What should you do in the current crypto market?

After many ups and downs, Bitcoin has once again touched the 100,000 milestone and is now slightly above it. The current Bitcoin price and the slight drop in Bitcoin dominance are good news for the crypto world. The most interesting thing is that Bitcoin has dropped from the dominance support zone after a long time. And that is what is showing a good rally in many coins. This is a positive sign for investors and enthusiasts alike, which is showing strong confidence in the market. However, despite this huge move by BTC, most altcoins have not yet shown the same level of growth. I believe this is a clear sign that we are not in the “altcoin season” right now. However, it is only a matter of time before altcoins start catching up and showing strong movements. If not in a couple of weeks, then maybe around August. But this is not certain either, it is just a guess, your opinion may differ.

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But there is nothing to be happy about here. Bitcoin could also take a correction from here. So instead of getting too excited about the current Bitcoin price increase, we should be cautious and plan for what the next steps might be. Since the crypto market is known for its unpredictable nature, it is wise to do your research and look for solid projects that offer promising returns. Many new projects pop up every day, but not all of them are trustworthy. If you were to look at various exchanges, you would see new coins being launched almost every hour. Sadly, many of them are fake, clones of existing coins, or even created to scam investors. This is why it is important to be very careful before putting your money into any crypto project. One of the first things to look for is the community behind a coin. A well-organized project without a strong, active community is a red flag. Crypto projects grow and gain value not just through technology or hype but through solid support from real people who believe in them.

But one thing to keep in mind is that if Bitcoin price corrects a bit from here, it seems very positive to me because later on, a good reality can be seen in altcoins. Although the rise of BTC is exciting at the moment, you should not believe it completely but you need to do careful research. The time to go into altcoins is not yet. Use this time to study the market, learn about different projects and see how the communities grow. Look for transparency, solid use cases, and fair ownership. The next altcoin season may be closer than we think, and those who prepare wisely now will be in the best position to benefit from it.