Someone asked if altcoins will hit new lows again?
The current market is dominated by short-selling thinking. Before the new coins were launched, many people made a lot of money by shorting, so that now everyone wants to short as soon as they see a rebound. This idea is deeply rooted. But when altcoins rise, shorts will push prices higher. The recent launch of new coins such as IP, PI, and KAITO has a different trend than before, which means that the main traders and market conditions are quietly changing. Placing orders along the general trend and earning trend dividends is often easier to operate and has lower risks. I still firmly believe that altcoins will have a wave of eye-catching gains in March and April. In short, although the Bybit theft has caused waves in the market, the mood is recovering. Ethereum is strong and altcoins have rebounded. Although it will take some time for market confidence to be completely restored, the overall trend is positive. The performance of altcoins in the next few months is expected. You may wish to pay attention and follow the trend.
