The current crypto BOOM | Where the market is now headed
After the recent boom in crypto tokens and an all-time-high (ATH) by many coins such as $BTC and $ETH , the market is once more reaching a stable point.
Where will the market lead us now?
In light of past similar events {Q3 2024), we can see that after such an event, there is always a huge drop... a market correction that happens. This can happen at any given time after the boom, within a few days to a few weeks.
As of now, we are in the stable place where all seems well and good, but it is not. Investors of tokens can seriously lose most of their portfolio within these critical times.
What should we do?
Considering opening short positions and closing long positions and selling spot tokens might be better for traders in the short term.
As always, trade safe and DYOR!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
