Posted 4/14/2024, 7:04:36 AM
Altcoin Markets See 30% Drop from All-Time High as Bears Take Over amid Too Many New Launches
- Altcoin markets dropped 30% from all-time high of $788.85 billion to $563.85 billion as bears took over after momentum loss
- Too many new altcoin launches depleted demand; supply overwhelmed demand
- Crypto bull market still intact according to analyst Pentoshi; this is just a local top
- Pentoshi expects altcoin market cap TOTAL3 to hold support around $600 billion before recovering to $1 trillion
- At time of writing, TOTAL3 sits at $620 billion
