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After hitting all-time highs, Bitcoin and Ether faced a wave of correction; while the first seems to be stagnating, the second has slipped again. Experts believe the current price decline is a temporary setback and even a healthy pullback before Bitcoin and Ether hit higher ranges.
However, a popular crypto trader and analyst plans to invest in more altcoins instead of buying major digital assets.
The analyst, @smartcontracter took to Twitter and said he would prefer invest in the native project tokens of Aave, Synthetix, Cream, Chainlink, Uniswap, SushiSwap and Perpetual Protocol.
wow you really want tickers hey,
I like aave $ snx $ cream $ link $ uni $ sushi $ challenge perp
– 👨🌾Bluntz👨🌾 (@SmartContracter) January 20, 2021
Previously, the trader made an accurate prediction against the bottom of the 2018 Bitcoin bear market. The analyst now complaints that if Bitcoin falls below the $ 33,000 range, the asset could reach $ 26,000. Additionally, SmartContact city another analyst who noted the current correction scenario and predicted Bitcoin’s supposed decline at $ 26,000, in particular after retest “39-40k”.
Source: Twitter
Longhash recently revealed that in the past seven days, 92% of crypto tokens have “outperformed Bitcoin”. EAlthough altcoins seem to perform better than Bitcoin, at this time no crypto would be able to replace Bitcoin, given its large market cap.
As Longhash’s research indicated, Ethereum may have risen 22% against Bitcoin last week, but “Ether’s market cap could quadruple and it would still be behind Bitcoin.”
Nonetheless, at press time Bitcoin and Ether were trading at $ 32,366 and $ 1227 respectively. On the other hand, the trader’s choice of cryptos is now worth: AAVE ($ 190.55), SNX ($ 14.06), CREAM ($ 156.66), LINK ($ 21.64). UNI is trading at $ 8.69, SUSHI at $ 6.67 and PERP at $ 5.27.
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