The price of Bitcoin is hovering around $97,000. People in the market have been waiting for a long time for the Alt season to arrive, but they are not showing up. In fact, when Bitcoin reached $100,000 for the first time, Ethereum was around $4000. Aptos, Sui etc coins were at their high, but as Bitcoin reached around $110,000, Alt saw a slight increase, but as Bitcoin went below $100,000 all the Alt coins crashed from 30% to 60%. The situation of meme coins is the worst.
Most people have holdings in Alt Coins. Bitcoin holdings are very low for people. Whereas the least Bitcoin portfolio should have 20%. When there is demand for only one coin in the market, Alt coins crash. At this time there is demand for Bitcoin in the market, that is why Alt coins are crashing. There may be a bigger crash. Big whales will buy it. To buy Alt coins, negativity will be created inside the market, this panic will be created and people will sell their Alt coins. When people sell, whales will enter which will change the market sentiment. Earlier it was believed that with Trump coming to power, Alt coins will increase, but this did not happen. Bitcoin has set a new all time high.
Did Trump and Melania Coin play a Game?
Coinmarketcap Official Website:https://coinmarketcap.com/
Donald Trump’s coin Trump and Trump’s wife Melania’s coin Melania, both these coins have ruined the liquidity of the market. It is important for new traders to come to bring back this liquidity.
When is Alt Season?
Alt season comes when Bitcoin’s Dominance comes down, it does not mean that Bitcoin’s price comes down. Dominance means that people withdraw funds from Bitcoin and invest it in Alt coins. Why does this happen? Big players feel that Bitcoin has become too much, now there might be risk in going higher, it would be better to invest funds where they get higher returns. Then people invest in Alt coins. Bitcoin’s Dominance is hovering around 61, if it goes lower than 57 then Alt season can come.
1.Polygon(Matic)
When its name kept going very high from Matic, it went above $1. When the name was changed to Polygon, the price fell down. It made its bottom around $0.28 and from there it rallied to around 170℅. Now it has hit the bottom and is moving around $0.30, it has been here since its previous low. I have put a wick on 2 February 2025. This is a better time to invest. A bullish wave definitely comes after a bearish trend in the market. The market never falls to lows. It will come up sometime or the other, right now everything is at its bottom. This is a better zone to invest, when the bullish wave starts from here, it will give a good profit.
The first target can be around $0.47, after that around $0.58 can be obtained, around 100% profit can be made. If the Alt season comes the long term target can be $1.3.
2.Not Coin
Not coin is a meme coin. The trend of meme coins will come back. It is at its bottom. Its price is running around $0.00294. We can also get a rally for this in the coming time. It can give us 200℅ to 300℅ profit.
Bitcoin’s dominance is at the top. If it takes a correction, if it goes below 57, we can get a chance to see the Alt season. Markets will go up sometime or the other because if the market goes down, it will go up too. Coins are at the bottom, this is a better opportunity to invest. You will definitely get benefits in the future, have some patience. Do your research.
Disclaimer
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