CandleFocus What’s better than buying Bitcoin? Cheap altcoins that could rally this cycle
2024-12-13
Author: Content Editor
Bitcoin has surpassed $100,000 again after a recent correction, leading to fear of missing out among investors. The Fear and Greed Index shows "extreme greed" in the market sentiment. However, investors considering entering trades could look at cheap altcoins as an alternative to Bitcoin. Incoming US President Donald Trump expressed support for crypto and discussed the potential of a strategic Bitcoin reserve, boosting positive sentiment among crypto traders. Concerns about the security of Bitcoin holdings due to Google's new computing chip have been addressed, with experts recommending the adoption of quantum-resistant encryption techniques. Options data indicates a bullish sentiment for Bitcoin, with more participants betting on a rise in price. Altcoin season is approaching, with the altcoin season index climbing to 71 out of 100, suggesting that altcoin prices may rise in the coming weeks. The article also discusses several cheap altcoins that could be attractive investment options. Overall, the crypto market cycle in 2024 is different, with more institutional capital flowing into Bitcoin. However, altcoins may experience a resurgence once Bitcoin stabilizes.
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