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

Exchanges Approve ETH ETFs Listings

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

Oasis Protocol (Rose) Announces Collaboration with Popular Game Project! Here are the Details

Zircuit Raises Mainnet Funding Round With Participation From Binance Labs, Mirana Ventures, And O...

Meme Coin Highlights: MOONHOP pre-sale delivers 4900% return, strong MOG Coin forecasts and Brett...

Spot Bitcoin ETFs Issuer Holdings Surge Past 900,000 BTC Amid Massive July Accumulation

Join our free newsletter for daily crypto updates!