Why Traders Believe Altcoins Are Overpriced By Cointelegraph

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Crypto Bubbles: Why Traders Believe Altcoins Are Overpriced

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, “We’re going to stick our neck out at this stage and call this the end of Bitcoin.”

Well, Bitcoin certainly didn’t end in 2014, but this hasn’t stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since the cryptocurrency’s prematurely reported demise. However, while certain mainstream observers simply regard the entire cryptocurrency market as one giant balloon, other individuals have been offering more nuanced claims recently, assertions that revolve around a distinction between Bitcoin and the vast majority of altcoins.

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