Cryptocurrency Analysis: Total Altcoin Market Facing 'Make or Break' Moment
CryptoNewsTerminal Staff03 Aug, 2024
Cryptocurrency Analysis: Total Altcoin Market Facing 'Make or Break' Moment
Popular crypto analyst Michaël van de Poppe recently shared his analysis, noting that while the total altcoin market capitalization has been trending down for two consecutive days, the larger altcoins by market cap are holding steady. He suggests that the total altcoin market capitalization is still within a range and will face a critical "make or break" moment in the coming weeks. This analysis aligns with the broader trend in the cryptocurrency market, which has seen a period of consolidation following a period of rapid growth. The total cryptocurrency market capitalization is currently hovering around $1.5 trillion, with Bitcoin and Ethereum accounting for over 60% of the market share. As the cryptocurrency market continues to mature, it is becoming increasingly important for investors to conduct thorough research and analysis before making investment decisions. By staying informed about the latest market trends and developments, investors can make more informed decisions and potentially increase their chances of success in the cryptocurrency market.
