This 'Major Fundamental Flaw' Threatens To 'Kill Crypto,' Analyst Says
Portfolio Pulse from Ivan Crnogatić
Crypto analyst Miles Deutscher highlights a fundamental flaw causing altcoins to underperform despite Bitcoin's significant gains. The oversupply of new tokens and insufficient liquidity are key issues. Measures like better token distribution and higher initial unlock percentages are suggested to improve the market.
June 19, 2024 | 7:17 pm
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NEUTRAL IMPACT
Bitcoin has more than doubled in value from its 2023 lows, but the oversupply of new altcoins and insufficient liquidity are creating a bearish environment for the broader crypto market.
While Bitcoin has shown strong performance, the broader crypto market is struggling due to an oversupply of new altcoins and insufficient liquidity. This could limit Bitcoin's further upside in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80