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Bounce Expected in Bitcoin – Altcoin Index! Is the Rally at the Door?
Altcoin investors are now waiting for big rises.
Cryptocurrency investors have been having a hard time for 2 years on average. Although all dollar index investment instruments have experienced sharp declines in recent years, the declines in crypto assets have reached unbelievable levels.
Metaverse products, especially the star of the 2021 bull cycle, caused many Turkish crypto investors to lose the majority of their assets.
While altcoins such as BLOK, RACA, and CEEK have experienced mind-blowing gains, they have also experienced mind-blowing lows in the last bear season. Although Bitcoin has experienced a 100 percent rise in 2023, these altcoins are still struggling to survive at the bottom levels.
Are Expected Rises For Altcoins At The Door?
As of now, according to Blockchain Center, the Bitcoin – altcoin index is at 14 points. This index is calculated by looking at the performance of altcoins in the last 90 days.
It can be seen that the Bitcoin – altcoin index is below 25 points, which has been a limit for a long time. In the upcoming period, it is expected that this index will rise again to 80-90 points levels.
In case of such a rise, all altcoins that are not scam projects will experience serious rises and please their investors.
This index, which will rise with the decline of Bitcoin (BTC) dominance, may give the first signals of altcoin rally to investors in advance.
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