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The Great Devastation of Altcoins
By Prathik Desai — April 5
🪚 Has the crypto winter returned for altcoins? Or are we in the last gasp before the rally?
If you are one of those who wakes up hopeful when opening the chart and ends the day with the portfolio screaming in red, you are not alone.
In recent weeks, Crypto Twitter has turned into a chorus of phrases like:
"This is the last drop before the rise!"
"Get ready for new highs!"
"Altcoins are going to explode!"
But the harsh reality has been different. The altcoin market has been facing a silent and persistent slaughter.
A practical (and painful) example:
$100 in Bitcoin (February 1) → $82 today
$100 in Ethereum → $55
$100 in Solana → $53
$100 in ADA (Cardano) → $70
$100 in XRP (Ripple) → $33
$100 in DOGE → $52
And what about the smaller altcoins? Many of them are facing even more severe drops: -70% to -80% in value since the recent peak.
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But what now, Panda? Sell or hold?
The magical answer nobody has. But one thing is certain: the market punishes excessive unfounded hope.
That's why, at KayMal, we reinforce: study the project, assess the cycle, control your emotions, and manage risk.
The Panda also bleeds, but always with strategy!
And remember: what today seems like devastation, tomorrow may be the bottom... or just another drop.