Memecoin

GameStop

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-see-altcoins-leaning-towards-risk" rel="noopener noreferrer nofollow">Analysts See Altcoins Leaning Towards Risk</a><br></p>
<p style="text-align: justify">Crypto analysts are indicating a shift in the altcoin market towards high-risk, high-reward ventures due to weakening narratives. Markus Thielen of 10xResearch suggests that substantial gains are now less probable, marking an end to the era of 100x returns. This comes as the market struggles to attract new <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a>, despite predictions of a bullish altcoin year.</p>
<h2 id="what-s-driving-the-memecoin-market">What’s Driving the Memecoin Market?</h2>
<p style="text-align: justify">Thielen points out that past bull markets in altcoins were propelled by compelling narratives that garnered significant capital. In contrast, the current cycle shows limited participation and scarce venture capital <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investments</a>. This is demonstrated by the recent surge of the Solana-based <a href="https://en.bitcoinhaber.net/meme-coins-surge-as-investors-reap-massive-profits" rel="noopener noreferrer nofollow">memecoin</a> GameStop (GME), driven by a social media post from investor Keith Gill, rather than genuine market fundamentals.</p>
<h2 id="insights-from-industry-experts">Insights from Industry Experts</h2>
<p style="text-align: justify">Michael van de Poppe, founder of MN trade consultancy, emphasized the risks associated with holding a portfolio heavily invested in altcoins. He shared his own experience of a 20% decline in investments over a brief period. Despite this, Van de Poppe recently shifted his investments from Bitcoin to altcoins, accepting a potential 50-80% loss.</p>
<p style="text-align: justify">Crypto investor Fabio Andreatta, however, remains skeptical about the prospects of an alt season. Responding to Van de Poppe, Andreatta argued that the move only increased risk without the likelihood of outperforming Bitcoin, stating that most altcoins will not reach their previous all-time highs.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– The current altcoin market is characterized by high risk and potential for significant losses.<br> – Previous narratives that drove altcoin bull markets are no longer effective.<br> – Investments in altcoins may not yield returns comparable to Bitcoin.<br> – Bitcoin’s market dominance is increasing, indicating a shift of capital away from altcoins.</p>
<p style="text-align: justify">Bitcoin’s rising dominance, currently at 56.05%, underscores the broader market’s move away from altcoins. This shift is supported by TradingView <a href="https://newslinker.co/" rel="noopener noreferrer nofollow" target="_blank">data</a>, showing a 2.12% increase in Bitcoin dominance over the past week.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-see-altcoins-leaning-towards-risk" rel="noopener noreferrer nofollow">Analysts See Altcoins Leaning Towards Risk</a></h5>

Analysts See Altcoins Leaning Towards Risk

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