Experienced Analyst il Capo Shared the Most Likely Scenario He Expects in Altcoins in the Coming Days!

Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, released an update on altcoins in his latest assessment shared with his followers today.

il Capo recently issued a statement and argued that he expects altcoins to decline another 20% to 40% from their current levels, after which an altcoin season could be triggered.

The analyst, in his evaluation shared today, argued that this is an “average scenario.” According to the analyst, in such scenarios, the price of Bitcoin is the asset that experiences the least decline and generally the target price could be around $80,000 to $85,000, ranging from 15% to the current situation. However, the analyst does not rule out a wick shot towards a lower level.

According to the analyst, altcoins could see a decline of 20% to 40%, while this can be felt as 20% to 30% in strong altcoins and 30% to 40% in weak altcoins. Interestingly, il Capo argued that memecoins would be the hardest hit group in such a scenario, as they could witness a 50% to 60% decline.

il Capo said that no one wants such a scenario to happen, but the issue is not what the people want, but what the market will give to the people.