This time, we can see a lot of fear in the market, and this is not me who is saying this; rather, you can go through the Fear and Greed index, where you can see that the number is 33, which is more about fear and not greed. This is a useful metric in the market to figure out how things are going so when the number is high it means there is a lot of greed and that is the time when we can expect more value appreciation however when the number goes down it reflects the fear and obviously it is the time when a lot of people are looking for the option to sell out that brings the prices down.
I keep on checking this metric time to time to see how things are moving in the market, and this time it is really not good for the sellers, but yes can be a good opportunity for the people who want to enter the market or people who want to invest for better profitability in the long run. If you are new to the market, then now is the best time because the prices are down. However, again, this is not financial advice, so if you are planning to do this, I highly recommend that you to go through your research and study before you choose to invest.
I hope this situation will improve but it might take some time which can be next few weeks and probably next few months also however it is anticipated that by end of this year things will be at better shape and a lot of people are speculating that the market will be bullish and we are going to enter the Alt Bull rally in this market in this quarter.
Let's see how it goes and how these turn out to be when the fear is gone and greed is on. If that happens, we will surely see a good price appreciation coming to the market, and that is what we are all waiting for.
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