Altcoins are going down hard in Bitcoin value. Some are even down 50% in 2 weeks.

Are we currently seeing capitulation phase on altcoins? I think so. Altcoins are not going away and will pump again. Good project always will.

Remarkable is how hard Bitcoin is destroying alts:
Vechain announced a partnership with Walmart China that Walmart China integrated the Vechain blockchain into its food supply platform. Vechain pumped from 63 sats to 99 sats and went all the way back.

Last week chainlink announced an integration with Google Cloud and yesterday they announced an exciting project with Oracle. The price also pumped temporarily but went all the way back.

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30 COMMENTS

  1. Quinten what do you think about cxo? Seems the project itself has developed loads over the past 18 months but price just keeps trickling lower and lower no matter what. Do you still hold?

  2. Neo for example also brought 4x.ltc more then 5x. ada 3x. ethereum even more ( don't have much of it though). so , I don' t understand why everyone talks that alts are in deep ass. Everything is doing well)) time to buy more alts while they have that smaller cap then btc.

  3. What makes me laugh about this space is people say the smart money going into BTC; however, based on real life use case and superior tech (not speculation pump dump crap tech), the dumb money is to invest in BTC just because it has a famous name. For example, compare XRP and
    Cardano to BTC is like comparing Apple Mac and Microsoft to the first Atari crap computer that was ever invented. I really hope the big investors get smart and stop investing in shit. Furthermore, POW is dying.

  4. My opinion is BTC peaks in July and dumps fast. If it's going to $20K right now it hits it in July. I assume it finds support at $10K. BTC $100K+ happens at the end of the year. I expect alts to explode violently to the upside when BTC dumps next month. That's my two Sats.

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