- A crypto strategist closely followed by the crypto community has revealed the best altcoins to choose from in preparation for the bottom of the bear market.
The trader, who goes by the nickname DonAlt, warned his followers in a new strategy session that altcoins could fall between 50 percent and 70 percent from their current prices.
The trader also says that he is already examining a number of crypto assets in preparation for when Bitcoin (BTC) begins to show signs of strength.
“I believe Solana is a good bet. [Kripto] exchange coins will also be an excellent bet. I honestly believe Dogecoin will also rise significantly. Certainly not from where it is now. As I mentioned earlier, I predict everything will reach lower prices, but eventually it will bottom out. However [Dogecoin’in] I don’t think it will hit all-time highs again. These are some of the cryptocurrencies I want to examine.”
CryptoCred is also participating in these altcoin selections
In the same video, Cred, another crypto strategist, as altcoin for DonAlt’s loop bottom Left (LEFT) and Dogecoin (DOGE) He takes a deeper look at cryptocurrency exchanges while explaining the rationale behind his choice.
“I believe the reason why we are still seeing small gains, or at least recovery, in coins in the previous cycle is due to two factors: familiarity and liquidity. This much. There is nothing special about them. There’s nothing like an ongoing narrative revival. This is what people think; It’s not a proof of ‘oh look, here’s their re-accumulation and they’re going to do the same thing in the next cycle’. I think these are all conjectures.
Talking about why people prefer these coins, the crypto strategist says that the best and more likely explanations are simply familiarity and liquidity, as he mentioned earlier:
And when it comes to stock market tokens and early bull market narratives, I agree they prefer familiarity. They prefer liquidity. [Borsa token’ları] also incredibly simple things… in your hand [her duruma] You have coins that you assume will last and that have incredibly simple mechanics or narratives. If you examine the stock market tokens, you will see, I do not think that there are simpler and more understandable things than these. “
To give an example of some of the leading crypto exchange coins in the markets, the global digital asset exchange Binancethe service token of BNB and crypto derivatives exchange FTXlocal presence of FTX TokenWe can talk about.
You can check the price movements here.
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.