A widely followed crypto analyst is issuing a new warning about the digital asset market in the final days of the year.
Pseudonymous analyst Altcoin Sherpa tells his 234,800 followers on social media platform X that the crypto market could see wild price swings by the end of December.
However, based on historical precedent, the analyst predicts that markets could recover in January.
“We’ll probably get one or more flushes before the end of the year, but keep your eye on the price and manage the volatility.
January is historically a great month for crypto. In my opinion, you sell bags you don’t like that much for cash and save the money to use on bags you like.”
The analyst also says some crypto projects are showing strength amid the broad market selloff, such as decentralized finance protocol Usual (USUAL).
“A note on the USUAL chart: In the midst of insane market volatility, if you see a coin that stands out from the rest, that is usually a sign that it is a very good coin. This didn’t budge when everything was down 20%. I’ve added more to this dip and will add more as it continues…
I bought somewhere, e.g. B…
