Market corrections are like pit stops in a race—they're necessary to keep things balanced and healthy. Here's why they're good for crypto investors:
1. Realistic Prices: Corrections help make sure crypto prices stay reasonable. If they keep going up non-stop, they could get too high and risky.
2. Balancing Act: During a correction, people might sell some crypto to balance their investments, reducing the risk of big losses.
3. Calm After the Storm: Corrections weed out nervous investors who panic when prices drop, making the market stronger in the long run.
After a correction, there's often an "alt season," where non-Bitcoin cryptos (altcoins) can shine. The Altcoin Season Index (ASI) measures how likely this is to happen. ASI values above 75 indicate a strong likelihood of an alt season. Currently, the ASI stands at 47. So, while prices might be down now, an alt season could be just around the corner—a chance for new opportunities in the crypto world!
For those eyeing specific altcoins, being bullish on assets like $FTM , $ETH , $ADA , and $XRP could be promising during an alt season. These coins have unique features and strong communities supporting them, making them potential candidates for significant growth when altcoin season kicks in.
*Invested heavy in above mentioned coins