Crypto Analyst: Potential 50% Drop Could Put Altcoins on Flash Sale
During Bitcoin’s 2019 bull rally, have mostly suffered, struggling to regain lost ground in USD value and dropping further in their relative ratio against BTC.
The allure of a potential “alt season” has crypto investors buying every dip, however, one crypto analyst claims that a flash sale may be ahead in the crypto market, where altcoins like , Ripple, , and others drop another 50% in value.
Altcoins May Drop Another 50%, Bottom in November According to Crypto Analyst
Altcoins have had it hard in 2019. While there are a few standouts such as Litecoin that saw over 600% gains at one point due to its pre-halving hype pump, and Chainlink, most altcoins have only fallen lower in terms of their USD and BTC values.
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With Bitcoin rising to new 2019 highs and possible embarking on its next bull run, altcoins have been and crypto investors dump their declining altcoin holdings in fear of missing out on Bitcoin bull run gains.