Suche
Crypto collapse threatens: 99% of old coins are in front of the abyss!
A crypto analyst warns of 99% of old coins. Bitcoin remains stable while the market consolidates.
Crypto collapse threatens: 99% of old coins are in front of the abyss!
A well-known crypto analyst warns investors in the cryptocurrency market of a threatening decline. The pseudonymous dealer Altcoin Sherpa, which has over 255,400 followers on platform X, predicts that 99% of the old coins will experience a strong downward movement in the near future. This development could be followed by a subsequent consolidation phase that may end in a striking increase in December or January. However, Sherpa makes it clear that his theory becomes invalid when Bitcoin (BTC) exceeds the $ 120,000 mark.
Bitcoin is currently being traded at $ 111,497 after it has fallen by 2% in the last 24 hours. Sherpa describes the market development that is expected for the majority of old coins: While 99% of the old coins suffer for a short time, main currencies and digital assets that are associated with the digital asset treasury (dat) will remain stable. Altcoins who have lost value for a long time, such as Fartcoin (Fartcoin) and Pengu, are likely to be the first to recover. In contrast, it is expected that newer old coins show weaker recreational approaches.
Market analysis and forecasts
The analyst assumes that large market meme assets will do better than fundamental digital assets. This assessment could be important for many investors who want to be clear about the stability and growth potential of certain old coins. It remains to be seen how market development will develop in the coming weeks.
The upcoming challenges in the Altcoin sector raise questions and ensure uncertainties among investors. The consolidation phase lasting several weeks could possibly be used as an opportunity for a strategic investment decision, while investors should observe the developments closely. Sherpa emphasizes that the stability of Bitcoin will be decisive in this phase to influence the entire market.
The economic influencing factors and the actual movements in the market make it essential to prepare for the next few weeks. The experience of the last crises in the cryptom market could offer valuable lessons for investors while taking the current warnings seriously.