After reaching the highest points of all time, both Bitcoin and Ether experienced a wave of correction; while the former appears to have stagnated, the latter has slipped further. Experts believe the current drop in prices is a temporary setback and even a healthy setback before Bitcoin and Ether reach higher ranges.
However, a popular trader and crypto-analyst plans to invest in more altcoins instead of buying the leading digital assets.
The analyst, @smartcontracter, did so on Twitter, saying he would rather invest in project characters native to Aave, Synthetix, Cream, Chainlink, Uniswap, SushiSwap and Perpetual Protocol.
wow you will really want tickers,
I like $ aave $ snx $ room $ link $ uni $ sushi $ defi perp
– lBluntz👨🌾 (@SmartContracter) 20 January 2021
Earlier, the trader happened to make an accurate prediction about the Bitcoin bottom in 2018. The analyst now claims that if Bitcoin falls below the 33,000 range, the asset could go to the $ 26,000 point. In addition, SmartContracter quoted another analyst who noted the current correction scenario and predicted Bitcoin’s alleged dip up to $ 26,000 in particular after retesting of “39-40k”.
Source: Twitter
Longhash recently revealed that 92% of crypto tokens over the past seven days have been ‘better than Bitcoin’. EAlthough altcoins seem to perform better than Bitcoin, no crypto Bitcoin would be able to replace Bitcoin, given the large market capitalization.
As Longhash investigations have said, Ethereum may have risen 22% over Bitcoin over the past week, but ‘Ether’s market capitalization could quadruple and it will still lag behind Bitcoin.’
Nevertheless, Bitcoin and Ether traded at $ 32,366 and $ 1,227, respectively. On the other hand, the choice of merchant cryptos is now worthwhile: AAVE ($ 190.55), SNX ($ 14.06), CREAM ($ 156.66), LINK ($ 21.64). UNI trades at $ 8.69, SUSHI at $ 6.67 and PERP at $ 5.27.