"98 percent of altcoins have peaked," said Kang: Only they will peak. While a significant part of the cryptocurrency world is waiting for Bitcoin and then altcoins to enter a period of rise, Andrew Kang, founder of crypto investment company Mechanism Capital, says altcoins will peak at 98%. He claimed that most of them have now reached their peak. Kang said that he thinks the altcons that can reach new peaks in the coming periods will be meme coins.
The total market cap is just over $2 trillion. The 2021 peak is 4 trillion dollars. Many coins could not even reach the old ATH level. Many countries are struggling with inflation and implementing tight monetary policies. Many analysts and some crypto commentators predict an inflow of 10 to 12 trillion dollars into the total market. Bitcoin has not even reached 100 thousand dollars yet. If you ask this person tomorrow, he will say that meme coins are garbage, and that's the same in my opinion. Don't listen to these people. The Fed will reduce interest rates, the Ripple case will be concluded and the Ethereum ETF process will be completed. There are presidential elections in America, the Russia and Ukraine crisis continues. The dollar is losing value in the global economy, Brics supports cryptocurrencies. In other words, an environment is being created to write a good story for cryptocurrencies. The halving still hasn't made its impact felt. If the bull is over, would El Salvador be a sucker to buy bitcoin every time it drops? The teams of some projects are working seriously and the development processes are continuing. What do meme coins do? This doesn't work with the community. Corporate interest is important. With your 2-3 thousand dollars, the market will neither rise nor fall.
YTD
