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Analyst: Recent plunge may mark end of cycle, many altcoin projects may never recover from failure
Summary: DeFiance Capital researcher Kyle stated on social media that the current market sentiment resembles the crashes seen during FTX or Celsius collapses. This recent plunge is essentially a cycle-ending event, yet BTC and ETH remain stable. The evolution of the crypto industry is impressive, but altcoins seem to be repeating the same tragic pattern - ...
DeFiance Capital researcher Kyle stated on social media that the current market sentiment resembles the crashes seen during FTX or Celsius collapses. This recent plunge is essentially a cycle-ending event, yet BTC and ETH remain stable. The evolution of the crypto industry is impressive, but altcoins seem to be repeating the same tragic pattern - despite previous warnings, the severity of the situation was unexpected. In conclusion, now may not be the best time to buy the dip, but it is definitely a moment to consider it. Extreme panic has been unleashed, the market is forming a bottom, although there may still be room for further decline. Looking ahead, we are certainly closer to the bottom than the top. Asset selection is crucial at this time, as many projects may never recover.
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Link: Analyst: Recent plunge may mark end of cycle, many altcoin projects may never recover from failure [Copy]
