12.5 C
Manchester
September 27, 2023
BTC Hunts
Image default
Altcoin

Here’s How to Identify the Best Altcoin Picks During the Bear Market

The post Here’s How to Identify the Best Altcoin Picks During the Bear Market appeared first on Coinpedia Fintech News

Cryptocurrency enthusiasts often find the best opportunities to buy during the bear season. Yet, spotting these chances and consistently entering the market can be quite a challenge. With over 25,000 digital assets being tracked by Coingecko and traded across various exchanges, the task might seem daunting.

Despite this, most altcoins tend to mirror Bitcoin’s market trends. Bitcoin, in particular, has established a pattern over the last four years, linked to its halving events. The mainstream adoption of digital assets and blockchain technology is anticipated to greatly affect the supply-demand balance in this market.

Crypto Analyst Zero Ika’s Altcoin Predictions

Zero Ika, a prominent crypto analyst, offers insights into the altcoin accumulation phase, which is projected to persist until April 2024, coinciding with the next Bitcoin halving event. With roughly 250 days left in this accumulation phase, the analyst emphasizes the importance of identifying the next potential altcoin gems.

“Search for strong coins and “unpumped” fresh charts,” Zero Ika noted.

Read More: Bitcoin Halving Prediction: BTC Price To Surge Nearly 400% Before 2024, Says Tom Lee

Meanwhile, the analyst expects TOTAL2, which represents the total market capitalization of digital assets except Bitcoin, to continue bleeding until the end of the year. As a result, Zero Ika highlighted that there is no reason to jump all into the crypto market since the bull rally will not begin any time soon.

“My best from-heart tip, therefore, is to always hold a portion of the cash. Don’t feel the need to be always IN the market, learn how to sit on money. The “urge” condition will exclusively cause your mistakes,” the analyst argued.

Also Read: Bitcoin Price Prediction 2024: Experts See $69,000 by Mid-Year

Related posts

Is The Dogecoin Price Rally Manipulated By Whales? DOGE Bulls Take Back Seat

Leslie Kim

Third Litecoin Halving Event Officially Completed! Here’s How LTC Price Is Reacting

Leslie Kim

Ripple (XRP) and Cardano(ADA) Poised For Potential Rebound – Santiment Reports

Leslie Kim