ATH in ALTS, its possible YET?
ATH in ALTS, its possible YET?
We always see the alts ATH with BTC ATH, walking together.
This cycle is being really strange.
My question is if we can expect a new ATH in ETH soon. Because i’m losing my confidence in this.
I’m a big fan of ethereum in fact, but im scared about the value.
AND IF BTC HAS JUST HIT THE MAXIMUM VALUE IN THIS CYCLE AND WE ARE WAITING FOR MORE??
We still need another 1-2x at least for most alts to return to pre trump period. That ATH will see a lot resistance as most people just want their money back and get out
Alts are the riskiest financial products in the history of finance. You need a risk-on market, rate lowering cycle and BTC to pump huuge and then go sideways and hold price. Then you’ll see some BTC profits pouring into the majors and depending on how long the market holds smaller and smaller market cap coins may get liquidity pumps over time. But the entire market conditions need to be conducive. Without the proper environment, the risk will prevent people from risking their profits taken from the BTC move. Its BTC profits that pump the alts in alt season.