Top altcoins are in trouble??
Top altcoins are in trouble??
Its a positive sign for crypto market that Btc surpassed $72k milestone but do you realize that top altcoins are in trouble? I agree those top altcoins were also pump but not that much what they had pumped as well as recorded ath in 2021 when btc price was around $67k something. Now what is happening?
Altcoin price in 2021 vs 2024 (now)
BnB $686 vs $520
Ada $3.09 vs $0.77
Doge $0.73 vs 0.17
Dot $55 vs $11
Link $52 vs $21
Matic $2.92 vs $1.22
And so on….
I don’t think Altcoin is a problem because it’s not yet time to be bullish, we know why bitcoin to ATH because there is such a big factor where there is ETF approval, several institutions have been involved in bitcoin so it is natural that the price increases sharply before halving.
While altcoins only rely on the hype narrative that is trending, altcoins are trying to altcoin season now but we can see slowly the price continues to strengthen, altcoin hype is ongoing and several new projects have received a lot of large funding because the community is quite enthusiastic in it.
But we can see some altcoins can touch the new ATH again.