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Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Author: Content Editor
The author of the article, pseudonymous crypto analyst Capo, predicts that a major black swan event could result in a significant drop in altcoins prior to the US election. He does not specify what the event might be, but suggests that it may present a good buying opportunity. Capo warns that altcoins could experience an average drop of 35%, with larger caps potentially experiencing a 25-35% drop and lower caps potentially dropping 40-60%. In a recent update, Capo states that the chances of this scenario occurring have increased and that he has sold some of his altcoin holdings to reduce his exposure to the market. He advises others to stay prepared and not be frightened by any potential drop.

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