Cryptocurrency analyst calls investments in almost all cryptocurrencies unwise

A well-known bitcoin trader, Cruto Feras, advised his followers on platform X not to invest in most cryptocurrencies. In his opinion, 99% of altcoins do not survive more than one market cycle. Only the flagship cryptocurrency will be trustworthy, said Mr. Feras.

This is why you DON'T invest in OLD Coins

99.99% of #Altcoins never make it vs. #BTC more than a single cycle

1st cycle is where project team/VCs and whales hold & sell to retailers
2nd cycle is nothing more than an echo bounce led by poor retailors like ourselves pic.twitter.com/FPH1XZVqar

— Crypto Feras  (@CryptoFeras) September 16, 2023

Feras also emphasized the trajectory typical of altcoins: in the early stages, project teams, venture capitalists, and influential investors often accumulate coins to sell to individual investors. This is how the end of their price rally is formed during the first cycle. Feras characterizes the second cycle as an «echo» supported by unexplored retail investors. Ferak’s statement was a reminder of the volatility and risks inherent in the cryptocurrency market.

Matrixport analyst Біллі Маркус" href="https://noworries.media/biography/billi-markus/" data-bio-id="3704">Marcus Thielen also believes that altcoins are facing an apocalypse. The expert recently published a report on cryptocurrencies titled «The Coming Collapse of Altcoins.» The crypto expert predicts a huge fall of Ethereum and other virtual coins.

The crypto expert emphasized that if ETH falls below $ 1500, the digital asset could eventually drop to $ 1000. «A decline below $ 1500 could bring back the idea that Ethereum could fall to $ 1000, a level that would seem justified based on the revenue forecast for the Ethereum ecosystem,» Thielen emphasized. However, according to the analyst, a return to the $ 1000 level for ETH is unlikely unless bitcoin falls to the minimum levels of the cycle that it reached after the FTX crash.