The server of the popular crypto channel Coin Bureau assesses the state of the Bitcoin and altcoin bear market. The analyst shares his views on how long it will take. In addition, he explains the altcoin project he is considering.
“Aave is exciting because of the stablecoin project”
Bears continue to circulate in the cryptocurrency market. However, a popular crypto analyst with over a million followers is considering buying a decentralized finance (DeFi) altcoin project. The host of crypto channel Coin Bureau, nicknamed Guy, shared his views on the market in a new update. The analyst says he is interested in Aave because of its upcoming decentralized stablecoin project. The popular analyst makes the following statement:
Something I’ve been researching lately. I think Aave is a great altcoin project. We just got news that he is planning to launch his own decentralized stablecoin. Now, I personally think this is really exciting news.
“Aave is a really interesting project right now”
When it comes to stablecoin, Terra (LUNA)’s sister token, Terra USD (UST), comes to mind. As you may remember from the news of Kriptokoin.com, the dollar collapsed dramatically after losing its peg. In fact, it did not just crash, it dealt a serious blow to the crypto market. At this point, the analyst calculates that his followers will react based on what happened in the last one. However, he still says that this altcoin project is different. In this context, Guy uses the following expressions:
I know some will roll their eyes at the thought of another decentralized stablecoin. But I think Aave is a really interesting project right now. So, for example, why am I looking? I have not purchased any Aave tokens yet. Maybe not, but I definitely think so.
How long will the bitcoin and altcoin bear market last?
Guy is looking for potential top earners in the next bull market. Meanwhile, he thinks the bear market could continue to consolidate into 2023 and possibly 2024. Based on this, he feels the need to make the following statement:
How long will the bear market last? When will all this end? Well, I’ve said this a few times before. I think we have at least until the end of 2022. I think it’s possible for the bear market to easily last into 2023, possibly even 2024. So, I guess, the meaning of this answer is: I really don’t know.
The analyst says he actually doesn’t know how long the bear market will last. However, he believes this will continue for a while. “As I said, I think it could even be 2024 when the next Bitcoin halving will happen. So that’s a factor in your decision,” he says.
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