A big final flush out for altcoins could be imminent if historical market cycle patterns repeat.
Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur.
“It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4.
He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said.
