Altcoin Prices Can Decrease Up To 50% of Current Prices
As per the advice from @actnearn, I have monitored the information at Santiment.
Various crypto data available. in the Santiment channel has good data to analyze. So I am interested in discussing the development of the values available at Santiment .
During the Bullish Bitcoin trend in 2019, most of the prices of altcoin fell against BTC and USD.
The allure of "Alt Season" has the potential to make crypto investors buy every drop, however, one crypto analyst claims that flash sales may occur on the crypto market in the next few months, where top altcoins such as Ethereum, Ripple, Litecoin, and others have a potential impairment of up to 50%!
Altcoin has experienced difficulties in 2019. Although there are a number of standouts such as Litecoin which experienced more than 600% growth at one point due to its pre-Halving sensation pump, and Chainlink, most of Altcoin only dropped lower against the USD and BTC.
Bitcoin rose to its highest level in 2019 compared to other coins and is likely to begin the next increase, Altcoin has actually given up, where crypto investors are throwing away their declining Altcoin ownership and for fear of being left behind by Bitcoin Bull-Run.
In the past, once Bitcoin started, Altcoin also skyrocketed and outperformed Bitcoin, resulting in "Alt Season". The promise of an increase from Alt Season keeps crypto investors continuing to buy at low prices, even when they reach new lows.
A popular crypto analyst, Roger Quantrillo, via his Twitter account said that he believed there was at least one more 50% decrease in Altcoin before they rose at the bottom of the Up Channel that had been included in the Altcoin market capitalization since it first started.
