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Alt, Who Goes There?

By Tim KnightCryptocurrencyFeb 14, 2022 12:05AM ET
www.investing.com/analysis/alt-who-goes-there-200617871
Alt, Who Goes There?
By Tim Knight   |  Feb 14, 2022 12:05AM ET
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I spent a fair amount of time walking through airports on Saturday, and almost every single advertisement I saw was about cryptocurrencies. I’m serious. Grayscale this and Gemini that.

I was reminded, naturally, of the year 2000, and all the Super Bowl ads for dot-com companies that would be bankrupt within a year. It’s the same now.

Yesterday was supposed to be the “crypto bowl“, with all the fat-with-cash worthless firms pushing their crap on people, and I suspect most of them will be destroyed in due time. As I look at the alt-coin charts for ALGO, ATOM, CRV, ENJ, FIL, LINK, SNX and SOL, all I can say is………….this entire space is going to be battered for a long time.

ALGO Chart
ALGO Chart

ATOM Chart
ATOM Chart


CRV Chart
CRV Chart

ENJ Chart
ENJ Chart

FIL Chart
FIL Chart

LINK Chart
LINK Chart

SNX Chart
SNX Chart

SOL Chart
SOL Chart
TORJ Chart
TORJ Chart
Alt, Who Goes There?
 

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Alt, Who Goes There?

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Comments (3)
Vv Pp
Vv Pp Feb 14, 2022 2:51AM ET
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I smell fear from the sharks and their little fellow fishes 🐟🐟nice!! ❤️
Captain jeff irons
Captain jeff irons Feb 14, 2022 12:53AM ET
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The soft underbelly of crypto is the fact that other than recognition and acceptance there is nothing material that separates a new crypto from one that already exists. As has been shown with dodge coin and Others, new crypto is don’t create new market cap but rather cause the pie to be sliced into more pieces. A precious metal like gold has a supply that’s limited to the number of atoms on our planet with 79 protons in its nucleus. There is no supply limit in crypto and that basic flaw is why it will never hold value
Maria Torres
Maria Torres Feb 14, 2022 12:53AM ET
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so will crypto hit the hundred thousand mark?
Benjamin USA
Benjamin USA Feb 14, 2022 12:38AM ET
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Hard to disagree
 
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