Analyst Warns of Broad Correction in the Cryptocurrency Market

Vanda Research has warned of a broad correction in the cryptocurrency market.

The firm’s partner and senior strategist, Ben Onatibia, explained that in 2017 the bitcoin price rise was followed by a correction and a jump in interest in then-lesser known cryptocurrencies.

The analyst explained that now the crypto market is in “precisely the same hot potato game” that took place in 2017.

Onatibia pointed out that despite Tesla CEO Elon Musk’s attempt to boost dogecoin with tweets and mentions on Saturday Night Live , dogecoin has failed to fully recover.

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