Is a market purge underway?

[Gurujebs]

bitcoin price has touched $93K, that's what is listed in CMC. And right now it seems very volatile because today I am observing the crypto market, it seems like bitcoin price is very volatile.
Maybe this is what makes the altcoin price not fully rise to touch its ATH because bitcoin has not fully held above $90K.

Before now, what I have observe in Bitcoin and altcoin run is that when Bitcoin is about to take off, altcoins do move together but the speed at which Bitcoin moves is faster than the altcoins and then after a while, the dominance of Bitcoin reduce and then flow to the altcoins, that's when the altcoins do have their moment and run like they can't be stopped.

What I'm seeing right now is that we are seeing a change in the history of bull run in the crypto ecosystem. Perhaps people want to pump and dump meme coins, that's what they want to do and are not interested in the altcoins like before now.

[MRY]

Before now, what I have observe in Bitcoin and altcoin run is that when Bitcoin is about to take off, altcoins do move together but the speed at which Bitcoin moves is faster than the altcoins and then after a while, the dominance of Bitcoin reduce and then flow to the altcoins, that's when the altcoins do have their moment and run like they can't be stopped.

What I'm seeing right now is that we are seeing a change in the history of bull run in the crypto ecosystem. Perhaps people want to pump and dump meme coins, that's what they want to do and are not interested in the altcoins like before now.

Well, the switch between bitcoin and altcoins has been an exciting trend, but as we have seen the ecosystem is ever-changing and not exactly as predictable. This we are able to observe through the shift of focuses that market participants play to the different bearings of interest and sentiment that are being brewed. When attention shifts to a certain type of asset like meme coin then you can see that old pattern has lost its perfect applicability. In such circumstances, it is equally crucial to note some of the emerging features while at the same time being sensitive to the resulting dangers.

What this change does not mean is that there are no opportunities in altcoins, but it means that the riders are required to be very picky when selecting their assets. Locally based projects which are noble and noble have the potential to expand, if not at the same rate with other projects, but later. We can always capitalise on the existing trend while building for the next phase of the market where fundamentals of altcoins are likely to be brought to the limelight. Failure to fall foul of momentary irrational elation would be beneficial as a technique for being able to make better decisions especially when reacting to a new form of market trend.

[lombok]

yes it seems bitcoin is experiencing a correction but not long below $90K then goes up again past $90K. I can't decide to buy yet because I see the correction is not deep, I will wait to buy some coins during the correction.
I also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.

I think now all of us are waiting on a correction so we could buy some alts as I also waiting for a dip and picking some altcoins for upcoming months because they are bullish ones and TBH finding coins is not hard but trusting my predictions is hard hehe as you said I also can't really decide.

Well all I think we can do is do DCA, or adopt some strategies to buy these tokens, BTW I say even if we buy some altcoins now they would still give us profit because if we see the TOTAL3 chart which is a good chart it tells us that altcoin season is yet to start.

If we are willing to ride this wave in the crypto market, calm is something that needs to be followed strictly with the decisions that we make on the market. Measures like examining a phased buying pattern is one way through which we can decrease the emotional risk involved in investing. Dividing the expenses we make into stages, it will be easier to respond to the current market position and at the same time, at the same time, opening the potential for receiving good results in the future.

Besides, we can be attentive to the general conditions in the market, particularly large trends that are normally present. By having set our goals to be achievable and sticking to this that we have established we can maximize our chances to our investments. Other kinds of graphs or similar kinds of signs can be useful to refer to in that work, but the last decisions on that have to be made based on rigour with the help of the counting and at the same time with the help of the own values. Thus, we are always hopeful but still very realistic about the world all around us.

[KryptoBull]

Before now, what I have observe in Bitcoin and altcoin run is that when Bitcoin is about to take off, altcoins do move together but the speed at which Bitcoin moves is faster than the altcoins and then after a while, the dominance of Bitcoin reduce and then flow to the altcoins, that's when the altcoins do have their moment and run like they can't be stopped.

What I'm seeing right now is that we are seeing a change in the history of bull run in the crypto ecosystem. Perhaps people want to pump and dump meme coins, that's what they want to do and are not interested in the altcoins like before now.

I think the market will continue to fluctuate following the cycle of capital flow: BTC > top altcoins > other altcoins > altseason. Currently, we're in Bitseason with the strong price increase of BTC and BTC.D while many altcoins are still at the bottom.

Memecoins are a new thing in the market this season. Their success in 2021 has permanently changed their status: from a joke to a major force in the market. Investors afraid of BTC's high price can buy memecoins to easily own millions or billions of tokens. I don’t think that’s bad as it's attracting new capital and bringing many new investors to crypto.