Various crypto analysts at The House of Crypto crypto- He evaluated the current situation of the currencies. In his analysis, he considers factors that influence price movements, such as supply and demand, investor sentiment, government regulations, and media hype.
The analyst made predictions about specific cryptocurrencies such as Casper, Quant, Celestia, Chainlink, ICP, Arbitrum and Render.
casper
Koinfinans.com As we reported casper, attracted great attention with a 20-fold increase in 2023. The analyst states that Casper’s price movements are due to retail interest and emphasizes the importance of hype. Casper is currently experiencing a retreat. The analyst is of the opinion that if the price drops around 6-7%, it should be considered for a potential purchase.
quantity
The analyst states that Quant’s price movement is not exciting. Although the analyst acknowledges the importance of Quant in Central Bank Digital Currencies (CBDCs), he recommends holding for those who have already invested. However, he states that he does not see it as an exciting acquisition.
Celestia
A trending coin Celestia, is discussed in the context of modular blockchain. The analyst recommends taking profits on Celestia given its recent significant price increase, additionally pointing to future growth potential.
Chainlink
Analyst Chainlinkis analyzed using technical formations. In this context, it points to a potential upward movement in a short time. While the analyst rates Chainlink as a must-hold stock for existing investors, he notes that new buyers may find better opportunities elsewhere.
ICP
Previously undervalued, ICP has experienced a significant increase due to retail interest. The analyst expects a pullback in ICP and suggests potential buy zones around $10-11.
Layer 2 Solutions
Arbitrum and Optimism
Arbitrum and Optimism are discussed in the context of second layer solutions. The analyst recommends retaining these projects. However, he notes that they are in a potential cooling phase as Ethereum’s performance affects these projects.
rendering
Render, which is associated with the field of decentralized computing, is highlighted for its potential growth. Despite recent highs, the analyst remains bullish on Render, especially as demand for GPU rendering services increases.