Analyst Warns 90% Altcoin Value May Drop 99%
The forecast from an unnamed analyst cautions against sustained investment in altcoins. Leveraging past crypto cycles , this view challenges the ongoing bullish sentiment surrounding digital currencies.
Without official statements, the prediction underscores concerns regarding altcoins’ future viability. The analyst emphasizes historical challenges faced by lesser-known tokens during market contractions.
Bitcoin, Ethereum Seen as Safer Amid Altcoin Risks
A potential altcoin collapse could significantly affect holders, prompting shifts in market behavior. Larger tokens like Bitcoin and Ethereum may witness increased demand as safer investments.
Financial markets could see notable shifts in liquidity flows, with major coins gaining traction as altcoin investments decline due to heightened risk perceptions.
Past Crypto Cycles Suggest Altcoin Volatility
Previous market cycles, such as in 2018 and 2022, saw substantial altcoin downturns post-bull run. Analysts expect similar patterns may occur, reflecting past volatility.
Market dynamics and historical precedents suggest a possible redirection of capital to stable cryptocurrencies, with a focus on preserving value during speculative busts.
Robert Kiyosaki, Author Financial Commentator, remarked, “I have been investing in gold, silver, and Bitcoin. Silver is about to explode 2X in price … I predict from $35 today to possibly $70 by 2026.”
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