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 <p class="paragraph">Following a robust rally in December, where the cryptocurrency market showed significant strength after a prolonged phase of losses and consolidation spanning this year and the previous one, it appears to be time to consider investing in altcoins.</p>
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 <p class="paragraph">Initially, the markets have exhibited substantial momentum recently, particularly within the Injective (INJ) and Solana (SOL) ecosystems. This momentum has been further propelled by airdrops, as renowned <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> analyst Michael van de Poppe noted in his post on X on December 21.</p>
 <p class="paragraph">His claims align with the technical metrics, as most digital assets are experiencing a resurgence, exemplified by Cardano (ADA) briefly surpassing $0.61 and Solana nearing the impressive milestone of $100. It is advisable to closely monitor the movements of Ethereum (ETH), Shiba Inu (SHIB), Fetch.ai (FET), and Dent (DENT).&nbsp;</p>
 <p class="paragraph">These four assets are all seeing their top 10 exchange wallets move <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> away from exchanges, which is generally a bullish long-term signal, as per <em>Santiment</em> post on December 22.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="685" src="https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp" alt="Altcoins resurgence chart. Source: Santiment
" class="wp-image-144737" srcset="https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp 1024w, https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp 300w, https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp 768w, https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp 1536w, https://cdn.thebittimes.com/images/2023/12/22/4deeb6db970ce89f879a38e07735113a.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Altcoins resurgence chart. Source: Santiment
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 <h2 class="wp-block-heading" id="h-reasons-for-investing-in-altcoins">Reasons for investing in altcoins</h2>
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 <p class="paragraph">The broader crypto market is anticipating a shift focusing on Ethereum, which could lead to a domino effect of price surges in other altcoins. This transition is expected to unfold predominantly in the first quarter of 2024, possibly from the end of December onwards.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">Various factors contribute to this phenomenon. “Before the halving event, a crucial juncture emerges approximately 3-8 months ahead, representing a period when alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> are deemed most undervalued. Consequently, this timeframe inversely offers the most favorable investment opportunity within the cycle,” as per van de Poppe.</p>
 </blockquote>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="546" src="https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp" alt="Chart of possible pattern repetition in altcoins. Source: Michael van de Poppe
" class="wp-image-144744" srcset="https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp 1024w, https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp 300w, https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp 768w, https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp 1536w, https://cdn.thebittimes.com/images/2023/12/22/bd420b65f4e2697dc12ba07af73197ef.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Chart of possible pattern repetition in altcoins. Source: Michael van de Poppe
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 <p class="paragraph">The potential approval of the Spot ETF on Bitcoin (BTC) is largely factored into the market as the event draws near. This implies an anticipated reduction in volatility, prompting capital to shift from BTC to other <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. As the immediate alternative to flagship <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>, Ethereum is positioned to attract a significant portion of this capital flow.</p>
 <p class="paragraph">Seasonality significantly influences investment dynamics. The first quarter proves favorable for <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> investments, supported by historical data, as seen from a post by <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> analyst <em>Jelle</em> on December 19.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="553" src="https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp" alt="Impact of seasonality on Bitcoin price. Source: Jelle
" class="wp-image-144745" srcset="https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp 1024w, https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp 300w, https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp 768w, https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp 1536w, https://cdn.thebittimes.com/images/2023/12/22/54cb28ae1ede1af08ebcf9f0f1ec3cd5.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Impact of seasonality on Bitcoin price. Source: Jelle
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 </figure>
 <p class="paragraph">Towards year-end, markets witness rebalancing as investment funds adjust portfolios for tax and risk reasons. As the new year commences, these dynamics reverse, with funds entering the market with fresh allocations.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/the-best-time-to-buy-altcoins-is-now-says-crypto-expert-tbt74510.html">https://thebittimes.com/the-best-time-to-buy-altcoins-is-now-says-crypto-expert-tbt74510.html</a></p>

The best time to buy altcoins is now, says crypto expert

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