Expert: Altcoins Can Make Market New Bottom in Next Few Months

The entire cryptocurrency market is down by 4.80% over the last day. Likewise, according to the news published by CoinQuora, some experts believe that the crypto market crash will happen in the coming months.

In addition, Ash WSB, a crypto trader, posted a graph on Twitter of the total altcoins market for the year 2018/19 vs. 2022/23.

He noted,

Trend says we are following the same cycle in altcoins as Bitcoin. In this case, we can see a very slow market for the next 9 months. Take the exit from altcoins positions with every pump. Many altcoins can make a new bottom in the next 9-12 months.

To clarify, all other cryptocurrencies apart from Bitcoin are referred to as altcoins. Now, a huge number of great players in the market are showing keen interest in altcoins.

To name a few, here are some of the altcoins that can contribute to making a new bottom in the next few months.

1. Cardano

Cardano is third-generation crypto. Its features offer the best blends of first and second-generation cryptos, such as Bitcoin and Ethereum. It uses Proof of Stake (PoS), enhancing its sustainability compared to other cryptosystems.

2. Shiba Inu

Shiba Inu is another meme coin that is also one of the biggest competitors of Dogecoin. The community has also formed an NFT project around SHIB that has enabled it to gain more interest from investors.

3. Decentraland

Decentraland is the virtual reality game token built on the Ethereum blockchain. It has been described as a 3D virtual world where users buy land to create and monetize content, and buy goods and services.

4. Solana

Solana fits up well with Ethereum in two critical areas for development, speed, and low transaction costs. It has enticed many crypto investors due to its revolutionary qualities.

5. Terra

Terra (LUNA) carries a lot of advantages in the market. The network presents competitive programmable payments, logistics, and an infrastructure created to simplify dApp and stablecoin development.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.