Seems like the great altcoin reset.

Terra is literally bringing down the major altcoins like Solana, Avalanche, Polkadot. The bloodbath looks like it’s not over and we might find these altcoins trading much lower.

I wouldn’t be surprised to see Polkadot trading at $5/$6 within the next days, Solana at $40 and Avalanche at $20.

The possibilities of going back to previous ATH are still in play and the upside potential is huge, but forget about it for 2/3 years. This phase needs to be seen as accumulation.

It will take time for new crypto investors to restore confidence in crypto after the Terra debacle.