ETH, ADA, SOL triggers "Altcoin Rally" but Investors should be Wary
The last couple of days has been characterized by Altcoin rallies. Right from old and prominent names like Cardano, Solana, and Zilliqa to comparatively newer ones like Lido DAO and Gala, a bunch of them managed to grab the limelight turn by turn. Daily returns over the short term have fetched investors gains in the 30%-80% bracket. As a result, crypto media is starting to get flooded with tweets and mentions including the terms like “Alts,” “Altcoin,” “ Altcoins ,” and “ Altcoins eason.” With assets rallying, “Altcoin FOMO” is taking off in the market. According to Santiment, this is more like a precautionary warning. Pointing out why it isn’t an ideal time to step into the market, its analysis report noted, “… when we see Altcoins being mentioned as prices are rising, it usually means the crowd has recognized that Altcoins are pumping and are trying to FOMO in. The result is usually that a top fo...