ETH - Altcoin Apocalypse: Crypto Expert Warns Of $60B Market Crash That Could Affect Dogecoin Shiba Inu Toncoin And Others | Benzinga
Ahead of the much-anticipated Benzinga's Future of Digital Assets conference, renowned crypto analyst Nicholas Merten has shared his insights on the altcoin market's trajectory, suggesting a possible downturn, indicating that altcoins might be heading towards their fourth lower high since May.
In a YouTube video this week, Merten observed, "Altcoins have marked a fourth lower high since May. We might see a dip back into the $150 billion range by October, translating to a $60 billion decline. This could mean a further 25% correction, even after the recent altcoin setbacks.”
He also shed light on Ethereum's (CRYPTO: ETH) price trends, pointing out multiple unsuccessful attempts to breach the $2,000 mark. "ETH has faced three failed breakouts at the $2,000 ...