Crypto Analyst Warns Against Investing in Altcoins Just Yet - Explanation Provided

Quick Summary:

He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.  He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength.

Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.  Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason On the other hand, he highlighted RUNE as a "really cheap” crypto token, as it is down about 52% from its peak.

Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against "sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Altcoins news Crypto news Altcoin news Crypto Crypto analyst Altcoin Cryptocurrency Market News Analyst Altcoins Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 14:00:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 20714474

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