The sentiment “Have I missed the altcoin party?” can be heard throughout the cryptocurrency community.
Numerous people believe they missed a golden opportunity because altcoins have experienced significant volatility. In contrast, when one examines the historical progression in greater depth, a distinct narrative emerges.
A pattern emerges when the current altcoin market cycle is compared to its previous iterations.
Alternate cryptocurrencies appear to be moving within a range that is consistent with their historical patterns of consolidation.
Even though this consolidation stage is frequently viewed as a state of inertia or a missed opportunity, this may be simply the calm before the storm.
After halving events, the altcoin market has witnessed the most significant breakouts throughout the history of cryptocurrency.
A decrease in the rewards that miners receive due to a halving, a coded reduction in these rewards, will typically lead to a decline in the supply of coins entering the market.
Using Bitcoin as a model frequently causes price increases. And as Bitcoin’s value increases, alternative cryptocurrencies will be thrust into the public eye, triggering bullish trends.
Patience could be the answer for those who fear being excluded from something. If past events are any indication, the real altcoin celebration may be scheduled to begin after the upcoming coin supply halving.
Before concluding that you’ve missed the party entirely, remember that the space to dance is expansive, and the music never truly stops in the ever-changing world of cryptocurrencies.