Bitcoin and Altcoins Face Uncertainty Ahead
• Bitcoin (BTC) prices have already priced in the upcoming halving event and may see a correction soon, making it a risky long-term investment.
• Binance Coin (BNB) faces headwinds as its parent company Binance deals with legal issues, fines, and accusations, putting BNB at risk.
• As a meme coin without a supply cap, Dogecoin (DOGE) relies heavily on popularity and trends to drive up prices, making it better for short-term speculation.
• Financial bubbles and overenthusiastic speculation on assets lacking fundamentals have repeatedly occurred throughout history, from tulips to dotcom stocks.
• While crypto offers high returns, it also comes with higher risks, so investors should prune their portfolios and analyze which cryptos to sell off.