2024

<ul class="news-points">
 <li>Altcoin market sees regular 20-30% dips. </li>
 <li>Historical trends show quick price recoveries.</li>
 <li>Dips viewed as discount buying opportunities, but research is crucial</li>
</ul>
The altcoin market cap, which reflects the total value of all cryptocurrencies excluding Bitcoin, often experiences frequent corrections throughout a market cycle. A leading crypto analyst notes that these corrections typically range from 20% to 30% before the market reaches its peak.
These dips present opportunities for savvy investors to accumulate altcoins at lower prices.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> In each market cycle, the altcoin market cap experiences several corrections of 20-30% before reaching its peak. During the last cycle, there were four such corrections. Each time, the price recovered quickly, followed by a strong upward move before topping out. So… <a href="https://t.co/9YOPDMCzBD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9YOPDMCzBD</a>— Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1815301699398942929?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
In the X (formerly Twitter) post, the analyst cites the example of the last market cycle, which saw four distinct corrections of this size. Each time, the price rebounded quickly, leading to a significant upward surge and ultimately reaching its peak.
This cyclical trend appears …
The post <a href="https://coinedition.com/altcoin-market-correction-crypto-experts-weigh-in-on-buying-the-dip/" rel="noopener noreferrer nofollow">Altcoin Market Correction: Crypto Experts Weigh In on Buying the Dip</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Altcoin Market Correction: Crypto Experts Weigh In on Buying the Dip

Coin Edition

Other articles published on Jul 22, 2024

Scammer Returns $9.3M in DAI, but MoonBag’s Security Is What You Need!

BNB Foundation Burns $971 Million in Tokens, Price Holds Steady

BCH Price Prediction: Bitcoin Cash Eyes 28% Explosive Move

Cryptocurrency Trends Shape Global Investments

Crypto investors splurge $3.2b in 3 weeks

Devilfish NFT Revolutionizes Poker with Innovative NFT Integration

Join our free newsletter for daily crypto updates!