Analyst Says He’s Hesitant To Accumulate Crypto Following Memecoin Hype, Updates His Forecast for BTC

Analyst Says He’s Hesitant To Accumulate Crypto Following Memecoin Hype, Updates His Forecast for BTC


A closely followed crypto strategist is explaining his unwillingness to accumulate digital assets as meme tokens take center stage.

In a new strategy session, pseudonymous analyst Altcoin Psycho says that he agrees with fellow analyst DonAlt about staying on the sidelines for now.

According to the crypto strategists, they are currently reluctant to enter the crypto markets amid the memecoin rallies as it indicates that this year’s uptrend is about to end.

Trending: Huh? Chuck Schumer Slams ‘MAGA Supreme Court’ After A Unanimous Decision

“A lot of people always ask, ‘Well, why is it that when old dino coins start to pump or when memecoins start to pump, why does that spook people?’ It really comes down to just liquidity games.

When you’re in the later stage of a market cycle and pretty much everything that is,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend