Altcoins Facing Downward Trends Towards All-Time Lows
Discussion about potential liquidation and value of alt coins.
00:00:00 In this video, the speaker discusses the current state of altcoins and mentions some relevant products. They caution that many coins are headed towards all-time lows and emphasize the importance of considering long-term investments.
🔑 There are several altcoins that are performing poorly and are close to their all-time lows.
📉 Bit W offers the most alt exposure with a significant discount, but there are trade-offs and uncertainties regarding how they calculate their AUM.
📈 Bitcoin dominance remains around 50% and the winds are headed towards an eventual spot Bitcoin ETF, suggesting a bullish outlook for Bitcoin.
💰 The alt market cap, excluding Bitcoin and Ethereum, is consolidating and may break the low due to many coins being at or below their all-time lows.
💼 Fundamentals are often overlooked in a bull market.
00:02:51 A discussion about the potential decline of altcoins in a bear market, the importance of ecosystem development, and the impact of vesting schedules and selling pressure.
In a bear market, the inflation and emissions schedule of altcoins will affect their price.
Comparing different altcoins, AX has more features and potential than other layer ones.
Selling pressure from VC and exchanges adds to the already low market volume.
00:05:44 Summary: Discussion about potential liquidation and value of alt coins, with mention of Kraken Pro. Alt coins are in a downtrend while Visa and MasterCard reach all-time highs.
📈 Altcoins are facing potential liquidation, with questions about how it will be done.
💰 Trading altcoin pairs can be profitable in a bear market.
📉 Many altcoins, including Curve, are in a downtrend and facing supply issues.
00:08:36 A video titled 'WCGW Wednesday: Most Alts Ready For All-Time Lows'. The speaker discusses the bearish market trend and the lack of bullish reversals. They also express skepticism about the value of layer twos and the potential for price increases.
📉 Most of the charts show a downward trend and lack of bullish reversals.
💸 Layer twos may be taking value away from layer ones, affecting the coin's value.
📉 Many charts are at multi-year lows and are likely to continue declining.
00:11:30 The video discusses the current state of various altcoins, including Ripple, ADA, Doge, and Salana. It highlights the lack of upward momentum and potential risks associated with these cryptocurrencies. The speaker recommends cautious investment strategies.
Ripple's value is stagnant against BTC and the team may be selling tokens.
Ada's volume is decreasing and its development is lagging behind Ethereum and EOS.
Doge is at a low point and it's not a good time to invest.
Salana's success is dependent on selling its tokens, and it may perform well in Q4.
00:14:22 Most altcoins, including Tron, Ripple, EOS, Zcash, and Matic, are facing significant downward trends and are likely to reach all-time lows. Holding these coins is risky, and it's best to wait for a clear upward movement before taking any action.
📉 Many altcoins, including Tron, Ripple, EOS, Zcash, and Matic, are expected to reach all-time lows.
⏬ These altcoins have been consistently declining and lack strong bullish trends against BTC.
⚠️ Investors are advised to set alerts and wait for specific price levels before taking any action.
00:17:15 Most altcoins are trending towards all-time lows, with no specific bullish momentum. Revisit in October for potential updates and watch out for unlocked tokens and emission schedules.
📉 Most altcoins are at multi-month lows and not showing signs of recovery.
🔔 Setting alerts or revisiting the market in October may be the best strategy.
💰 Sitting on cash and waiting may be more profitable than investing in these coins.
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