Trader Crypto Kemal, one of the leading names in the domestic crypto community, announced the altcoins he has invested in in his YouTube video titled “The Altcoins I Trust Most For Investing”.
The popular trader first highlighted the difference between “investment” and “trade” for his 279 thousand subscribers, explaining that he tends to invest in times when the bear market is intensified.
“Investing is a different matter, trading is a different matter. We can trade everything in the subject we call trade. As a result, we can make investments that we will put a stop and get rid of with 2% 3% losses, but investing is a different matter. In other words, if we do not want to wake up one morning with very bad news and face disappointments such as a ponzi scheme where the project is garbage, lost and sunk, in this video I will tell you about the projects that we can say have proven themselves in the investment sector, at least.”
Crypto Kemal started with Bitcoin, which he considered “the heart of the industry,” and stated that the leading crypto will continue to maintain its place in the industry:
“Although its technology is not very cutting-edge, and it is not a product in greater demand like Ethereum, the place of Bitcoin will always remain the same. It has now taken its place as the most proper asset where you can put your money as a digital store of value and store a large amount of money. When we look at Bitcoin, what is the general situation in Bitcoin? We are in a general bear market. Investment decisions should generally be made when the market is in such a large bear market, not when the market is rising, but when the market is falling like this.”
According to the trader, BTC has been in a bear market since April 2021, and a price below $20,000 is an ideal level for “gradual rallying” as a long-term investment for leading crypto. However, Crypto Kemal thinks that the $14,000 level is the worst-case scenario for BTC.
“I think $14,000 is a second buy level in the worst case scenario, but if it goes below that, maybe a wick to $10,000 will be thrown. No one can know this, but since we will not find the bottom, we will not know where the bottom is, all we can do is wait gradually.”
The other crypto that the analyst is examining is Ethereum (ETH). According to Trader, ETH is the most demanded cryptocurrency in the industry.
For the user who says, “I like investing with dignity, Ethereum is the perfect fit.” Ethereum is suitable for gradual buying at this point in my opinion. For example, I have 20 thousand dollars, I believe in ETH technology: you can buy 6 thousand dollars of ETH from here (levels of 1,300 dollars), a second tier of 6 thousand dollars from the 1050-1020 band can be considered. In the third tier, you add $8,000. […] $650-700 is the final support level for ETH. I’ve bought one notch from Ethereum, if it goes down I’m waiting for two more buys.”
The other altcoin on Trader’s list is Solana (SOL). Crypto Kemal comments on SOL as follows:
“When we look, the $29 level can be considered for trading in the current market conditions, but when we look at the spot investment gradually, we can say that the first level is $26. […] $21 second tier. If something big happened, everything was destroyed at 13 dollars, there were huge capitulations, don’t think about the 12-13 dollar band for the spot, but this region is a very ideal and perfect bottom level.”
Another crypto on Crypto Kemal’s list is Polygon (MATIC). The trader thinks the altcoin is doing well on the institutional deal point:
“MATIC is a very good product, the 0.70 band is a good first buy level, the 0.35 band is the second.”
Other cryptocurrencies on Trader’s list are as follows: BNB, FTT, LINK, ATOM, AVAX, CHZ, APE, CRV.
Finally, Crypto Kemal announced that he invested in Ethereum at $ 1,300 and APE at $ 4.70. He also added that he plans to buy AVX and CHZ.
To watch the whole video:
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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.