Transforming from poverty to wealth Compilation of altcoins to retain for achieving millionaire status by 2025
The presenter of ‘The House of Crypto’ recently discussed in his latest video how the market is designed to lead retail investors into making poor decisions. Following a bear market, a period of despair usually follows where investors believe it’s the end. However, hope and excitement resurge, as seen at the end of last year and the beginning of this year. Yet, a shakeout phase often follows, leading many to lose hope once more. It is during this shakeout phase that the greatest opportunities arise.
He emphasized the importance of not investing in coins that have already experienced significant price surges. Instead, he recommended focusing on undervalued assets with strong long-term potential, like Avalanche, Fetch ai, and Akash Network, which have recently dropped in value, presenting attractive buying opportunities.
He cautioned against pursuing quick profits by investing in hyped-up coins like Brett and Jasmy, which are currently in a high-risk, high-reward phase. Instead, he suggested looking for coins that have fallen out of favor and are in a downtrend, as these often offer better buying opportunities.
Discussing potential buy zones, patterns, and pullbacks, he used Beam as an example, highlighting its 58% drop since reaching its peak around March 11th, coinciding with Bitcoin’s initial high of the year. This significant dip could serve as a favorable entry point for those anticipating future bullish trends.
He addressed the market’s volatility, citing examples like Pyth Network, which experienced a surge in value followed by a steep 71% decline. Despite initial excitement, interest dwindled as the price plummeted.
To identify potential buy zones for such coins, he recommended looking for significant price pullbacks following large green candles, indicating strong support levels where buying interest may resurface. For instance, Pyth fell into one of these buy zones after its sharp decline.
He reiterated his warning against chasing after the latest hyped coins with inflated prices and higher risks, advising instead to focus on overlooked projects with potential, particularly in the AI and gaming sectors.
Tags:
Altcoins
Crypto news
Cryptocurrency
Price Analysis