#Altcoin has entered the uptrend after many gloomy months? Or is there a scam waiting ahead!
If you pay attention, Altcoin has had a significant recovery in the past few days, especially the uptrend with many technology coins such as SUI, Sei, Saga ...
There is a coin that has X2-3 times from the bottom like #SUI #Saga. Then even the Layer 2 coins that everyone is chasing the most and have also decreased a lot in the past time like#Strk#ZK#Mantahave all recovered significantly. Then there are many other technology coins.
Basically, looking at the overview, you can see that Altcoin has decreased by 80-95% in value, i.e. divided by 5/7/10 in the past time and has just recovered an average of 40-50% from the bottom.
And many people are wondering whether this is the official uptrend for Altcoin or not?
Personally, I think that if I were an MM, I would push Altcoin from the present time, because it has enough favorable factors...
For example, the Fed's interest rate cut triggers FOMO, people's psychology is good, the election results in November and the Fed's second interest rate cut. And especially Binance and the recent Telegram deals have attracted a lot of new users into this market...
This is the key point. These new people see the green market, the trend starts to push them to FOMO and deposit money to allin... If we wait any longer, the new people will cool down, which will trigger their greed for longer.
