Notorious Analyst: This Altcoin Is Imitating a Previous Rally Pattern!
In a market dominated by uncertainty, an analyst with a large following says he expects a rally for an altcoin on his radar.
World of Cryptocurrency
In a market dominated by uncertainty, an analyst with a large following says he expects a rally for an altcoin on his radar.
The cryptocurrency market seems to be preparing for a new shock on the prices of certain tokens. While a large token expansion into the market is expected next week, 6 cryptocurrencies, including AGIX coin, continue to face increasing supply pressure.
Avalanche (AVAX) surprised its investors by dropping nearly 10 percent in the last 24 hours.
Analysts talking about Bitcoin, which has been moving downwards in recent days, explained the conditions required for the rise.
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
Bitcoin’s blockchain bandwidth usage exceeded 90 percent for the first time since the 2024 halving.
A prominent analyst assumes that a number of tokens will be hit by a sharp sell-off and believes that an altcoin project is on the verge of collapse.
As the cryptocurrency market falls under selling pressure, some top analysts say the time for a new altcoin pump is approaching.
Binance, the world’s largest cryptocurrency exchange, made important announcements regarding 4 altcoin projects.
FinCEN noted the increasing use of various cryptocurrency assets to support Mexican drug trafficking.