency price since there is no substantial update in the market or any development that will trigger price movement. Its close to its bottom but it hasn't been there yet.

Its only BTC that got to its bottom or at least that's what some speculators are saying. And because BTC spiked up to $21K after a sharp $17k, the altcoins market also go up. $7 is not bad for a price entry if you are willing to invest in long term.

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