Analyst Predicts Significant Altcoin Decline Before Potential Rally
Crypto analyst il Capo of Crypto, a prominent figure in the cryptocurrency community, shared his latest insights regarding altcoins, forecasting a potential decline before a new rally could begin.
He stated that altcoins could experience further losses ranging from 20% to 40%, which might then set the stage for an altcoin season.
In his analysis, il Capo suggested that Bitcoin would likely be the least affected asset, with a potential drop of around 15%, and projected that its price could reach between $80,000 and $85,000.
However, he acknowledged the possibility of a sudden market drop, with price fluctuations potentially dipping lower.
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Bitcoin Whale Resurfaces After 10 Years with Almost $30M in AssetsHe further predicted that the most resilient altcoins could fall by 20% to 30%, while weaker altcoins may face even steeper declines of 30% to 40%.
Memecoins, in particular, would bear the brunt of the downturn, with drops of up to 50% to 60%.
Despite not wishing for such a scenario, il Capo emphasized that market outcomes are driven by forces beyond individuals’ control, urging followers to brace for whatever may come.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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