🚀🚀Famous Founder Says 98 Percent of Altcoins Are Bullish: Only These Can Peak! 🚀🚀

Andrew Kang, the founder of Mechanism Capital, one of the important names in the cryptocurrency industry, made important statements about the altcoin market in a post dated July 7. Kang made strategic evaluations regarding the continuation of the altcoin cycle and made important warnings to investors.

Kang emphasized that one of the biggest mistakes is buying too early during declines, and noted that corrections can often be long and deep, beyond expectations. Therefore, he emphasized that this detail should be taken into consideration when buying for the next bullish cycle.

Referring to the potential for altcoins, other than meme coins, to see new peaks, Kang drew a hopeful scenario for the last quarter of 2024 and the first quarter of 2025. However, he stated that these increases may be specific to only a few projects and only a few among thousands of projects can repeat this success. Pointing out that the remaining altcoins have probably passed their peak, Kang emphasized that Bitcoin has strengthened its position as a super cyclical asset and has shown significant maturity in this process.

This analysis by Andrew Kang is an important guide for investors who want to make strategic investment decisions in the cryptocurrency market.

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