🗼 The altcoin market may enter a consolidation phase for several months

This was stated by a popular cryptanalyst under the pseudonym Altcoin Sherpa.

↗️ As an example, he cites one of the top altcoins LINK of the Chainlink decentralized oracle project. This token consolidated for a very long time, then showed an increase of 3-4 times, but is now correcting again.

According to Altcoin Sherpa, this is too little growth compared to the duration of the consolidation.

💬 “There will, of course, be exceptions, but I believe that most alternative cryptocurrencies need time to cool and consolidate after the recent growth,” the expert said.

Altcoin Sherpa believes that in the coming months only specific and large projects, such as Ethereum or Solana, will perform well.