Altcoins in a similar pattern to 2019... Further declines are likely

Benjamin Cowen, a crypto analyst and founder of crypto market analytics firm Into the Cryptoverse, warned in a YouTube video that altcoins could be headed for a further decline based on historical patterns. "The TOTAL3 chart, which tracks the market capitalization of all crypto assets except BTC and ETH, could be repeating a similar pattern to 2019," he said. "In 2019, altcoins jumped from a low price point to a high, then pulled back and stayed there for several weeks. This pattern is likely to repeat itself in altcoins."