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Popular cryptocurrency analyst Jason Pizzino predicts further losses even after the altcoin market valuation plummeted from a peak of over $900 billion in late 2021 to around $200 billion today.
In the new video, Pizzino has 276,000 YouTube subscribers and the current market capitalization of crypto assets, excluding Bitcoin, is $221 billion (Bitcoin), Ethereum (ethereum) and stablecoins could fall further as the recession threatens to last into next year.
“This is something I’ve been talking about a lot since it started to collapse from major swing levels looking at the downside of crypto basically reaching the final dump surrender low price that I expected A major 50% of the $550 billion with stablecoins included in the altcoin market cap.
This is what we’ve been talking about, somewhere between about $80 billion and $100 billion, about $180 billion to $200 billion upside. That’s not too far away, if you move cautiously from around $220 billion to the top of this zone. This fell by about 23% to reach about 170 billion, matching the previous top spot in 2018.
Analysts say the altcoin market could plunge by 20% to 60% soon, and a crash could occur anytime within the next 12 months.
Somewhere between 20% and 60% will see some kind of dump while Bitcoin begins to regain its power and reassert itself as king, and while Bitcoin begins to reassert itself as king, the hypothetical That’s what I expect the currency to do in its eventual surrender take off this is what I expect of cryptocurrencies altcoins probably in the next month to 12 months in the near term time frame , but then grind for a longer period.”
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