They expressed their dissatisfaction with the closes below $90,000. However, analysts have turned their attention to altcoins and say they see significant earning opportunities in some smaller projects.$BTC
Analyst Moustache emphasized the potential of ZIG Coin, saying that this altcoin could reach its previous all-time high (ATH). Moustache warned that the real rise of the cryptocurrency market has not yet begun and that investors should be cautious. He also cited Google trend data, stating that the masses have not yet invested in cryptocurrencies and the market has not reached a saturation point. This shows that the price of ZIG Coin has the potential to rise even higher in the future.
Mustache stated that there has been a 50% increase in ZIG Coin so far and that the altcoin is close to breaking the ATH level. This is considered a signal that his interest in ZIG Coin will increase.
Another analyst, Phoenix, examined the STX and IO Coin projects. He stated that STX is a project that provides interaction with other networks in order to strengthen the Bitcoin ecosystem. STX, which draws attention especially with its layer-2 solutions, is seen as having promising growth potential this year. The positive view of this project by large investors such as Grayscale creates optimistic expectations about the future of STX.
Referring to IO Coin, Phoenix believes that it is possible for this asset to make a new move from its current levels and reach $2.8. This situation is considered a new buying opportunity for investors.
All these altcoin analyses reveal that altcoin markets are also taking shape in parallel with the fluctuations in Bitcoin prices. It can be said that the fluctuations experienced by Bitcoin, especially due to the interest rate decisions of the Federal Reserve (FED), continue to affect altcoin markets. This may cause investors to diversify their portfolios and focus on different projects.