A urgent warning has been sent to altcoin holders, with forecasts of a huge fall occurring before the market rebounds. With customers flocking to cryptocurrencies all around the world, the voice of reason comes from seasoned advisers in the field. What is the cause of this bleak outlook, and what should altcoin investors do right now? Let’s get started.
Altcoins on a shaky foundation Altcoins may fall further 40-50% in comparison to Bitcoin, according to the analysis of renowned crypto pundits Ran Neuner, host of Crypto Banter, and Benjamin Cowen, a well-known cryptocurrency expert.
A urgent warning has been sent to altcoin holders, with forecasts of a huge fall occurring before the market rebounds. With customers flocking to cryptocurrencies all around the world, the voice of reason comes from seasoned advisers in the field. What is the cause of this bleak outlook, and what should altcoin investors do right now? Let’s get started.
Altcoins on a shaky foundation Altcoins may fall further 40-50% in comparison to Bitcoin, according to the analysis of renowned crypto pundits Ran Neuner, host of Crypto Banter, and Benjamin Cowen, a well-known cryptocurrency expert. This gloomy perspective is based on current trends and historical knowledge, making it a significant source of concern for those who possess various digital currencies.
For those who are heavily engaged in various digital currencies, the projection of a 40-50% collapse prior to any recovery isn’t just academic speculation; it’s a real and immediate issue. Traders must make the difficult decision of exchanging their altcoin holdings for Bitcoin and ETH or retaining them in anticipation of a better future.
Regardless of the bleak picture, Neuner has highlighted some cryptocurrencies as having intriguing risk-reward performances with low fundamentals. Ethereum, for example, was mentioned as a possible option, providing a glimmer of hope inside an otherwise grim outlook.
The consultants’ outlook is neither completely negative nor overly optimistic.
