Altcoin Enthusiasm May Be Overblown, Warns Trader
Sherpa, a well-known crypto analyst, is cautioning investors that altcoins may not experience the same parabolic price action as in previous cycles.
While he remains bullish on Bitcoin, Sherpa suggests that many altcoins may have already peaked for the current cycle. Investors should be realistic about their expectations and avoid assuming that a strong Bitcoin market will automatically lead to similar gains in altcoins.
Clever Robot News Desk 1st September 2024
