Bitcoin

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<ul> 
 <li>Market volume for altcoins is declining, backed by data from CoinMarketCap and other platforms.</li> 
 <li>Retail investors, typically the backbone of the crypto industry, are shying away from riskier altcoin ventures.</li> 
 <li>The current regulatory and institutional focus is on Bitcoin, especially in the form of a potential Spot <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">Bitcoin ETF</a>.</li> 
</ul> 
<p>Renowned cryptocurrency analyst Crypto Rover has spoken: Altcoins may not be your safest bet right now. According to the YouTuber, market volume for these alternative cryptocurrencies is dwindling. This isn’t merely hearsay; platforms like CoinMarketCap show a marked decline in trading activity. Simultaneously, venture capital firms, once the catalysts for altcoin projects like Chainlink and Polkadot, have grown reticent. </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Now is not the time to invest in <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>.<br><br>Here is why: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>– The market volume is drying up, and VC's aren't investing in altcoins.<br><br>– Retail investors are scarce and mostly out of funds. Few are even considering Bitcoin, much less Altcoins.<br><br>– The focus is on a Spot Bitcoin… <a href="https://t.co/Wanvn6MJqg">pic.twitter.com/Wanvn6MJqg</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1704427182422933790?ref_src=twsrc%5Etfw">September 20, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The retail market, often viewed as the linchpin of the crypto sphere, also takes a back seat. Amid economic uncertainties, retail investors prefer less risky assets, even sidelining Bitcoin. Moreover, institutional eyes are fixed on a potential Spot Bitcoin ETF, leaving altcoins in the periphery.</p>    
<p>However, Crypto Rover suggests a glimmer of hope. When Bitcoin scales its all-time high—currently at $69,000—it may incite “retail FOMO,” rejuvenating the altcoin market. So, his strategy? Invest in Bitcoin for now, pivot to altcoins when the market ripens.</p> 
<p>In conclusion, the crypto world stands at a crossroads. But as Bitcoin regains its form and paves the way for a more inclusive investment environment, things will only look up.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/eth-btc-collapse-signaling-the-end-of-altcoin-dominance/">ETH/BTC Collapse: Signaling the End of Altcoin Dominance?</a></li>
 <li><a href="https://cryptonewsland.com/friendtechs-rise-sparks-ponzi-scheme-concerns-for-retail-crypto-investors/">Friendtech’s Rise Sparks Ponzi Scheme Concerns for Retail Crypto Investors</a></li>
 <li><a href="https://cryptonewsland.com/altcoin-surge-sparks-solanas-ascent-will-25-5-be-the-next-stop/">Altcoin Surge Sparks Solana’s Ascent: Will $25.5 Be the Next Stop?</a></li>
 <li><a href="https://cryptonewsland.com/crypto-whales-are-losing-their-supply-while-retail-is-buying/">Crypto Whales are Losing Their Supply While Retail is Buying</a></li>
 <li><a href="https://cryptonewsland.com/altcoin-market-faces-40-50-drop-against-btc/">Altcoin Market Faces 40-50% Drop Against BTC, Liquidity Remains a Key Factor</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/is-now-the-time-to-invest-in-altcoins-what-expert-thinks/">Is Now the Time to Invest in Altcoins? What Expert Thinks</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Is Now the Time to Invest in Altcoins? What Expert Thinks

Crypto News Land

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