‘Black Swan’ Event? 60 Percent Collapse Warning for Altcoins!

A well-known altcoin analyst named CryptoCapo pointed out the risk that a black swan event may occur before the US elections.
 ‘Black Swan’ Event? 60 Percent Collapse Warning for Altcoins!
READING NOW ‘Black Swan’ Event? 60 Percent Collapse Warning for Altcoins!

Cryptocurrency markets always carry the risk of encountering unforeseen events, and this is further accentuated by unexpected developments called “black swan” events. Recently, a well-known crypto analyst named CryptoCapo (Il Capo of Crypto) pointed out the risk of a black swan event before the US elections. It is predicted that this event could cause an average price drop of 35 percent in altcoin projects.

Fall expectation for altcoin projects

CryptoCapo expects cryptocurrencies with large market caps to lose between 25 and 35 percent, while altcoins with smaller market caps could experience sharper declines of 40 to 60 percent. This expected decline is considered a “final turmoil” designed to purge less trusting investors from the market. Thus, the groundwork will be set for the start of a potential bull run or altcoin season.

CryptoCapo predicts that altcoins with large market caps such as Ethereum, Binance Coin and Solana will lose between 25% and 35% in value. Assets with small market capitalizations may be hit harder, experiencing a decline of between 40% and 60%. The analyst describes this expected decline as the “final turmoil” and emphasizes that this process will cause less confident investors to exit the market. This situation is seen as preparation for a bull run or altseason in which altcoin prices generally rise.

There are reactions from the cryptocurrency community

Ripple executives, Brad Garlinghouse and Chris Larsen, believe that the next black swan event in the crypto industry could result from a sudden and transformative change. While Garlinghouse states that this could hamper the entire industry, Larsen suggests that a liquidity crisis could have a major impact on the market. Both Ripple executives are of the opinion that the next big event will shape the industry by affecting it in unexpected ways. However, analyst Lana Queen is optimistic that bearish sentiment could point to new all-time highs (ATH). He notes that market sentiment may be in prime condition for a rally, as both CryptoCapo and Cramer are bearish.

In response to this upcoming volatility, CryptoCapo TG advises investors to prepare mentally, diversify their portfolios, and consider a HODL (holding) approach for long-term strategies. Staying informed about macroeconomic conditions and global developments is extremely important as they can greatly influence market sentiment. As a result, the possibility of a sharp decline in the crypto market is real, but it also presents an opportunity for investors to strengthen their strategies and prepare for the big altcoin season ahead.

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