For those who have not yet entered the market or are currently holding coins on the sidelines, now may be a rare opportunity to enter the market. Although the recent market crash may have caused panic among some people, this year's bull market still has great potential and is gradually approaching.
In this market correction, in addition to mainstream currencies such as Bitcoin, Ethereum, $BNB and $SOL , the prices of many altcoins have fallen by 50% or more from their highs in March, and some weak altcoins have fallen by 75% or more, showing extremely high cost performance. Usually, when the price of Bitcoin falls by about 30% from its peak, it is considered a good time to buy the bottom, and the market may test this level again in the near future.
If you choose to buy the mainstream currency at the bottom now, Ethereum may be a more stable choice than Bitcoin. Bitcoin is currently facing a large on-chain selling pressure, while Ethereum does not have much substantial selling pressure. In addition, it is expected that after the Ethereum ETF is listed in mid-July, it will attract additional capital inflows from Wall Street. While the size of these funds may not be particularly large, they provide additional buying support, which is much more favorable than those currencies that are facing capital outflows.
When considering bottom-fishing, you should consider market trends, the fundamentals of individual currencies, and your own risk tolerance. At the same time, you should also pay attention to market sentiment and macroeconomic factors, which may affect the price trend of cryptocurrencies. Remember, the market always has ups and downs, and successful investing requires patience and timing.