Cryptocurrency Analyst Viktor shared his views on the current status and future prospects of various coins in the crypto space.
In a recent post, he explained the factors that can affect the price movements and performance of some of the most popular and promising cryptocurrencies.
- According to Viktor, the possibility of an exchange-traded fund (ETF) being approved remains Bitcoin (BTC) It may still be the safest long-term option.
- Moreover Ethereum (ETH), Ripple (XRP) He stated that he could benefit from recent news that he has settled his lawsuit with the US Securities and Exchange Commission (SEC), which could increase confidence and demand for non-BTC coins.
- Viktor also has a strong recent trend in non-securities and has a large and active community of supporters and promoters. Solana (LEFT) identified as the best alternative layer 1 (L1) platform.
- Lido’s (LDO) He added that it is a kind of leveraged system over ETH, as it allows users to stake their ETH and earn rewards without locking up their funds.
- Another coin that Viktor praised is that it has gone through a rebranding process and has a trend towards non-security. Polygon (MATIC) it happened. As Bitcoinsistemi.com reported, MATIC will be rebranded as POL.
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- Optimism (OP) For his token, he argued that Coinbase could be under the positive influence of the Base mainnet, which will be launched soon.
- Viktor also argued that the DeFi bear market is over and Synthetix (SNX) pointed to the token.
- On the other hand, Victor Ripple (XRP) And Stellar (XLM), After the SEC news, he suggested that he could be a short candidate as they have already reached the top.
- Moreover, Avalanche (AVAX) He questioned whether he could follow in the footsteps of SOL, as there is another L1 platform that claims to offer high scalability and low fees.
- In addition, due to the popularity experienced in 2023, the analyst Conflux Network (CFX) He also mentioned the altcoin. Also from Pepe, who he said showed high performance in bull conditions. (PEPE) also mentioned
- Finally, Viktor said he has the obsolete trend of being a faster and cheaper version of Bitcoin. Bitcoin Cash (BCH) expressed his doubts about He suggested that BCH could be a candidate for shorting or hedging against other coins.
*Not investment advice.
Source: Bitcoinsistemi.com