Crypto even Il Capo of Crypto, one of the most well-known analysts in the world, evaluated the latest situation in the market in his statement.
According to the analyst, there are several factors that could trigger a “black swan” event in the cryptocurrency market before the US Elections. According to the analyst, if such an event occurs before the elections, altcoins may decline by 35% on average. This decrease can be felt between 25% and 35% in large market value cryptocurrencies and 40% to 60% in small market value cryptocurrencies.
Despite such a pessimistic scenario, the analyst also expressed some positive opinions for cryptocurrency followers.
According to the analyst, such a decline scenario could be recorded as the last decline for cryptocurrencies before the start of a real altcoin season. The analyst said that in case such a decline scenario occurs, one should be ready and not be afraid.
Il Capo, who was once one of the most bearish crypto analysts, gave up his views after the last bull rally and announced that he invested in various altcoins.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/efsanevi-analist-il-capo-uyardi-altcoin-sezonu-baslamadan-once-son-bir/
