BTC price decline has led to double-digit losses for altcoin traders. As many cryptocurrencies have yet to reach their yearly peaks, such drops exacerbate losses. What are the current predictions for altcoins according to experts? What insights do cryptocurrency specialists offer for BTC, PNUT, and AAVE Coin?
Has the Altcoin Surge Ended?
Trading volumes have fallen back to the $150 billion level, testing altcoin prices similar to those on the day election results were announced. BTC has dropped to $92,928 in the last 24 hours. Has the rise in altcoins come to an end? Renowned cryptocurrency analyst Michael Poppe claims that the best days are not yet behind us.
“I strongly believe in my altcoin strategy. Despite a 70% drop in my crypto portfolio, the fundamentals remain unchanged. They are irrationally undervalued and will perform better by 2025.”
Daan Crypto Trades compares the current BTC price to historical data. He considers the fluctuations in BTC price to be normal and argues that the real downturn is not yet upon us.
“BTC year-end price movements have typically been volatile. This year is no different. We expect it to remain volatile until the new year, after which liquidity will return, likely leading to stronger movements.”
Those comparing last year to today advise investors to stay calm. Meanwhile, Hayes anticipates a more significant crash on January 20, predicting that Trump’s influence will drive markets higher.
Insights on PNUT and AAVE
Ali Charts has been suggesting that the recent losses in altcoins are temporary. In today’s assessment, he focuses on AAVE Coin, highlighting the significance of breaking the $342 resistance level.
“AAVE seems to be forming an Adam & Eve pattern, and if it surpasses the $342 resistance, it indicates a potential 19% breakout!”
The analyst predicts a new attempt to reach the $410 levels. Lastly, Altcoin Sherpa mentions that while PNUT Coin has languished at low levels, a recovery is on the horizon. He states that the price is at a low point, indicating an imminent rise to $0.79.
Of course, none of these predictions guarantee future outcomes, as cryptocurrencies are full of surprises.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
