Warning: Final capitulation of altcoins as crypto depression sets in
As the price of Bitcoin (BTC) continues to decline, the rest of the market has followed, ushering in a crypto currency depression and sending alt coins toward their final capitulation phase of the current trading cycle, according to renowned crypto trading expert Michaël van de Poppe. Specifically, van de Poppe said that he had witnessed this part of the cycle before, in 2020, and that alt coins , on which he went all-in one month ago, were now starting to “bleed massively” but that now was the time “that you’d want to risk more,” as per his article on June 17. Altcoins performance. Source: Michaël van de Poppe Echoes of the past Indeed, the crypto analyst said he was not concerned about the current correction and being down on his investments because this was not his first rodeo. In fact, he had gone all-in into the likes of Verasity (VRA), Polygon (MATIC), and Fantom (FTM) in August 2020 during a very long bear market. ...