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- Reputed crypto and Bitcoin analyst shares his take on when altcoins will set new ATHs.
- He shares a report explaining how the crypto market is facing another correction phase.
- He encourages the crypto community to look at historic charts and make smart decisions.
As the crypto market swings into another brutal market dip altcoin and Bitcoin holders everywhere try to keep their hopes up. Renowned analysts share their observations to find a source for the cause of the dip besides a simple correction phase.
While some point to Bitcoin ETF trading as a reason, one reputed crypto and Bitcoin analyst, Doctor Profit shares his take on the matter. To highlight, Doctor Profit is known for his accurate predictions when it comes to crypto market action.
The big Altcoin report 2024 ✍️
— Doctor Profit 🇨🇭 (@DrProfitCrypto) June 18, 2024
All you need to know for Q3:
Many people don't understand how altcoins work and why they need patience during market corrections. Not so long ago from October 2023 to March 2024, the altcoin market had a huge run, going from $300 billion to almost… pic.twitter.com/lhcxRwE8lC
Now, the silver-tongued analyst shares a long report he marks as the big altcoin report of 2024. Here he tells readers and investors what they can expect for Q3 of 2024. To begin he reminds the crowd that these corrections are very normal and price action takes months to bounce back.
He also highlights how in October 2023 to March 2024 altcoins went from $300 million to almost $800 million in market cap. Now, the market is correcting and has fallen by 25% to around $550 billion.
He then says altcoins have nearly hit their bottom and will soon rise to another massive market cap of $1 trillion. In this phase, Doctor Profit believes altcoins will set new ATHs. He then shares a number of buy orders he will execute for popular altcoins such as SAND, JASMY, IO, NOT, TON, ETH, OP, STX, ARB, and more.
He also places a disclaimer over his buy orders saying market manipulation will mean his orders may fluctuate by 3%-5%. He also alerts the crypto community to the next big crypto event which is the ETH ETF launch which will likely trigger a bull run after a few weeks.
#Jasmy fam do not get shaken out. We expected this move with #BTC. History may not repeat exactly, but they do rhyme. Pain for those who r uninformed n possible capitulation and then "expansion" 🚀 for those patience n well informed! Thats u $Jasmy fam! https://t.co/lDkotNYDFB pic.twitter.com/cObBezQHbG
— westcoast LA (@westcoast_la) June 18, 2024
Finally, he marks two possible outcomes. He then says that no matter which outcome plays out, the altcoin bottom will be set and any buys now will play very well for long-term users. Meanwhile, dedicated altcoin holders encourage the community to stay strong using historical chart action to build bullish sentiment and JASMY is one such community leading the charge.