Famous crypto analyst Capo, who predicted the market crash in 2022, issued a warning for altcoins before the US elections. In his post to his 105,000 followers on his Telegram channel, Capo stated that an unexpected event called a black swan in the market could lead to sharp declines in altcoins. The analyst suggested that crypto assets, which he called “OTHERS”, would be seriously affected by this possible decline.
Major Impacts Expected
Capo did not provide a clear explanation as to what this black swan event might be. However, he also stated that this situation could create an important buying opportunity for investors. Emphasizing that the market became sensitive before the US elections, Capo pointed out that various factors could trigger such an event.
According to Capo, this event could cause an average decline of around 35% in altcoins. The analyst predicts losses of 25-35% for coins with high market caps and losses of 40-60% for coins with lower market caps. It is thought that this drop may be the last major shakeup before a real altcoin season begins.
Analyst’s Strategy
Capo stated that the probability of the scenario occurring has increased and announced that he sold some of his altcoins in order to reduce his risk in the market. He added that if the scenario he expected does not come true, he may take a position again in the future. However, he said that current data shows that the market is weak and said, “If we look at the data, a serious weakness is observed in the market.”
Warning to Investors
Capo’s warning once again reminds us that investors in crypto markets should be careful. Considering the impact of major events on the markets, the importance of strategic moves is emphasized. The volatile course of markets and global developments cause investors to reconsider risk management.
Analysts point out the importance of cautious steps in such uncertain times. For investors, these warnings offer important clues to understand market movements and minimize potential risks. Making conscious and informed decisions is critical to long-term success.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
