Some analysts and traders predicted that Bitcoin would reach $100,000 by the end of the year in 2021. However, they were very disappointed and Bitcoin has been fluctuating around $40,000 for a while, with altcoin projects mostly accompanying it. The despair in the cryptocurrency market these days is pushing some analysts to take different decisions. The well-known analyst in the Turkish cryptocurrency market, nicknamed CryptoKemal, is one of them. The popular analyst says that he will move his atcoins to Ethereum and create a portfolio again. For details cryptocoin.com keep reading.
Analyst moves altcoin portfolio to Ethereum
While the crypto market is looking for its glory days these days, it both hurts and annoys. Leading crypto Bitcoin (BTC) has recovered from the levels of 30 thousand dollars, but is stuck at 40 thousand dollars and cannot move forward. Altcoin projects must be following their leaders as well, keeping up with some exceptions. This uncertainty and stagnation is starting to get boring for crypto traders. CryptoKemal, a famous analyst in the Turkish crypto market, announced that he will move his altcoin projects to the leading altcoin Ethereum in a rising wave in the market, in his share to his 610,000 Twitter followers:
If a wave rises in coins, I will move most of the coins I have to ETH and throw them into the tressor. The portfolio model I am planning; I’m considering a portfolio like 40% NFT 40% ETH 20% USDT (Margin wallet). Altcoins are starting to get really tired. ETH weighted portfolio is more peaceful.
The analyst also gave information about his newly planned portfolio. Apparently, the analyst’s interest in Non Fungible Tokens (NFTs) is reflected in his portfolio. Because he states that he will allocate 40% of his portfolio to NFTs.
CryptoKemal says it will allocate 40% of its portfolio to the leading altcoin. However, Ethereum, the second largest cryptocurrency, is not isolated from the market. According to CoinMarketCap data, at the time of writing, the leading altcoin was trading at $2,761 with a 0.26% loss in the last 24 hours. ETH is 43.51% discounted from the all-time high of $4,891 it saw 3 months ago. Finally, the analyst allocates the remaining 20% in his portfolio to stablecoin Tether (USDT).
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