IlCapoofCrypto,oneofthemostwell-knownanalystsinthecryptocurrencyworld,evaluatedthelatestsituationinthemarketinhisstatement.
Accordingtotheanalyst,thereareseveralfactorsthatcouldtriggera“blackswan”eventinthecryptocurrencymarketaheadoftheUSElections.Accordingtotheanalyst,ifsuchaneventweretooccurbeforetheelections,altcoinscouldexperienceanaveragedropof35%.Thisdropcouldbefeltinmagnitudesof25%to35%forlarge-capcryptocurrenciesand40%to60%forsmall-capcryptocurrencies.
Despitesuchapessimisticscenario,theanalystalsoexpressedsomepositiveviewsforcryptocurrencyfollowers.
Accordingtotheanalyst,suchabearishscenariocouldberecordedasthelastdeclineforcryptocurrenciesbeforethestartofarealaltcoinseason.Theanalystsaidthatincasesuchabearishscenariooccurs,oneshouldbereadyandnotbeafraid.
IlCapo,whowasonceoneofthemostbearishcryptoanalysts,gaveuphisviewsafterthelastbullrallyandannouncedthatheinvestedinvariousaltcoins.
*Thisisnotinvestmentadvice.
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