How do you choose altcoins during a sharp market downturn? Don’t just watch the top gainers!
If you’re looking for opportunities to buy the dip after a crash, consider coins on the biggest losers list, such as UNI, PONS, and ENA, instead of blindly chasing coins that are still performing strongly. Some of these strong performers may only be holding up temporarily and could still catch up on the downside once the broader market stabilizes.
A sharp downturn is also a chance to gauge which coins are stronger than others: if the broader market plunges but a particular coin falls only slightly, it may be relatively resilient and worth looking into further.
If you’re looking for opportunities to buy the dip after a crash, consider coins on the biggest losers list, such as UNI, PONS, and ENA, instead of blindly chasing coins that are still performing strongly. Some of these strong performers may only be holding up temporarily and could still catch up on the downside once the broader market stabilizes.
A sharp downturn is also a chance to gauge which coins are stronger than others: if the broader market plunges but a particular coin falls only slightly, it may be relatively resilient and worth looking into further.