- An analyst opined that market participants should DCA into altcoins long before the Bitcoin halving.
- Bitcoin and Ethereum’s dominance remains flat, indicating a possible season for altcoins to thrive.
- Using the CMF, the LINK/USD chart showed that accumulation has begun.
In the crypto market, timing plays a crucial role in determining investment outcomes and asset performance. For many cycles, the time factor has been instrumental in determining altcoins’ growth while identifying the season to accumulate these assets.
With recent shifts in the cryptocurrency landscape and the ongoing volatility of major players like Bitcoin (BTC) and Ethereum (ETH), investors are naturally curious about whether the current juncture presents an opportunity to amass a portfolio of altcoins.
Interestingly, crypto analyst Michaël van de Poppe weighed in on the matter while referring to the price performance of several altcoins. According to Poppe, a number of altcoins have lost between 90 to 99% of their value since they fell from their All-Time High (ATH).
However, Poppe, who is also the founder of MN Trading, opined that the drawdown is not the only factor to determine if buying altcoins right now is a great decision. Instead, he focused on the fundamentals, historical performance, and market sentiment.
The right time to buy #Altcoins might be now, or isn't it? If you think about the previous cycle, you've seen altcoins running to a 10x, 100x, 200x or even more. Most of them have been losing 90-99% of the valuation. Does that market come back or is it over?