The once-sizzling altcoin market is facing a harsh reality check. Prices have plummeted a staggering 40-90% in recent months, mirroring past crashes but with a glacial pace that’s leaving investors numb. Renowned crypto analyst Daan Crypto sees this as a necessary correction, albeit a slow and potentially painful one. Related Reading: Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess Echoes Of Crashes Past, But With A Muted Roar Seasoned crypto veterans might be experiencing a sense of deja vu. The scene: altcoin prices in freefall, portfolios hemorrhaging value. The twist? This bear market, while no less brutal in its outcome, lacks the ferocious speed of its predecessors. Unlike the gut-wrenching plunges witnessed during the 2020 pandemic crash, the current decline is a slow burn, dragging on for months. While the current situation might seem bleak, there’s a crucial distinction from past crashes, explains Daan Crypto. The drops are significant, but they’re happening at a slower pace. This could indicate a more drawn-out correction phase for the market. At this point alts have ..
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