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Cryptocurrency expert George Klefi spoke about the future of the crypto-currency market. A well-known trader stressed that his words are not an accurate forecast and a call to action, but he is confident that everything will turn out according to the scenario that is painted.
The market specialist expressed the opinion that in the very near future the price of leading crypto assets will fall. He noted that looking at historical patterns, the community should not expect bullish sentiment in the coming year. Klefi stressed that the value of all digital currencies will fall. According to him, the market capitalization can decrease by more than 2 times and reach $ 500 billion.
From the point of view of a specialist, some altcoins will be pumped (artificially grow in price due to the manipulations of traders), but in a global sense, the market began to fall. Most likely, the community is waiting for the next crypto winter. According to the expert, this will be the most likely scenario for the development of events. This state of affairs is due to the fact that the world’s regulators will tighten their belts for the entire crypto industry.
Now there is a massive adoption of digital currencies, which is extremely unprofitable for the governments of large countries. They will try to do everything possible to stop this process.
The trader noted that if you look at the indicators of technical analysis, they also indicate the upcoming fall of the market, which will occur in the very near future. Klefi said that we should not rejoice at the short-term growth in the value of certain virtual assets, because the peak of the bottom awaits us in the spring of 2023.
Earlier, the editors of Crypto.ru reported: the head of the hedge fund Pershing Square Capital Management Bill Ackman expressed the opinion that such projects as Terra only harm the entire cryptocurrency industry. According to him, LUNA turned out to be just another fraudulent financial pyramid, the purpose of which was to rob users, which happened.
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