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Ansem, an anonymous cryptocurrency analyst with about 450,000
He said on the 19th (local time) through Although altcoins have already fallen, I think they will remain flat or fall until the end of the third and fourth quarters. Of course, we cannot rule out the possibility that BTC and SOL will fall like other altcoins in this scenario. “I think it is very unlikely that the dollar will fall to new highs,” he analyzed.
this may be helpful for people to see different altcoin charts & where we are currently at
— Ansem 🧸💵 (@blknoiz06) June 18, 2024
charts like 1) 2) $BTC $SOL - have not broken beneath March lows, can still make argument for sideways consolidation before next leg up
3) $AVAX (most alts) breaking down beneath March… https://t.co/AwFwzg6cip pic.twitter.com/EtV4A1YToV
However, Andrei Grachev, co-founder of DWF Labs, a cryptocurrency market making company, predicted, “Once Bitcoin stabilizes, altcoins will show strength in the coming months.”
Famous cryptocurrency analyst Michaël van de Poppe also recently argued through X that “now is the last opportunity to buy altcoins at low prices.”
He said, "After the Bitcoin halving, some cryptocurrencies such as Solana hit record highs, but most altcoins were quiet. The Ethereum (ETH) spot ETF is likely to begin trading at the end of this month or early July, and accordingly, altcoins Most venture capital (VC) funds and investments are being made in the ETH ecosystem, while ETH is 20-30% lower than the 2021 peak, and most altcoins are. “It is 50-80% lower, and we have decided to take more risk in our portfolio in the future and will purchase altcoins with high potential,” he emphasized.
