I personally don’t believe 90% of alts will disappear, but it’s very true they will keep losing value as Bitcoin gains momentum for another huge run.
This won’t happen overnight, last time it took over 3 years for alt’s to truly bottom. I advice caution, and start stacking BTC!
“With the massive crypto market rout that has occurred in ‘red August’ many are now talking of an altcoin extinction which could spell the demise for the majority of them. Which ones are likely to survive is the key question. Most of the altcoins have dropped way below their price levels this time last year and are 80-90% down from their all-time highs. This has led many to surmise that it could be game over for many of them. According to Ted Rogers, the president of crypto wallet provider Xapo, this …”