Suche
Mein Konto
Crypto collapse threatens: 99% of altcoins are on the brink of collapse!
A crypto analyst warns of a decline in 99% of altcoins. Bitcoin remains stable as the market consolidates.
Crypto collapse threatens: 99% of altcoins are on the brink of collapse!
A well-known crypto analyst is warning investors in the cryptocurrency market of an impending decline. Pseudonymous trader Altcoin Sherpa, who has over 255,400 followers on Platform X, predicts that 99% of altcoins will see a strong bearish move in the near future. This development could be followed by a subsequent consolidation phase lasting several weeks, possibly ending in a significant increase in December or January. However, Sherpa makes it clear that his theory will be invalidated if Bitcoin (BTC) crosses $120,000.
Currently, Bitcoin is trading at $111,497 after falling 2% in the last 24 hours. Sherpa describes the market development expected for the majority of altcoins: While 99% of altcoins will suffer short-term declines, major currencies and digital assets associated with the Digital Asset Treasury (DAT) will remain stable. Altcoins that have been losing value for some time, such as Fartcoin (FARTCOIN) and PENGU, are likely to be the first to recover. In contrast, newer altcoins are expected to show weaker signs of recovery.
Market analysis and forecasts
The analyst expects major market meme assets to outperform fundamental digital assets. This assessment could be important for many investors who want to be clear about the stability and growth potential of certain altcoins. It remains to be seen how the market will develop in the coming weeks.
The upcoming challenges in the altcoin sector raise questions and cause uncertainty among investors. The several-week consolidation period could potentially be used as an opportunity to make a strategic investment decision, while investors should closely monitor developments. Sherpa emphasizes that the stability of Bitcoin in this phase will be crucial in influencing the entire market.
The economic factors and the actual movements in the market make it essential to prepare for the next few weeks. The experiences of recent crypto market crises could offer valuable lessons for investors while taking current warnings seriously.