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.

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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