Altcoin Bloodbath or the Perfect Entry? Spotting Moonshots in the Market Wreckag

[Alpen]

Contrary to traders' hopes for a rapid start to a large-scale rally, the altcoin market is experiencing one of the most difficult periods in its history. The segment is suffering from a catastrophic lack of liquidity, a problem that has become particularly noticeable since the market turmoil on 10 October.

Since the start of the month, the total market capitalisation excluding Bitcoin and stablecoins has fallen by around 36%. If we remove the top 10 assets from the sample, the decline reaches a critical level of 46%.

Technical analysis confirms the scale of the disaster: on Binance, the largest exchange, the proportion of coins trading above their 200-day moving average has plummeted to an all-time low of just 3%.



This indicates a complete lack of interest from 'whales', but it also presents an opportunity to acquire Xs from the market. Let's look at the chart again. Each time the coin share indicator has fallen below 5%, it has resulted in a significant increase in altcoins.

The only problem is that not all digital currencies will soar. It is a bad idea to choose coins that are popular now, as they have not fallen yet. Should you chase memecoins? That's a good option, but I'm doing something different.
Last time altcoins depreciated significantly, in 2023, I invested in 'retail coins'. Cryptocurrencies that are actually used to pay for goods and services always increase in value when altcoins recover.

How can you identify the specific types of 'retail coins'? Pay attention to the list of instruments supported by payment crypto gateways.

Don't take platforms like B2BinPay into account, though, as they support 100 cryptocurrencies. Cryptomus and Coinbase Commerce are ideal for creating a portfolio of 10–20 in-demand altcoins.

[flashroyal57]

50% of all altcoins will depreciate. The only ones left will be major players backed by strong teams, like Aster.

[hugeblack]

I was reading the thread until I got to Cryptomus. Wouldn't it be better to create a promotional campaign? It doesn't cost much anymore, and less than 200 per week is enough to create a mini-campaign.

So stop spamming.

[Alpen]

50% of all altcoins will depreciate. The only ones left will be major players backed by strong teams, like Aster.

I think a different scenario is more likely. For example, 50% of the traders might disappear after blowing their deposits during the crypto winter.

[Alpen]

I was reading the thread until I got to Cryptomus. Wouldn't it be better to create a promotional campaign? It doesn't cost much anymore, and less than 200 per week is enough to create a mini-campaign.

So stop spamming.

Do you only read about crypto, or do you actually trade too?

[M47AK16]

Last time altcoins depreciated significantly, in 2023, I invested in 'retail coins'. Cryptocurrencies that are actually used to pay for goods and services always increase in value when altcoins recover.

May I know what were the coins that you invested in 2023. Because, I guess that this is very first time that I am hearing about something  'retail coins', not sure, what are the coins that you are referring by this. In last 5 to 6 years, I am sure that total altcoin never entered into any bullish trend overall. But, there were times where few altcoins like ETH or BNB into bullish rally but at the same time all other major coins like LTC or Grin were never entered into any bullish rally.

Dogecoin was in strong bullish rally only in 2021 in its entire life time. When total altcoin industry is suffering like this, I am not getting your point of investing with altcoins. Simply investing with bitcoin will get you to make profits for your hard earned capital.