© Reuters. Expert: Altcoins Can Make Market New Bottom in Next Few Months
- The crypto market is down by 4.80% in the last 24-hours, and some experts believe that the crypto market crash is coming.
- Crypto trader poster graph compared 2018/19 and 2022/23 performance.
- Some altcoins can contribute to creating a new bottom in the next few months.
The entire cryptocurrency market is down by 4.80% over the last day. Likewise, according to the news published by CoinQuora, some experts believe that the crypto market crash will happen in the coming months.
In addition, Ash WSB, a crypto trader, posted a graph on Twitter (NYSE:) of the total altcoins market for the year 2018/19 vs. 2022/23.
He noted,
Trend says we are following the same cycle in altcoins as . In this case, we can see a very slow market for the next 9 months. Take the exit from altcoins positions with every pump. Many altcoins can make a new bottom in the next 9-12 months.
To clarify, all other cryptocurrencies apart from Bitcoin are referred to as altcoins. Now, a huge number of great players in the market are showing keen interest in altcoins.
To name a few, here are some of the altcoins that can contribute to making a new bottom in the next few months.
1.
Cardano is third-generation crypto. Its features offer the best blends of first and second-generation cryptos, such as Bitcoin and . It uses Proof of Stake (PoS), enhancing its sustainability compared to other cryptosystems.
2.
Shiba Inu is another meme coin that is also one of the biggest competitors of . The community has also formed an NFT project around SHIB that has enabled it to gain more interest from investors.
3. Decentraland
Decentraland is the virtual reality game token built on the Ethereum blockchain. It has been described as a 3D virtual world where users buy land to create and monetize content, and buy goods and services.
4.
Solana fits up well with Ethereum in two critical areas for development, speed, and low transaction costs. It has enticed many crypto investors due to its revolutionary qualities.
5.
Terra (LUNA) carries a lot of advantages in the market. The network presents competitive programmable payments, logistics, and an infrastructure created to simplify dApp and stablecoin development.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.