Now is not the time to invest in #Altcoins.
Here is why:
👇- The market volume is drying up, and VC's aren't investing in
altcoins.
- Retail investors are scarce and mostly out of funds. Few are even considering Bitcoin, much less
Altcoins.
- The focus is on a Spot Bitcoin ETF, with major developments centering around Bitcoin, not
Altcoins.
Interest in
Altcoins typically revives when Bitcoin exceeds its previous all-time high, which was $69,000.
This is logical: surpassing that high brings back retail FOMO, VC interest in
altcoins increases, and the market sentiment improves. Historically, Bitcoin's dominance grows until it breaks its previous peak.
The strategy is to invest in Bitcoin now and transition to
Altcoins at the right moment.