A trader with 40 years of experience trading mostly classic assets, Peter Brandt claims that altcoins in most cases are a complete scam. He gave a graph that can relate to many altcoins at the moment.
The chart shows that a few months later in 2020, the price fell to near-zero values and remains there to this day. It is worth noting that the crisis hit not only the main assets but also the entire crypto market as a whole.
Peter gave this graph for the cryptocurrency Dignity (DIG), which since mid-February 2020 has a flat graph, like a flat line on a cardiogram.
However, Peter does not have this attitude to all altcoins. He probably has a few “favourites” that he keeps a close eye on. For example, last week on his Twitter, he congratulated Ethereum (ETH) with a confident breakthrough of resistance in the BTC/ETH trading pair. At the same time, Peter wrote that ” many altcoins will grow to Bitcoin in the near future”
