As we know Bitcoin crossed its all time high price again two days ago but still altcoins are down from 30 percent to 80 percent from their all time high price, all investors are waiting for altcoins pump
In the start mostly altcoins was moved with Bitcoin price but now it's changing, now mostly altcoins are not dependent totally on Bitcoin price action that's why we need to check so many things before investing in any altcoin
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Some altcoins are fundamentaly and technically are very strong, like Solana, XRP and ethereum etc these coin have good use cases and strong communities that's why these coins can recovered from losses over time
On the other hand there are so many useless meme coins which can goes up only once and not going to cross tere all time high price again, recently we saw so many Solana based meme coins pumped very hard like pnut now thmooese pump and dump coins are 80 percent down from there all time high price
That's why it's all about in which coin or token you are going to invest not all cryptocurrency coins and tokens are going to moon with Bitcoin infect many will go to zero or stay down so please make your investment decisions carefully
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You know, after reading you, I keep insisting that most people invest without knowing what they are doing when it comes to cryptocurrencies.
To invest in cryptocurrencies, you have to read the projects, see the communities, do market analysis, and other little things.
However, people invest in memes, or in coins without backing, because of what social networks say, and because of the boom that these networks, they give to a coin from one day to the next.
That's why we see so many people so frustrated in these investments.
So, you are right, you have to study and research before investing.Hi @zaibkang, my regards and happy Wednesday.
I totally agreed with you my dear brother, and I have no word's to thank you for your support and encouragement
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