Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: SRShanuka2020 on May 17, 2020, 01:01:16 PM

Title: Altcoins Headed For A Nauseating Capitulation As Bitcoin Strengthens: Analyst
Post by: SRShanuka2020 on May 17, 2020, 01:01:16 PM

Altcoins Headed For A Nauseating Capitulation As Bitcoin Strengthens: Analyst

(https://i.imgur.com/XjIsd4d.jpg)

The crypto market has rebounded sharply from the mid-March lows, but the altcoin market activity in recent days suggests that altcoins could be in for a brutal correction soon.

Despite desperate hopes for an altseason, one analyst thinks altcoins are likely headed lower than anyone could have imagined, as bitcoin’s dominance grows from strength to strength.

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Title: Re: Altcoins Headed For A Nauseating Capitulation As Bitcoin Strengthens: Analyst
Post by: masterrex on May 17, 2020, 05:10:26 PM

I think the analysis is true and it's already happening now, those altcoins with lower capitalization are starting to bleed a day to day basis. as the Bitcoin Cap supremacy continued to increase. but those altcoins with high capitalization will survive the purge since it has sufficient market cap to back up while the rest is continued to bleed its market capitalization.