A popular cryptocurrency trader, bitcoin (BTC) before rising towards $100,000, polygon (MATIC) and Binance Coinof (BNB) rallies think he will live.
The crypto market analyst, also known as Altcoin Sherpa, says it could be giving buyers one last chance to save before Bitcoin launches its next leg, with its 141,900 Twitter followers.
“In my opinion, this is the last chance to get on the Bitcoin train before departure. [BTC’nin]When it accelerates, I expect it to pull all altcoin liquidity out of the market and act like a train with no brakes. Higher lows are being created right now – don’t be left behind.”
In addition, the analyst believes that the next move for Bitcoin will be huge, based on the healthy market structure shown by the predicted moving averages.
“As this is at all-time highs, EMAs in my opinion [tahmini hareketli ortalamalar] It’s actually very, very healthy. The price has dropped and consolidated for a while, I think the next move will be huge.”
Also mentioning Binance Coin, Sherpa said, altcoinHe expects BNB to rise above $600, but he doesn’t think BNB can go so far as to outperform Bitcoin.
“BNB: I expect this to continue to rise up to $600. USD [ABD doları] All-time highs are on the way for the pair, but I personally don’t think it will outperform BTC.”
At the time of writing, BNB is 20 percent below its all-time high, according to CoinGecko; It is trading at $548.
$BNB: Expecting this to continue grinding up to the $600s. All time highs in the USD pair coming but I don’t think this is going to outperform btc personally. #BNB pic.twitter.com/288UpwUNVs
— Altcoin Sherpa (@AltcoinSherpa) November 2, 2021
As for Polygon, the Layer-2 (L2) Ethereum scaling solution, analyst expects MATIC to hit all-time highs in the coming weeks. Stating that the presence of ETH gas reduces the usefulness of the platform for normal users, Sherpa thinks that scaling solutions will gain importance. But as competition heats up for L2s and sidechains, it predicts a volatile period for these projects.
“MATIC: This is still a good project, I expect this to hit all-time highs in the next few weeks. The battle between these sidechains/L2s/EVM clones is going to be really interesting for the next few months. The presence of ETH gas makes it normal [insanlar] It makes it pretty unusable for them.”
According to data from CoinGecko, MATIC is trading at $1.90, 27 percent down from all-time highs at the time of writing.
$MATIC: Still a good project, expecting this one to hit all time highs in the next few weeks. Battle between these side chains/L2s/EVM clones are going to be really interesting the next few months. ETH gas makes it pretty unusable for normal ppl. #MATIC pic.twitter.com/h8UF9XmbMO
— Altcoin Sherpa (@AltcoinSherpa) November 3, 2021
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.