When is the Best Time to Invest in Altcoins?
If you’re looking to invest in altcoins, the CEO and Founder of trading platform MN Trading, Michaël van de Poppe, suggests that the best time to do so is “6-10 months prior to the Bitcoin Halving.” This period aligns with the upcoming Bitcoin Halving event scheduled for April next year.
Poppe emphasizes that although this period represents the worst phase of the crypto market cycle, it is also the ideal time to invest because altcoins are experiencing significant movement. In fact, he states that altcoins are “moving massively” during this time.
The #Altcoins are breaking out left and right. The bull market is here.
It’s crucial for altcoins to start moving in this period, as we’re in the worst period of the cycle.
That means, the best period to invest. But why is that? Altcoins are moving massively.
This strategy is supported by historical trends. Kevin Kelly noted that previous Bitcoin Halvings occurred seven months before Bitcoin reached a new all-time high (ATH). In each Halving event, Bitcoin’s price experienced significant increases before and after. For example, in the most recent Halving in 2020, BTC rose 17% leading up to it and an additional 559% in the following year.
Considering these patterns, it is reasonable to expect that the upcoming Halving event will trigger a substantial rise in the crypto market.
Hot Take: Altcoin Investments Prior to Bitcoin Halving
Investing in altcoins 6-10 months before the Bitcoin Halving event could be a lucrative strategy. Despite being in the worst phase of the crypto market cycle, this period presents a unique opportunity to capitalize on altcoin movements. Historical trends surrounding previous Halving events show that Bitcoin’s price has surged significantly before and after. By following this pattern, it is likely that the upcoming Halving event will lead to a substantial rise in the crypto market. Therefore, if you’re considering investing in altcoins, now may be the time to do so.
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