Crypto Kemal: Altcoin Season Will Favor Value-Creating Proj…

Crypto Kemal, a prominent figure in the Turkish crypto community and co-founder of Ninja Squad, addressed questions from Coinkolik at the Ninja Connect event hosted by Paribu. He discussed the launch of their NST token and the current market conditions.

The event saw strong participation despite challenging market conditions, with attendees traveling from various cities. Kemal highlighted the sense of community, noting many attendees had connected online for years. He emphasized the value proposition of NST, stating it’s a sustainable project providing valuable market analysis for holders, even during downturns, and boasting a low supply.

Regarding the market, Kemal attributed recent volatility to a $250-300 billion liquidity freeze due to the U.S. government shutdown and a lack of interest in crypto due to a strong Nasdaq bull run. He anticipates a market rebound by mid-October, with a potential for a rise in the first quarter if liquidity constraints are lifted, but cautioned that “the market owes no one a rebound.”

Kemal has shifted his portfolio towards established coins like Ethereum and Solana, acknowledging that previous focus on smaller altcoins yielded poor results. He advocates for diversifying investment portfolios to include assets like gold, stocks, and crypto, as well as cash.

The event also addressed the significant market crash on October 10th, which Kemal characterized as a major failure with potential repercussions for market makers, suggesting a lack of investor protection. He remains optimistic about future price cycles within the crypto market, predicting increased demand for stablecoins, blockchain networks, and associated projects.

Kemal advises that investors conduct their own research as this article is not financial advice.

Source: www.coinkolik.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.