We should enjoy the ALT season as long as we can
Many coins are having their party lately. Most of the altcoins have shown great growth in the last few weeks. Especially the ones that we thought could be a potential shit coin has also shown a great pump in the last few weeks. I don't know how long this alt season could go but we can enjoy it as long as it is there.
It is so surprising to see a DOGE coin pump like that. Elon cannot be the full reason for that because he said it would touch 1$ soon. I guess there are many traders who are trying to pump and dump to book some decent profits. That's what is making the coin pump. I thought there is no point in staying invested in Doge because of its unlimited supply and hopeless trading emotions.
I still remember the days where DOGE was thrown at everyone on some of the discord servers. I remember getting over 4000 doge coins just from giveaways. I also threw it back at others and it was fun. But the way it is rallying towards 1$ is surprising me so much. I sold all my Doge coins long back when the price was better. If I had held them, I would have made lots of money.
DOGE is at position number 8 right now in Coingecko. I was once having close to 6000 Doge and was holding it for a long time. With the current price, it would have been over 1000$. But yeah we shouldn't be talking much about missed trades. I still feel we have so much opportunity in this alt season to invest and reap some profit.
As long as BTC is staying strong, I guess this ALT season will continue for some more time. In most of the exchanges, the altcoins are traded against BTC pairs and if the price of BTC goes down there is a high possibility that the price of altcoins can also go down. But I'm predicting that the price will not go down as much as how we saw in the previous bull run around 3 years back. The main reason why I think like that is that back then we had only BTC pairs for those altcoins in most of the exchanges. Now that we have stable coins, the pairs with USDT are being traded more than the BTC pairs.
This kind of gives me hope that the pump in the price of altcoins will hold for some time even if there is a drop in the price of BTC. But most of the traders and crypto enthusiasts say that BTC won't stop or go down until it reaches an ATH of 100k and people are also bullish about ETH. It recently had another ATH and is also not too far from another ATH. If BTC is going to be strong and reach 100k, there will be no wonder for people to predict ETH price to reach 10k at least.
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