“The Flow Horse”, one of the popular traders of the cryptocurrency world, explains the meme coin market and a altcoin market will rise more than other sectors stated.
According to The Flow Horse meme coinInvestors who make big profits from ‘s will try to trigger a new rally by shifting their capital to other assets. Trader thinks one of these sectors could be AI altcoins.
As Koinfinans.com reported, although the market has gained strong momentum recently, it is also showing signs of overheating. The trader examines altcoin funding, which tracks fees paid by crypto traders holding futures or margin positions.
According to the trader, altcoin funding is trending at a high level, which means a correction phase may be imminent to clear out over-leveraged traders.
According to the analyst, the Bitcoin price had previously come close to breaking its peak price, but then consolidated. After this process, which lasted a month, BTC lost nearly 20% of its value, while other assets lost up to 40%.
