The cryptocurrency market continues to struggle under the leadership of Bitcoin (BTC), although it has retreated a little. Crypto analyst Lark Davis, known as Cryptolark, who has a wide following in the market, shared his altcoin project, which he included in his portfolio, apart from Bitcoin.
Altcoin projects that the analyst includes in his portfolio?
cryptocoin.comAs you follow, the leading crypto Bitcoin is consolidating just under $23,000. Meanwhile, the mood in the market remains positive. Crypto analyst Lark Davis also joins this enthusiasm and opens his portfolio to his followers. The top two cryptos in Davis’ crypto wallets are in line with their market cap list. In other words, Bitcoin (BTC) and Ethereum (ETH) stand at the head of the analyst’s portfolio.
By the way, you’ve probably guessed which project Davis didn’t add to his wallet. Because earlier this year, the analyst brought serious criticism to Cardano and its native token ADA. In this context, Davis expressed his surprise that ADA remained in the top ten by market capitalization about ten days ago. The analyst noted that Cardano has almost no DeFi, few individual dapps, and only about 70,000 transactions per day on average. Despite this, he said he did not understand how the altcoin project remained in the top 10.
However, Cardano-focused Twitter account ADA Whale hasn’t kept quiet about it. The famous whale stepped out to defend Cardano and claimed that Cardano has multiple DEXs, borrowing and lending protocols, NFTs, providing book and music tokenization.
Bitcoin briefly rose above $23,000
Over the weekend, the leading cryptocurrency Bitcoin managed to break above the $23,000 level for the first time since August last year. However, it failed to hold above this level and slipped below the line. On the other hand, BTC did not meet with a sharp drop. Not giving up, Bitcoin is busy gathering strength just under $23,000.
Meanwhile, prior to the price increase, large Bitcoin whales holding between 1,000 and 10,000 Bitcoins collectively bought more than $1.43 billion in BTC. This corresponds to approximately 64,638 BTC. According to crypto analytics platform Santiment, between February and December last year the same whales were actively reducing their BTC holdings. Whale purchases also support the positive mood in the market.
The leading altcoin Ethereum also follows in the footsteps of Bitcoin. Ethereum climbed above the $1,600 level and, unlike Bitcoin, managed to hold above this psychological level. At press time, the altcoin was trading at $1,618, down 2.35% on a daily basis.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.