Altcoin Bottom Near, Early Investors Could Earn Huge Profits: Analyst

• According to analysts, when the altcoin index is below 25 then it is a buy signal.
• The prevailing fear within the altcoin market augers well with a bigger rally.
• There are historical precedents that early holders may gain 10 times their investment.

Merlijn The Trader, one of the most famous traders, believes that a significant change is brewing in the altcoin market, and it could potentially be what will usher us in a “new altseason.” 

He indicated that the Altcoin Index has fallen to less than 25, which is a pointer to a situation of intense fear in the marketplace. Historically, this level has often been followed by strong rallies, and Merlijn reminded followers that when sentiment is this low, it’s usually the best time to buy. 

“Everyone’s calling for lower, but 99% is always wrong,” he wrote, encouraging patience and confidence. He further explained that this is the same market condition in the past, which paid as much as 10 times the money invested for those who were early enough.