Is there still time to invest in cryptocurrency
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A few weeks ago, I offered a notion about how Ethereum's performance affects other altcoins. If you've been following ETH's performance recently, you may have observed that it hasn't done poorly, but it hasn't been particularly successful; it hasn't even surpassed its prior all-time high. This means that we have yet to enter the cryptocurrency season. My prognosis holds true: a large shift in ETH is required for altcoins to begin performing well. While some may argue with this hypothesis, the reality is that the majority of cryptocurrencies continue to underperform.
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This scenario is similar to the previous bull run, when many expected BTC to reach at least $80,000 but it did not materialize. The truth is that the market may be unpredictable, and most of these theories are founded on our assumptions about what can cause movement. However, actual market developments are frequently influenced by forces that no one can entirely predict. For example, many people believe that the market for cryptocurrencies would improve after the elections, and there is some evidence to back up that claim.
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Many of the hypotheses individuals believe in may not come to fruition, as the crypto markets are unpredictable. However, there are still enormous earning potential, even if many people ignore them. Some people who express their ideas on Twitter do not actively construct their portfolios. It's safe to assume that the next bull market will be strong. This crypto market may take longer to develop, but it offers investors the opportunity to invest in a wide range of altcoins. Many cryptocurrencies remain reasonable, despite Bitcoin's all-time high, indicating that there are still strong buying chances.
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