🔥 Your Altcoin Can Potentially Fall MUCH Further: WARNING! 🚨

١١ أكتوبر ٢٠٢٣

In this analysis I want to take a look at a dire market outlook which is not even that far-fetched. We should talk about the possibility of the altcoin marketcap (TOTAL3) falling another 50%, which would mean that the average altcoin will lose around 50% of its value from this point until the bottom.

Back in 2018, TOTAl3 fell around 92%, while it has only fallen by 75% this bear market. The difference seems small, but if we were to fall towards a 92% top-to-bottom decline this bear market, it would mean we had to fall another 70% from this point onwards.

I'm a big believer in the law of diminishing returns when it comes to crypto, but a mere 75% decline seems too little for me.

There's some bad news on the horizon which can make the altcoin marketcap decline by another 50%.
- Rising Bitcoin dominance.

- Rising bond yields

A 50% crash from this point would bring the top-to-bottom decline to 85% (bottom yellow area). This would seem to be more in line with the diminishing returns hypothessis.

Do you think we will crash more from this point? Share your thoughts and charts.🙏