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A popular cryptocurrency analyst warns investors about Cardano (ADA) and new altcoin project Aptos (APT).
pseudonymous analyst known as Pentosi Warning His 623,200 Twitter followers say ADA may drop another 50% and never recover.
“ADA now loses lights out level and goes where coins go when they die. Prob got -50% from that breakdown level in my opinion. And I never picked it In December-January, I posted almost a few alternative charts like this, including Solana and Ethereum.
Pentosi, who turned his attention to Aptos, commonly known as “Solana Killer”, To tell Investors should stay away from new projects that are steadily declining in value.
Personally stay away from Aptos. Btw).In the short term there can be some volatility but in my opinion the chart will look something like this over time.Let time and price prove otherwise .”
Pentosi is also a heavyweight in the overall crypto market and has taken a bearish position.he To tell Cryptocurrency exchanges are losing users and as a result less money is being put into cryptocurrency projects.
So do what you want.
While Pentosi To tell He believes that the current prices of many cryptocurrencies are worthwhile, unsustainable, and that new lows may come.
Are these probably long-term values? I have to guess yes, and many of them will be forced to sell to cover unemployment, inflation, etc.
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Featured image: Shutterstock/gg_tsukahara/Mingirov Yuriy
