Recently, most altcoins have seen significant declines, leading to growing skepticism among crypto investors about owning these assets.
However, the situation may not be as bleak as it seems. Some crypto experts dispute the prevailing negative sentiment and predict a potential recovery for altcoins in September.
Crypto analyst “Captain Fabik” recently shared on the X platform that the altcoin market is expected to recover after mid-September, although he expects mostly range trading in the weeks leading up to it.
What’s about #Altcoins sir??
Most altcoins are down 60-70% since the March high, and I know Altcoin holders are Panicking.
Markets will likely remain Sideways for the next couple of weeks, and then There’s hope that altcoins will bounce back after mid-September.
In Q4,… pic.twitter.com/qFwWKaUFDb
— Captain Faibik 🐺 (@CryptoFaibik) August 31, 2024
The expert also suggested that the market could reach the levels seen in March 2024 by the last quarter of this year.
Similarly, Michael van de Poop, another renowned crypto expert, discussed the possibility of a September rally in altcoins in a recent post on X.
He described the overall altcoin market as promising, noting the formation of higher lows on longer time frames. This pattern is often seen as a positive sign, indicating that the market may be stabilizing and frequent declines slowing.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.
Ethereum (ETH) has gone down by 2.4% in the past 24 hours and currently sits at $2,580 in what has been mostly a red week for the crypto market. Trading volumes have retreated by 5% during this same period, indicating that the selling spree is not that strong at the moment. However, crypto liquidations have […]
A China-based tech company is taking a bold step into the world of digital finance, despite the country’s strict stance on cryptocurrency.