According to @AltcoinGordon, the recent 30% to 40% drop in altcoin prices in August 2024 mirrors previous cycles where significant Q3 dips were followed by 5x to 10x recoveries by Q4. The author emphasizes that while further short-term declines are possible, historical patterns suggest much higher altcoin prices by the end of 2025. This analysis points to current market conditions as a potential strategic accumulation phase for traders aiming to capitalize on future rallies. Source: @AltcoinGordon.

According to Miles Deutscher, while the cryptocurrency market is positioned for a significant rally in Q4, traders should be prepared for short-term volatility. Deutscher highlights the importance of having a flexible trading strategy in the coming weeks, suggesting that choppy price action may dominate the near term before a broader uptrend emerges. Market participants are advised to stay adaptive to capitalize on both the anticipated rally and interim fluctuations, as discussed in his recent market update with ParadiseXBT_ (source: @milesdeutscher).