Is This Your Last Chance to Buy XRP, ADA Before Trump Takes Charge?
The recent Federal Reserve FOMC meeting changed the direction of the cryptocurrency market, with many altcoins seeing significant losses following Jerome Powell’s speech. Many coins have taken a major hit over the past 24 hours.
Analyst Miles Deutscher said, Changes in the market have affected the short-term trajectory but will not change the overall bullish outlook over the long term. Currently, Bitcoin dominance is rising, but the market may be forming a lower high, suggesting that Bitcoin may decline before altcoins start to rebound.
Historically, after Bitcoin pullbacks, altcoins tend to follow and experience significant growth. This could mean altcoins could see a rally in late January, as market patterns tend to align with these cycles.
Many new retail investors panicked during the market decline, with some expressing concerns about holding coins like XRP or DOGE. The analyst said that for those who think the bull market is over, it’s important to consider that most bear markets don’t start with a 15-20% correction. Historically, declines like this provide excellent buying opportunities and may be the best time to position yourself for future profits.
Historical pattern shows huge potential
Cryptocurrency Analyst Lark Davis It is believed that the altcoin market is preparing for a significant rise. As of December 18, the total market capitalization of altcoins (excluding Bitcoin and Ethereum) was approximately $1.05 trillion, close to the high since November 2021. The last time the market hit similar levels was in February 2021, when it broke through and surged to 200%. Davis believes that once the market capitalization exceeds $1.13 trillion, we may see one of the largest altcoin seasons ever.
He also pointed to several factors driving this potential growth, such as Bitcoin hitting all-time highs, Trump’s upcoming inauguration, global interest rate cuts and more money flowing into the market. Davis warned that with these conditions in place, anyone not participating now could miss out on the opportunity to make significant gains during the upcoming altcoin rally.
