Altcoins

The Best Period to Buy Altcoins is Probably Current Weeks! Here’s Why

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Dec 7, 2021

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Highlights

    An industry proponent anticipates the first and second quarter of 2022 to be colossal for the traders.

    Folks from the business trawl for potential digital assets. While the space remains in pursuit of capable cryptos ahead of the alt season.

The crypto sphere is currently depicting signs of relief, after a brief period of treacherous hurdles. The market cap of the industry has now risen to $2.49 trillion with a change of 3.9% in the last 24-hours. Spectators have seen the market cap falling to about $2.1 trillion a couple of days ago. The volume of trades since the previous day are at $163,536,977,780.

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The star crypto has now reclaimed its price tag of $50,000, while its dominance remains at 38.6%. The dominance of Ethereum has grown to 20.7%, the growing dominance of Ethereum over the past few years has been impeccable. Meanwhile, folks from the business have been trawling for potential digital assets. On the other hand, an industry proponent expects the Q1 and Q2 of 2022 to be massive

According to Popular Crypto Analyst, Michaël van de Poppe Bitcoin is most likely bottomed out and it’s the best time to buy altcoins. He believes that a new bull cycle is nearer.

Better To Be Early Than To Be Late?  

The pursuit of buying potential altcoins has been thriving with each passing day. A proponent from the industry believes the first and second quarters to be fun. Further citing the best moment to buy altcoins to be in December. The proponent believes the market to be still in a bull cycle.

With the much-hyped alt season around the corner, amateurs from the business have been learning to ape the footsteps of veterans. For computed returns on investments, which has been beneficial for masses in the space. On the contrary, the market seems to be stabilizing. As the fear and greed index is currently at the score of 25 of extreme fear from 16 the previous day.

Will These Altcoins Bear The Flag For The Altseason?

Ethereum (ETH)

ETH at press time is trading at $4,357.16 while recording gains of 5.2%. The market cap of the digital asset is currently at about $516,599,379,981. While the volume of trades for 24-hours are at $30,616,272,779. ETH has been trading in the frequency from $3,941.68 to $4,379.90

The gas guzzler has been faring well as the price is currently short of its ATH by 10.3% at $4,878.26. ETH price could claim the target of $12,962.33 in 2022 if the ETH 2.0 upgrade goes as per the expectations. The digital asset might soar to $8,711.98 without any major upgrades, with assistance from the usual buy and sell pressures. 

Solana (SOL)

SOL at press time is trading at $199.42 while registering gains of 4.8%. The market cap of the digital coin is currently at about $60,978,197,478. While the volume of trades for 24-hours are at $3,398,291,666. SOL has been trading in the bandwidth from $177.67 to $199.29

The digital coin is currently short of its ATH of $259.96 by 23.3%. SOL price is expected to claim the mileposts of around $500 to $700 by 2022. With the anticipated upgrades in the pipeline, the target seems to be achievable.

Polygon (MATIC)

MATIC at the time of writing is trading at $2.42 while scripting gains of 32.9%. The market cap of the digital asset is currently at about $16,624,206,680. While the volume of trades for 24-hours are at $4,458,953,210. MATIC has been trading in the frequency from $1.74 to $2.41

The digital coin is currently short of its ATH of $2.62 by an achievable 7.7%. MATIC price is expected to claim the mileposts of around $2.9983 by the start of 2022. If the year starts with a positive note. With regular market pressures, MATIC price might claim the price tag $3.687 by the end of 2022.

Avalanche (AVAX)

AVAX at press time is trading at $95.69 while scripting gains of 17.7%. The market cap of the digital asset is currently at about $23,176,387,873. While the volume of trades for 24-hours is at $1,700,256,282. AVAX has been trading in the frequency from $77.54 to $96.12. 

The digital coin is falling short of its ATH of $144.96 by 34.2%. AVAX price is expected to claim higher cliffs at $208.20 by the end of 2022. Provided the bulls hold the market higher for a significant period of time. 

Crypto.com Coin (CRO)

CRO at the time of writing is trading at $0.6384 while scripting gains of 15.9%. The market cap of the digital asset is currently at about $16,079,077,905. While the volume of trades for 24-hours is at $627,596,641. CRO has been trading in the frequency from $0.512115 to $0.63706. 

The crypto is currently falling short of its ATH of $0.965407 by 34.3%. CRO price could make a start to the year with a price tag of $0.7954. The valuation could further rise if the platform receives upgrades and grows higher on metrics. Which could take the price of CRO to $1.8 by the end of 2022.

Collectively, the aforementioned cryptos could claim higher summits on the market charts, with the commencement of the poised alt season. This could arguably be an ideal time to bag some altcoins prior to the alt season, as the analyst cites. As the alt season could arrive as early as the start of the new year. Which netizens are optimistic to return astonishing profits. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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