Time for altseason? Which way is the altcoin market going?
Crypto markets are notorious for volatility and we have seen that volatility in the altcoin market over the past two weeks. We saw a bit of an alt season in the market especially last March when the price of Bitcoin reached its all-time high. After that we saw the price of points fluctuate but the price of altcoins has been on a downward trend for the past two weeks. However, the recent drawdown among altcoins may indicate a relative momentum bottom. And if history repeats itself we may soon see a coordinated take-off. #BinanceTurns7 #Menuju7TahunBinance
Investors should be aware of the coins listed in the crypto market every day!
Ever since the creation of Bitcoin, new coins have been entering the market. If we look at the various exchange sites, we will see that many coins are being added to the exchange sites constantly. And this kind of constant inclusion of coins has become very worrying for the investors and it has also made many investors think. It is not bad that these online based digital coins are included in the market but the problem is that there are many questions about their longevity. Just as we constantly see many coins getting listed in the market, we also constantly see many coins exiting the market. When new crypto coins are constantly listed in the market, it becomes difficult for investors to decide which coin to invest in. #Menuju7TahunBinance
One of the primary benefits of cryptocurrencies is its capacity to enable quick, secure, and low-cost transactions. Transactions can be completed directly between two parties, eliminating the need for a third party, such as a bank. This can lead to lower transaction fees and faster processing times.
Another advantage of cryptocurrencies is anonymity. Cryptocurrency transactions are recorded on the blockchain, but the identities of the parties involved are unknown. This may be appealing to folks who respect privacy and prefer to keep their financial actions private.
Most cryptocurrencies' supply is regulated and controlled by the network, making them resistant to inflation. This may make it an appealing investment option for people who want to protect their capital from the effect of Inflation
Bitcoin has yet to see a 30% draw-down since the lows of 2022 This is pretty surprising...
BItcoin hasn't seen a single 30% drawdown since we made those lows during this cycle. Right now we are in the midst of a 22% drop, does that mean it needs to go lower?