Bitcoin price is expected to tremble down at the largest to end the monthly trade and hence the speculations for a bearish market are hovering within the space. It is also believed that the crypto market crash is imminent in the upcoming months. Where the BTC price may shell down heavily that may drag the altcoins to the lower levels. And hence this may be a better chance to accumulate as they are primed to go 10x very soon.
Currently, most of the Altcoins along with the star crypto Bitcoin is down from their highs by more than 70% and in some cases 80% to 90% too. Therfore, it is better to get into the deal rather than accumulate the fear of plunging towards the lower support. As most of the altcoins are primed for an insane rally of more than 5x to 10x in the next 6 months.
The popular analyst and a Youtuber also suggest just accumulating the altcoins at a discounted price. As it is speculated that the current consolidation phase is all set to end soon, a significant upswing may be imminent and approaching very fast. However, multiple crypto assets are scheduled to be launched in the upcoming weeks which may fuel the AltSeason 2022.
The projects may include the Ethereum Merger, Cardano Vasil Hard Fork, Polkadot Parachains, and Polygon’s upgrades within DeFi and NFT space. And moreover, Terra becoming stronger each day with huge collaborations, Avalanche on its path towards supremacy, etc and many more. And hence the analyst also believes it is a pretty bullish sign for the entire crypto space.
The market has left no stones unturned to surprise with a huge, unexpected move. Despite the Bitcoin(BTC) prices being pretty uncertain and drained at the moment, it may not take much time to relaunch a strong bull run. On the other hand, the altcoins could also follow strongly which could ignite an insane AltSeason at the earliest.