Many investors rely on bullish breakouts from Bitcoin as a sign of the next altcoin season but data suggests this strategy is flawed.
4 월 14, 비트 코인 (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. 하나, ㅏ 27.5% correction followed over the next eleven days, 마킹 $47,000 local bottom.
The popular Crypto Fear and Greed Index reached its lowest level in 12 months on April 25, signaling that investors were closer to “extreme fear,” which was a complete reversal from the “extreme greed” level seen during the Bitcoin rally above $60,000.
This downward move from April 14 ...에 25 wiped out $200 billion from the altcoin market capitalization. 아직도, the recovery that followed could serve as a guide on what to expect when Bitcoin finally manages to exit the sub-$40,000 level.
Altcoins posted a similar trend, bottoming at $850 4 월에 10 억 22 but fully recovering to a record $1.34 trillion high on May 10. There is no guarantee that this pattern will repeat, but there is no better source of information than the recent market itself.
Cheaper is not always better
Many investors believe that altcoins consistently outperform when Bitcoin price takes off, but is that an absolute truth?
Although that has been the case in 2021, Bitcoin was the clear winner in the last quarter of 2020 as it surpassed the broader market by 110%. 하나, analyzing the winners from the late-April bull run could provide interesting insights on what to expect for the next rally.
Among the top-100 tokens, Ether Classic (기타), 다각형 (매틱), 파도, 그리고 팬텀 (FTM) were the clear winners. The winners were either scaling solutions or smart contract platforms, and the sector leader Ether (ETH) also outperformed the market.
80% of the worst performers were sub-$1 coins which is precisely the opposite of investors’ usual expectations. There’s a persistent myth that cheap, nominally-priced altcoins will excel during altcoin rallies, but that clearly was not the case.
Timing the market is impossible
운수 나쁘게, there is no way to predict when the current correction will be over, and altcoins historically do not usually excel during bear trends. This means calling ‘alt season’ at the first sign of Bitcoin’s price recovery is an inaccurate strategy that can lead to financial ruin.
A general rule of thumb for an ‘alt season’ kick-off is two or three consecutive days of 30% or higher accumulated gains on cryptocurrencies with little-to-no development, including Dogecoin (총독), 라이트 코인 (LTC), and Ether Classic (기타).
여기에 표현 된 견해와 의견은 전적으로 저자 그리고 반드시 Cointelegraph의 견해를 반영하지는 않습니다.. 모든 투자 및 거래에는 위험이 수반됩니다. 결정을 내릴 때 스스로 조사해야합니다.
Adblock 테스트 (왜?)
출처: 코인 텔레그래프