After reaching maximum levels, both Bitcoin and Ether faced a wave of correction; while the former seems stagnant, the latter slid further. Experts believe the current drop in prices is a temporary setback and even a healthy downturn before Bitcoin and Ether reach higher ranges.
However, a popular trader and crypto analyst plans to invest in more altcoins instead of buying major digital assets.
The analyst @smartcontracter accessed Twitter and said he preferred invest in project tokens that are native to Aave, Synthetix, Cream, Chainlink, Uniswap, SushiSwap and Perpetual Protocol.
wow are you really going to want tickers hey,
I like $ aave $ snx $ cream $ link $ uni $ sushi $ defi criminal
– 👨🌾Bluntz👨🌾 (@SmartContracter) January 20, 2021
Previously, the trader made an accurate prediction about the bottom of the 2018 Bitcoin bear market. The analyst now claims that if Bitcoin falls below the 33,000 range, the asset could go up to the $ 26,000 mark. Besides that, SmartContracter quoted another analyst who observed the current correction scenario and predicted the supposed fall of Bitcoin for $ 26,000, especially after testing “39-40k” again.
Source: Twitter
Longhash recently revealed that, in the last seven days, 92% of crypto-tokens “outperform Bitcoin”. ANDAlthough altcoins appear to perform better than Bitcoin, at the moment, no cryptography would be able to replace Bitcoin, given its large market capitalization.
As Longhash’s research stated, Ethereum may have gone up 22% against Bitcoin last week, but “Ether’s market capitalization could quadruple and still be behind Bitcoin.”
However, so far, Bitcoin and Ether were trading at 32,366 and $ 1,227, respectively. On the other hand, the merchant’s encryption options are now valid: 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.