Cryptocurrency trader and analysts warn about the possible price performance of alternative coins in this cycle.
Sherpa, a pseudonymous analyst who has 11,399 subscribers on YouTube, says that altcoins may perform badly during this cycle compared to previous cycles.
Your altcoin may not have done crazy multiplications as it did in the beginning of this year. Your altcoin may not reach the same high as it did in 2020, but your cycle might have ended. .”
“The pseudonymous expert further states,
You can’t just assume that because Bitcoin will go up, your altcoins are going to reach their previous all-time highest levels.
The market has, as I mentioned, changed quite a lot. The market is very different. It doesn’t resemble what it was in 2021. Just because flows are present in one coin does not mean they exist across all coins. We won’t see price movements like these [parabolic] for quite some time. .”
Sherpa says he’s bullish about Bitcoin (BTC), and a few altcoins.
I think Bitcoin will reach $100,000 in the next few months. This cycle hasn’t ended. Altcoins will reach new highs for their US Dollar value, but I am not sure which altcoins. .”
Bitcoin currently trades at $61,101.
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The post Altcoins: Trader Issues a Warning, Says the Market is Not Likely to Witness 2021 Style Euphoria For Many Coins will be updated as new information becomes available.
