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.

READ MORE:

Bitcoin Whale Resurfaces After 10 Years with Almost $30M in Assets

He 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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.