You will have to be FOMO and buy altcoins at very high prices if you miss this correction!
Altcoin investment sentiment has a historical correlation with Bitcoin price. According to QUBIC Labs and their Altcoin hype cycles report, altcoins could bottom in early June and enter their strongest bullish phase, lasting until 2025.
Sharing the same opinion as above, research company Nansen also expects that Altcoin is about to increase in price strongly, but the prerequisite is that Bitcoin needs to end the accumulation phase soon. Once FOMO for Bitcoin increases, money sharing through altcoins is inevitable.
Regarding the macro situation, M2 money supply turned positive for the first time compared to the previous year, signaling that investors may soon start looking for measures to hedge against inflation or invest in risky assets. ro. The M2 money supply is an estimate of all cash holdings and short-term bank deposits in the United States.
As the money supply in the world's largest economy increases, some of the new supply may find its way to altcoins and memecoins, contributing to the inception of the ALTCOIN SEASON.
