Even today, the prices of many cryptos are declining.
However, there is a possibility that the recent crash could end today, potentially ushering in a new phase without significant declines for some time.
The Total3
To thoroughly examine the altcoin market, it is advisable to analyze the trend of the so-called Total3, which is the total market capitalization of all altcoins excluding Ethereum, stablecoins, and of course, Bitcoin.
After the peak reached on October 7, Total3 had already started to decline more than a month ago.
To be honest, the initial drop merely wiped out all of September’s gains, but the issue is that this decline was followed by others.
Specifically, there was one at the beginning of November, and then another, more delicate one, starting from last Friday.
Due to this recent decline over the span of four days, almost 3% of this market capitalization has been lost, although today there appears to be a slight rebound underway.
Taking the l
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