A cryptocurrency expert, known as Sherpa, is warning investors that altcoins might not see the same kind of explosive growth they experienced in 2021. He believes the market is different now, and many altcoins might not reach new all-time highs.
Altcoins May Struggle to Keep Up
Sherpa, who has a large following on YouTube, says investors should be realistic about their expectations for altcoins. He points out that even if Bitcoin surges, it doesn’t automatically mean altcoins will follow suit. He says the market dynamics have changed significantly since 2021, and we’re unlikely to see the same kind of rapid price increases for many coins.
Bitcoin Still Bullish, But Selective Altcoin Optimism
While Sherpa is cautious about altcoins, he remains bullish on Bitcoin. He predicts Bitcoin will reach $100,000 in the coming months. He also believes some altcoins will hit new all-time highs in US dollar terms, but he’s not sure which ones.
Important Reminder:
It’s crucial to remember that this is just one expert’s opinion. Always do your own research before investing in any cryptocurrency. The cryptocurrency market is highly volatile, and any investment carries risk.
