Rune

Arweave

Time

Celestia

The post <a href="https://coinpedia.org/news/top-reasons-why-this-is-not-the-right-time-to-buy-altcoins/">Top Reasons Why This Is Not The Right Time To Buy Altcoins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://www.youtube.com/watch?v=PKNW9oMbXY0">Analyst Crypto Banter </a>has recently opened up about the current state of altcoins and meme coins, urging investors to adopt a cautious yet strategic approach during market volatility. In a recent segment, Crypto Banter explained the importance of not simply following the herd mentality of buying assets that have experienced the quickest recovery. 
<h2 class="wp-block-heading" id="h-altcoin-alert-don-t-get-burned-by-the-hype">Altcoin Alert: Don’t Get Burned by the Hype!</h2> 
Crypto Banter predicts continued market volatility in the near future, warning against the assumption that the crypto market will bounce back to all-time highs immediately. Firstly, he advised against blindly following assets that rebound quickly without considering the extent of their price drops. Instead, he suggested looking at both the price and percentage decrease from the peak to gauge relative strength.&nbsp; 
For example, a token like Rune might have dropped by 62.57% but only recovered by 31%, indicating potential undervaluation despite the 50% net decrease. This approach helps investors identify tokens with genuine resilience and long-term potential, rather than those simply bouncing back fast without strong fundamentals. 
He pointed out Ando as an example. It dropped by 46% from its peak but recovered slightly, now just down by 6.67%. This shows which tokens are strong and which are bouncing back quickly. He also mentioned buying Telegram (TON), which only fell by 9%, suggesting it could lead in the next cycle.&nbsp; 
The analyst also discussed Celestia and presented a framework focusing on two main aspects. Firstly, evaluating how a token performed from its peak is crucial. Celestia, for instance, plummeted from $22 to $6, a staggering 65% decline. Although it bounced back by 30%, it’s still 52% below its peak.&nbsp; 
This explains the importance of seeking resilient and high-quality yet affordable tokens. Tokens like Rune and Arweave fit this criterion, offering substantial value despite price drops of 41% and 40%, respectively.

Top Reasons Why This Is Not The Right Time To Buy Altcoins

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