Renowned trader warns that altcoins are in for a period of stagnation, as the recent market correction has left them with muted price action expected until July. The lack of new retail inflows into the crypto markets will likely keep altcoins range-bound, with some potentially hitting new local lows before experiencing another significant upward move. While the trader anticipates choppy price movements for altcoins, they are also eyeing three specific crypto subsectors – artificial intelligence (AI), memes, and tokenized real-world assets (RWAs) – which they believe will outperform once altcoins regain bullish momentum. In the meantime, the trader is accumulating altcoins to take advantage of any significant bounces in the market.
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Top Trader Warns of Time Capitulation for Altcoins, Says Crypto Markets Not Seeing New Retail Inflows
