Cryptocurrency investors Things are not going well for the company since its peak of 108 thousand dollars. Altcoins suffered significant losses. To make matters worse, BTC price is stuck below $98,000 and tests of $91,500 are worrying investors. Moreover, difficult scenarios such as the Fed not making any interest rate cuts this year have begun to be discussed. So what is expected for STX Coin and other altcoins?
Altcoins Comment
cryptocurrencies When it rises, no one remembers what happened on the worst days. Everyone turns into an investment genius, and there are times when they are right, even if they are short-lived, when everything goes up. But free money has never been distributed in cryptocurrencies. This means that declines like those experienced today are not that surprising.
Besides BTC While trying to permanently exceed $ 20 thousand in November 2022, today it is struggling not to lose $ 90,000. Maybe we’re not going through such bad days? Jelle shared the graphic below and wrote:
“altcoins It certainly looks poised for price discovery. Life-changing money is on the table, but you Bitcoin $94,821.2You are worried about whether it will retest $87,000. Get your head in the game – everything will rise.”
Jelle will not compensate anyone if he is wrong (just like he does not get a share of the gains when he is right), but historical data says that cryptocurrencies should now start the long-awaited rise days. This should start by March.
STX Coin Price Prediction
STX project Bitcoin It has long-term potential as it represents second-layer efforts for the network. Surviving with dreams of an ecosystem integrated into the Bitcoin network, STX Coin can benefit from the growth of BTC, which has turned into digital gold.
The analyst with the pseudonym Daan Crypto Trades examined the current chart and shared his latest predictions.
“STX It has consolidated between ~$1.3 and $2 for most of last year. I am watching for another breakout of $2, which would lead to another test of the highs I predicted. The recent Nakamoto upgrade and network increases have ensured that block times are now fast (not BTC block times), which suggests we will see the ecosystem explode at some point.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
