Mechanism Capital Founder: Most Altcoins Have Peaked, Except Memecoins

IconCryptoNewsTerminal Staff07 Jul, 2024

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Mechanism Capital Founder: Most Altcoins Have Peaked, Except Memecoins

Andrew Kang, co-founder of Mechanism Capital, a crypto investment firm, recently shared his opinion that altcoins, aside from a handful of memecoins, have likely peaked. He suggests that investors should focus on making purchases during the next cycle when capitulation is strongest, rather than attempting to buy the dip too soon. Kang also expressed his belief that Bitcoin is transitioning into an asset characterized by a supercycle that combines patterns from prior cycles with traits of a maturing macro asset. He suggests that investors focus on buying for the next cycle when capitulation is at its peak, rather than attempting to buy the dip too early.

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