Q3 2024 is the most suitable time for DCA Altcoin! These 3 reasons will not make you regret:
1. Bitcoin's movements are similar to the summer of 2021 with signs such as: Altcoins plummeting in price while BTC only slightly adjusted, S&P 500 setting an ATH level, Crypto market showing signs of lagging behind the stock market US stocks and investor sentiment became negative.
2. SEC approves Spot Ethereum ETF, which causes Ethereum to lead Altcoins to increase in price in the near future. The amount of ETH on centralized exchanges (CEX) is at an all-time low. This reflects the long-term holding trend of investors & their belief in the upside potential of ETH.
3. US presidential election event. Historically, the US Presidential election cycle tends to correlate with the bullish performance of the S&P 500 and Bitcoin. This could absolutely happen again this year when the two leading candidates, former President Donald Trump and current President Joe Biden, both expressed a positive stance towards crypto.
