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    HomeFinanceAnalyst Predicts Dip Before Altseason Explosion in Crypto Market

    Analyst Predicts Dip Before Altseason Explosion in Crypto Market

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    XRP, Solana, and Litecoin Exchange-Traded Funds (ETFs) might start in October.

    The post XRP, Solana, and Litecoin ETFs Could Launch by October appeared first on Coinpedia Fintech News The race for altcoin ETFs is heating up fast. In a latest update, Bloomberg analysts James Seyffart and Eric Balchunas have further raised the odds of spot crypto ETFs being approved this year. The odds are now 90% or higher, according to them. The SEC is actively engaging with issuers, which they see as a …
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    The crypto market is gearing up for a potential final dip before a significant price surge. Analysts are closely monitoring both **Bitcoin** and altcoins, anticipating a major rally in the near future.

    Currently, Bitcoin is holding steady, with little chance of dropping back to $75,000. The market appears more resilient than before, and many investors are not overly optimistic yet, indicating potential for further growth.

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    Altcoins have already experienced a slight 14% decline, but historical trends suggest they may dip further before rebounding strongly. An expert predicts a correction of 10–20% in the near future, followed by a significant surge in altcoin prices.

    The upcoming dip is expected to be less severe than previous downturns, as there is a substantial amount of sidelined capital waiting to enter the market. This influx of funds could accelerate price increases once the market sentiment shifts.

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    Analyzing historical patterns and timing, the expert notes that altcoins typically undergo a final dip before embarking on a major bullish trend. Comparing current market behavior to September 2024, when the altcoin index dropped by 18% before rallying 43%, he suggests a potential 10–20% downside for altcoins before an upward trend.

    Prepare for the next significant market move, which could propel prices to new record highs. This period of relative calm may precede a lucrative opportunity for investors who remain vigilant and strategic in their asset management.

    Consider streamlining your cryptocurrency portfolio by shedding weaker assets, holding onto stronger ones, and positioning yourself for what could be a robust altcoin season ahead.

    Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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