Is this your last chance to buy XRP and ADA before Trump takes over?

The recent Federal Open Market Committee (FOMC) meeting changed the direction of cryptocurrency markets, with many altcoins seeing significant declines following Jerome Powell’s speech. Over the past 24 hours, many currencies have taken a major hit.

According to analyst Miles Deutscher. Market changes have affected the short-term trajectory, but do not change the overall bullish outlook in the long-term. Currently, Bitcoin’s dominance is increasing, but the market may see a lower top forming, indicating a potential decline for Bitcoin before altcoins start to rally.

Historically, after a correction in Bitcoin, altcoins tend to follow and see significant growth. This could mean a potential rally in altcoins at the end of January, as market patterns tend to align with these cycles.

Many new retail investors panic during market declines, with some expressing fear of holding coins like XRP or DOGE. For those who think the bull market is over, the analyst said it’s important to keep in mind that most bear markets don’t start with a 15-20% correction. Historically, declines like these provide great buying opportunities and can be the best time to position yourself for future gains.

The historical style shows great potential

Lark Davis, cryptocurrency analyst It is believed that the altcoin market is preparing for a major rally. On December 18, the total market cap of altcoins (excluding Bitcoin and Ethereum) was around $1.05 trillion, near the highest level since November 2021. The last time the market reached a similar level was in February 2021, when the market broke out and rose more than once. 200%. Davis believes that once the market cap exceeds $1.13 trillion, we could witness one of the largest altcoin seasons ever.

He also points to several factors driving this potential growth, such as Bitcoin reaching all-time highs, Trump taking office soon, global interest rate cuts, and more money flowing into the market. With these conditions in place, Davis warns that anyone not participating now could miss out on significant gains during the next altcoin rally.