Altcoins have experienced a sharp decline recently, leading to increasing doubts among crypto investors about holding these assets. However, the outlook for altcoins might not be as negative as it appears. Some crypto experts are countering the current pessimism, predicting a possible recovery for altcoins in September.
Let’s dive into their insights.
Altcoins to Recover in September
Crypto expert Captain Fabik recently shared his thoughts on X, predicting that the altcoin market might start to recover after mid-September. He noted that the market is likely to move sideways for the next few weeks but suggested that it could return to its March 2024 levels by the last quarter of this year.
Another prominent crypto expert, Michael van de Poppe, also expressed optimism about a September altcoin bull run in his latest X post. He described the overall value of the altcoin market as promising and pointed out a new higher low in longer timeframes. A higher low is often seen as a positive trend, signaling that the market’s decline may be slowing.
September Could Bring the Magic!
Both Captain Fabik and Michael van de Poppe believe that the altcoin market could rebound in September. If their predictions are correct, altcoin holders might see significant benefits next month. However, it’s important to remember that the crypto market is highly unpredictable, and anything can happen at any time.
So, buckle up, Altcoin holders! September could be the month that turns things around. But remember, the crypto world is full of surprises. Stay tuned to Coinpedia for more updates.
