What's up with the altcoin market lately

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cold5tor4geSenior Member
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#1Feb 25, 2024, 02:38 AM
Here we are again, nearing the end of the year. Altcoins took a serious hit along with Bitcoin, but now that things are bouncing back, you'd think we'd see some action in the altcoin scene as we head into 2025. But honestly, it feels pretty dead right now. No new projects seem to be launching successfully these days. What’s going on with altcoins? How can we get ourselves ready for the upcoming year?
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pixel2014Hero Member
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#2Feb 25, 2024, 05:05 AM
Crypto is now completely gambling. Just check the Alpha trading (that is also called the on-chain trading) on some of the exchanges, you will see how tokens are manipulated. See this recent manipulation on this coin that major exchanges kind of promoted recently: Altcoins are too many now also is another thing and people have turned them to full time gambling.
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cold5tor4geSenior Member
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#3Feb 25, 2024, 07:44 AM
Yes because of the presence of multiple altcoins, the majority are now scam and this have killed investors motivation to look in the way of altcoins, but now they are focusing more on assets like Bitcoin which market is already established and could withstand any form of market manipulations that comes along the the with altcoins investments.
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boss_wizardSenior Member
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#4Feb 25, 2024, 09:59 AM
There are still plenty of projects launched with billions in fully diluted valuation but the general landscape of the altcoin market is indeed dry. It lacks hype and it lacks the rally we needed. The latest trend that is going on is privacy coins which honestly a good thing since we've seen privacy coins just dump all year round and finally there's a change but the scope is limited to that. I don't expect much from the altcoin market for the simple fact that there is fragmentation of liquidity. Too much altcoin make pump hard to come by.
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quantumsageFull Member
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#5Feb 26, 2024, 04:16 AM
No wonder token trading on Alpha is manipulated a lot because some people just want to chase points so it wouldn't be strange for so many tokens to be manipulated in trading there. Yeap crypto is now almost like gambling. If it is profitable, it will be profitable --- if it is a loss, it is still a loss. The altcoin market is now unpredictable and too many altcoins are only looking for profits for devs not for the community.
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chad404Member
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#6Feb 27, 2024, 03:51 PM
The market surely is unpredictable. The number of options might also be a reason why traders are confused. That's why its difficult for a legit new coin to be successful. November to February always had been slow months but as we had another large fall in october, there is some correction now. Bitcoin is still below $110K. It has a large resistance above 100K but if anyway it broke that, the price would go tumbling and a 25% loss in Bitcoin means 50%+ for many alts. But many news are positive. Just today the senate has forwarded the budget, the US government shutdown would end as the budget passes, even though the war in Russia and Israel are still ongoing, it has became more stagnant and we might see more negotiations in 2026. There's an increasing interest in crypto as people seek to look beyond fiat. I'm not bullish for the Q1 but Q2 to Q4 could be the time crypto gets back to its glory.
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its_vaultFull Member
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#7Feb 27, 2024, 04:03 PM
I hope you are making mention of Q4 of next year, not of this year because this year Q4 is almost over. Crypto will see a mini glory if she is to(not certain). That being said, Q4 of next year is very long. How many of the altcoins get to pick up in price during that time after they have fallen drastically in price in Q1, Q2, and Q3 before Q4? Let's not forget that next year should be the start of the bearish market. Any of us who fail to dump their altcoin this year or the beginning of next year will have themselves to blame for the mistake of not selling their altcoins on time.
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0x0rb1tSenior Member
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#8Feb 28, 2024, 04:41 PM
As I see, it's a natural tendency from crypto market after the massive bullish run we have been seeing since the first quadrimester of 2024. As expected, after massive increasements in volume and price, the market's tendency is to cool down and to present movements of correction and crashes in prices. The most affected ones will be, indeed, the speculative projects, the high risk altcoins' investments, so it's not an interesting moment to get engaged with them.
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0xNonc3Full Member
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#9Mar 1, 2024, 01:41 AM
Because the main focus of lots of investor now are in Bitcoin and other top coins. This is the reason on why we have seen so good volatile movement of those coins on top since many people think that there are more better movement and profit to get from those coins compare to other shitcoins out there. Maybe meme coin scams, also pump and dumps token contributes people for staying away with these type of alts. We have seen people talk about many things on current progress happening on Bitcoin and this is the reason I think we didn't experience the alt season this year.
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jake365Full Member
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#10Mar 1, 2024, 07:04 AM
You didn't include if there was a volume spike on there. If there wasn't, this happens with exchanges that have fake volume. Exchange bots are creating volume by listing fake trades that are happening between real buy and sell orders, so when real buy or sell orders are just thin walls, market buying or selling even low amounts can cause huge spikes without creating any volume, because actual gap between buys and sells is just that large.
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alexaltFull Member
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#11Mar 1, 2024, 10:20 AM
Altcoins are dead already because we see different shitcoins in the market and tomorrow, they're no more. Altcoin is for gamblers that feel there's a golden opportunity to get rich quick from them. It ends up the opposite because the dev are smarter than you and their main aim of creating the project is to scam the public. I will advise the OP, to forget about putting your hope on altcoin price pump because investors have understand the trick behind these projects. Only BNB have achieved success recently.
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fullnodeSenior Member
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#12Mar 1, 2024, 02:45 PM
Privacy coins are doing well right now, but the vast majority of altcoins are still struggling, likely in part due to market saturation and not having real utility. There was also the situation with Stream Finance, which was essentially a ponzi that has now collapsed. Due to lending market curators not doing proper due diligence and wanting to inflate their TVL, it's had an effect on the wider ecosystem. There is many markets with bad debt and yield bearing stablecoins are trading for a few cents because Stream Finance borrowed all the backing collateral and are unable to repay.
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raven1337Hero Member
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#13Mar 1, 2024, 03:20 PM
Honestly, alts seems likely a trap. I don't blame it's wrong to put the money into the alts, but almost all of alts are facing the same issues. They're not even moving even when Bitcoin crazily pumped to the roof. There might be some reasons why alts getting stuck. 1. Uncontrolled supply of alts, more alts, and same demand. This obviouslly making alts to stay in the same place even getting a sell off during the dump. 2. Crypto is about a tech and narrative anymore, it's also about the political intention. 3. No more 4 years cycle anymore as there are too many alts in the market. It's now about finding alts that can fit the narrative that is happening now. 4. Money fully focising onto the Bitcoin, and not intending to rotating.
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byte2013Senior Member
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#14Mar 1, 2024, 07:52 PM
That’s wild, its price was $10 at its all-time high, and then in less than 24 hours it suddenly crashed to $0.59. I feel bad for the investors who bought in at $7–$9. A rug pull clearly happened there; you can plainly see the price was manipulated. A lot of investors FOMO’ed in. This is what’s alarming about brand-new altcoins or meme coins entering the crypto space: their volatility makes unexpected events like this almost inevitable. That’s why it’s still better to invest in cryptocurrencies that have at least some proven track record.
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bit2017Senior Member
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#15Mar 2, 2024, 12:05 AM
I hate MMT they released wave2 and it's still not worth what the community has sacrificed in the ecosystem. So this is a pretty bad project for me, btw what OP said the situation of altcoins now is quite predictable even if they succeed it will only last for a while because the speculation of new projects especially this year is quite diverse. As a result liquidity is spread to different types of projects just to take the initial share and after that investors go to withdraw their funds.
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hodler07Full Member
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#16Mar 2, 2024, 12:53 AM
Throughout this cycle, this is how altcoins have been reacting.if Bitcoin price drops, altcoins dump heavily. When Bitcoin starts to recover, altcoins hardly recover  only a few manage to bounce back.So, even with this recent Bitcoin dump, as Bitcoin is trying to recover, I don’t really expect many altcoins to recover. Many of those projects are just pump-and-dump schemes; their aim isn’t to stay long in the crypto industry but to scam people. That’s why crypto is starting to feel more like gambling, and altcoins nowadays aren’t really worth investing in. There’s not much hope for crypto recently, with how the market has been reacting. Now that everything about altcoins isn’t going as planned, the best preparation for next year should be to expect both the good and the bad  because investing in altcoins now is basically a 50/50 chance.
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its_cipherSenior Member
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#17Mar 2, 2024, 02:15 AM
It is because of coins like MMT that I fear altcoin markets sometimes. There can be sudden moves but also when it comes to dumps, the markets can quickly dump and after that it takes months or even years for the markets to show us any promising returns again. Most people will loose everything in such coins because after this massive dump, they would hardly trust a coin like MMT and would just sell all of their holdings so they can invest the money elsewhere. It always makes it difficult to have promising returns when it comes to altcoins. Sometimes we might get lucky and have profits coming our way but this happens rarely and in most cases we wind up losing all the gains. A through market research is very much important when it comes to altcoins and specially coins like MMT.
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calmfalconSenior Member
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#18Mar 2, 2024, 07:33 AM
As of now, all focus was on bitcoins and maybe that is one of the reason why altcoin markets seems a bit dry but eventually altcoins will start rallying again. We need patience when it comes to altcoins because even in a bull run altcoins will take some time to show us any growth. Altcoins are always considered as a second choice and bitcoins will be given priority but as we see bitcoins are somewhat stable now so people can eventually start moving funds towards altcoins which will make them grow again. Not this year but maybe the start of 2026 can begin the altcoin season and we can start making profits out of altcoins again. It is not really recommended to hold altcoins for a longer time so I would instead look for an opportunity when they start growing and will make profits our of trading instead of holding.
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#19Mar 3, 2024, 03:18 PM
There should be another altcoin that has a good usecase, not those niche native coins of their own chain or whatsoever. We need an innovative way or good narrative of a new token and in that way, a new generation will soar high. That's why the only blue chips I'm trusting is ETH, BNB and SOL which has a lot of utilities inside the chain and of course have a massive community and usecases. The volume is also good, people are always having transactions within the chain for different purposes and that's why they always pump at the right time. People making alts with same narrative and it'll turn out to be sht, and of course please avoid political tokens, those will just ruin your portfolio. Trust the blue chips and embrace the purpose of crypto.
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cipher_pixelSenior Member
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#20Mar 4, 2024, 08:24 AM
Privacy projects have recently seen significant success and seen strong gains. I can say it's also provided some hope for other altcoin projects. The market has generally dried up considerably as we're nearing the end of the year, with altcoins at their lowest levels in the last few years. Investors are losing hope one by one, and I suspect that's exactly what market makers want.
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