Coin

<ul class="news-points"> 
 <li>Market analyst CryptoBullet predicted that altcoins will bottom out as 2023 draws to a close.</li> 
 <li>The analyst advised users to move their crypto assets to stablecoins to guard against a possible altcoin drop.&nbsp;</li> 
 <li>Major altcoins have declined amidst a broader crypto market drop in the past 24 hours and week.&nbsp;</li> 
</ul> 
Amidst a market downturn for major altcoins, crypto trader and market analyst CryptoBullet, in a post on X – formerly Twitter – warned the crypto community that the worst is yet to come. The analyst said altcoins will bottom out in what many already exclaimed to be a <a href="https://coinedition.com/altcoins-are-poised-for-a-bullish-october-predicts-trader/">bullish October</a>. 
CryptoBullet continued by advising users to prepare their <a href="https://coinedition.com/stablecoins-are-not-securities-circle-argues-in-favor-of-binance/">stablecoins</a> in the last quarter of 2023. Compared to other cryptocurrencies, stablecoins shield against market volatility, which explains why people use them as a safety net asset during market slumps. 
Meanwhile, the analyst made similar predictions for the world’s largest cryptocurrency network, <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>, earlier this month. While Bitcoin surged above the $28K line, much to the crypto community’s excitement, CryptoBullet argued that the token could still bottom out to $20K. 
He stated that the brief rally by the toke…
The post <a rel="nofollow" href="https://coinedition.com/analyst-predicts-altcoins-to-bottom-out-in-last-quarter-of-2023/">Analyst Predicts Altcoins to Bottom Out in Last Quarter of 2023</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Analyst Predicts Altcoins to Bottom Out in Last Quarter of 2023

Coin Edition

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