The cryptocurrency landscape has been rocked by a sharp market crash, causing notable upheaval among altcoins. The total market capitalization of these digital assets has plummeted to approximately $150 billion, a stark contrast to their previous highs. This drop has not been witnessed since November 2023, raising concerns among investors. However, amidst this backdrop of volatility, renowned cryptocurrency analyst Matthew Hyland remains optimistic about the future of altcoins, suggesting that a recovery may be on the way.·
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