Is the Temporary Down Turn for Altcoins Over?

[Juxoz]

Last month I posted an entry talking about whether we had hit the highs in the recent "short term" bull run. I was very close to getting that high right.

Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

[jrrsparkles]

Last month I posted an entry talking about whether we had hit the highs in the recent "short term" bull run. I was very close to getting that high right.

Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

Drop in the price of bitcoin also affected the altcoin prices negatively that is why you see the downtrend, probably we can expect a real surge in bitcoin's price post halving when the altcoin market will also influenced and take hits.

As of now Memecoins especially on Solana is being the choice for short term profits so you can try if you wanted to make money now or just buy the established coins for long term.

[mindrust]

Depends on which alt you are talking about. The alt I favor (litecoin) by all means isn’t down 30%. Only down 10-12% from its local top. ($115 > ~$100) Other coins may have fallen a lot more because their price wasn’t real to begin with. It takes only a little selling pressure to send them to the ground. They lack liquidity and real demand. Maybe invest in better projects and well established alts like ltc, xmr and doge next time? These alts haven’t met their ATH again for a long time sadly but at least they won’t go to zero like the others.

[SmartGold01]

It's very hard to predicts what will happened this period we are about entering halving, if you look carefully most of those coin we think that lose isn't losing except for those coin you think haven't gain ATH for the first time, unlike BNB and Solana, ETH. These coin are very good altcoin to hold if you think you don't trust much altcoin or those newly listed coin since they have every possibility to drop beyond how you might think it, and again I still have this strong feeling that market would still drop more from the post I have came across to monitor how the halve behaves because whenever is close to halving we witnessed market down fall this might not be bear but a kind of sideways till next year January before we can enter into full bull run.

[DeathAngel]

Seems Bitcoin could have formed a bottom so a period of consolidation will likely happen now under after the halving. Altcoins will follow the direction of Bitcoin as usual. Patience is key, do not sell your bags, prosperity awaits the patient.

[electronicash]

you can't know for sure it's over. the market is still overbought yet there is something that is coming such as the halving which anyone who is analyzing the market can easily be bewildered as to what is happening.

this is the reason why i put half of my coins into usdt while some of the tokens i think are still not doing well in the market remain as is. i couldn't remove in my mind that it could plummet down.

[SUPERSAIAN]

It is very difficult to fully predict that the decline in altcoins is over. There is a halving ahead of us and we will see where bitcoin will go after the halving. If bitcoin charts its path comfortably, the fear in altcoins will be reversed. A temporary decline in altcoins can happen at any time, and sometimes it takes years to recover, or it may not recover at all.

[sunsilk]

No one can answer your question accurately. We can simply say that it might be done already or just brace yourself when there's still a possibility that it can go for some more downtrend.

As you're thinking of it will be down soon, I am guessing that you're trying to buy some more and that's what you should be prepared.

Then, when you see that the altcoins that you're looking at have been down for some more, then all you have to do is to buy them already before recovery happens before or even after the upcoming halving.

[deathcode]

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

market movements may experience a slight pump. but it wasn't a strong boost caused by Bitcoin's movement. it will only happen in a short time and on a small scale.
a period of market growth usually occurs after the halving is over. So don't be surprised if when the halving occurs nothing big happens in the market. but I believe we haven't hit rock bottom yet. we might be able to go down even deeper.

[nelson4lov]

~Snipped

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

I do not believe that there would be any mega dumps between now and the halving window which is 2 weeks away even for altcoins. Right now, everyone's bias is bullish and all perma bull traders won't want the bears to spoil their parties. So, yes; I think that altcoins are going to run from here or a mini run leading to another major run just like in October—December or even the January - February run.

I know some TA but I'm in no way a TA expert. But the BTC.d chart is looking really good for altcoins and I have gauged the sentiment so far from CT to some on chain analytics. We will see some altcoins run soon and it will no way be this rotation games that everyone has been playing — This week for AI, next week for RWA, upper week for memecoins. None of that.

[johnsaributua]

Still in a historic month, I think the decline in bitcoin is not so significant and more likely to stabilise. I agree that it will probably maintain its price between $58,000-57000. So far, bitcoin's performance has indeed had an impact on other coins including during its decline, although altcoins can also shoot up without a bitcoin rally as long as a coin has a lot of users. in a season like this if there is confirmation of the right position to shovel maybe a few %, because if anyone believes in halving.

Altoins today are plentiful, including game fi while waiting for good entries while having fun. Altcoins (shitcoin and meme coin) I am currently fond of nerwork base and solana, many variants and quite exciting for scalping. Many are already available on cex. this is a little friendly to my pocket and still gets maximum profit. But if there is a budget of more than 10 CMC ladders it is good for more comfortable trading progress.

[bluebit25]

The fall of bitcoin in the recent past indicates that the value of altcoins is also bound to decrease. This is common in the world of digital currencies. While it may not always be so, there are some indications that after the halving following the next one, this rise in bitcoin prices could spur on altcoins and let them do what they do best. On the other hand, a memecoin in the Solana chain can bring you quick profits, but it will be a risk. If you want a safer investment alternative over a long period of time then bitcoin may be your ultimate choice.

[Belarge]

The fall of bitcoin in the recent past indicates that the value of altcoins is also bound to decrease. This is common in the world of digital currencies. While it may not always be so, there are some indications that after the halving following the next one, this rise in bitcoin prices could spur on altcoins and let them do what they do best. On the other hand, a memecoin in the Solana chain can bring you quick profits, but it will be a risk. If you want a safer investment alternative over a long period of time then bitcoin may be your ultimate choice.

Do ensure you're eating good and laying down prominent structures to maintain balance. Our ultimate choice will only be selected based on our current form in the market. Altcoins will forever remain promising in the system and I'm standing on my ground, not relenting but focused more on the horrendous sectors that will generates huge profits for everyone. We're more interested in milking the system but forgets and overlooks the strategy to implement to maintain been at the top.

[Mrbluntzy]

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

I would not be so sure to say yes about this because since we are in a bull season anything can be possible, the alt coin market may seem so unpredictable now but it can surprise us all by having a pump any moment that the Bitcoin price hits another high price like $90k or $120k. If the price of Bitcoin remain in the current price range or even drop, the altcoins market may not see a sudden price pump and may even fallfall below the 30% depending on the market situation.

[Bureau]

30% down in not big in a volatile crypto market. Generally the crypto market goes into the red zone before halving due to multiple reasons. One of them is Bitcoin price correction which we are noticing now. I am expecting another big correction right before halving but currently the demand to buy Bitcoin ETF is responsible for the market going sideways. Overall price correction is always good for the market to go further up.

[AnonBitCoiner]

Drop in the price of bitcoin also affected the altcoin prices negatively that is why you see the downtrend, probably we can expect a real surge in bitcoin's price post halving when the altcoin market will also influenced and take hits.

As of now Memecoins especially on Solana is being the choice for short term profits so you can try if you wanted to make money now or just buy the established coins for long term.

This is true that if bitcoin goes down then every other coin also goes down because bitcoin effects the price of each coin so it is necessary to be noted that if bitcoin halving take place then not only bitcoin will pump but every altcoin will also surges.

We have to not only buy bitcoin but think about investment in certain potential altcoins so you can take huge profit during current Bull season and also during coming halving as we have to take benefit from the specific events like halving.

[God bless u]

I think we should wait a little more. As the market is still somehow captured by meme coins and people are getting out after their investments have given them good profits. Now after getting out they'll like to be interested in the altcoins so it's very near that altcoins will again come into game but in my opinion we should wait a little more.

I think when it reaches the mark of 40% drop then it'll be more good to invest. We can Invest now as well that's not a bad deal but it'll be more beneficial if we wait a little more.

[odunybiz]

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

market movements may experience a slight pump. but it wasn't a strong boost caused by Bitcoin's movement. it will only happen in a short time and on a small scale.
a period of market growth usually occurs after the halving is over. So don't be surprised if when the halving occurs nothing big happens in the market. but I believe we haven't hit rock bottom yet. we might be able to go down even deeper.

It's just too difficult to predict the lowest low of altcoin. Even though it is believe we may still see more low before the halving, it is still advice to buy gradually using DCA. Our expectations may be wrong sometimes, what if there isn't any dip anymore before the halving. To overcome FOMO, one can still buy as said earlier using DCA.

[poodle63]

30% down in not big in a volatile crypto market. Generally the crypto market goes into the red zone before halving due to multiple reasons. One of them is Bitcoin price correction which we are noticing now. I am expecting another big correction right before halving but currently the demand to buy Bitcoin ETF is responsible for the market going sideways. Overall price correction is always good for the market to go further up.

its also because the buy rumour and sell the news thing, basically whatever events comes to date, bitcoin not gonna have any meaningful increase to its price or instead it gonna tank because people are dumping their bags when the news are here, same thing with previous halving, but in reality, it only gives whales more and more bitcoin to keep before they are doing the massive pump.
sort of accumulation period for the whales if i say, it happens almost every halving though, when people are expecting there would be instant rally of price where it can get the current price to even greater heights but turn out nothing is happening but few weeks or months later after having some small steady increase with bitcoin the market suddenly grow with series of pumps followed by one big last rally.
which is kinda great if you think about it, the market don't just pump because there's halving but because bitcoin deserve for it to have pump.

[Yudhisthir]

There always are a little bit of rise and fall on price but most of the times, the whole of crypto market follows the trend taken by bitcoin. So, it's upto bitcoin price change that would decide the price of alts as well. The bitcoin halving is approaching and historically, there are no sharp rises a month prior and a few months post halving. It would take few more months of accumulation for bull to come. In short, we might need to wait 6 months more for the down turn of altcoins to end. When it does, the sharp would be huge. I guess we'll get to x2 of total crypto marketcap by next year this time.