What Makes This Cycle Not Like Others?
A few months ago, Altcoin Sherpa addressed the pessimistic sentiment brewing among some sectors of the crypto community. In an X post, the analyst asserted that Altcoins had to “cool off” for a few months before resuming the bull run. He also emphasized that this cycle differed from previous ones.
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But I think that slower times like these is where it’s important to learn and educate yourself for the coming moves.
Crypto Market Is Down But “Not All Hope Is Lost”
Sherpa emphasized that the crypto market will resume its bullish performance in the coming months. “The good thing is that BTC is still going to break ATH later this year and $ETH is also going to do well,” read the post.
The analyst disagreed with those who believe that Altcoins will have an altseason reminiscent of previous cycles and that we are early in the bull market. To him, it is “very unlikely” that all altcoins will go “to full send like in 2021” or even 2017.Despite the cycle differences, he considers most cryptocurrencies might have a decent performance compared to current prices. Moreover, he deemed that some altcoins will have remarkable rallies.
In the post, sherpa predicted that the crypto market will have a massive Q4, as it historically does. Ultimately, investors will seemingly get another opportunity to profit from the bull market:As I said, not all hope is lost. We’re going to have a huge Q4 as we always do. The macro-environment should be solid and BTC should break all-time highs, which sets up for a huge November-January time period. Be lucky that you get another chance at this bull market.