Ethereum’s increasing edge over Bitcoin might trigger a renewed phase for altcoins. In particular, metaverse tokens like MANA and GALA are exhibiting signs of a recovery that could hint at a market turnaround.
The current market conditions suggest that a potential revival of metaverse altcoins is plausible, yet caution remains necessary. My experience investing in similar sectors indicates that market momentum can shift rapidly, driven largely by new innovations and regulatory clarifications. Although tokens like MANA and GALA appear to be on a recovery path, investing now should be accompanied by comprehensive research on both the broader market trends and specific fundamentals of each token. Overall, while early signs point to a possible upturn in late 2024, the inherent volatility of altcoins means that periodic reassessment of one’s investment strategy is advisable.