Cantering Clark, a trader who shares a snapshot of the different cryptocurrencies in his collection with his Twitter followers and is closely followed by the crypto community, announced that the smart contract platform witherof (LEFT) suggests it may be the fastest horse in the crypto bull market.
According to the analyst, even as Bitcoin caught all the attention during its rally to over $60,000, SOL quietly outperformed the rest of the market.
“There are many reasons why we have stayed long in the SOL up to this point. Can you spot the trend? Even on a day when Bitcoin is the main show, SOL outperforms it. Jump fast.”
The trader, who also evaluates Bitcoin and the crypto markets in general, says that he keeps his perspective simple. The analyst thinks the imminent launch of the Bitcoin ETF (exchange-traded fund) will act as a bullish catalyst that should send prices higher.
“How many people will stay long forever, thinking that each verification will result in a higher result? I believe in the inefficiency of this market. ETF = ATH”
In addition, the analyst stated that Bitcoin will take the lion’s share of capital flows in the near term, altcoinHe says he expects BTC to outperform BTC.
“If you think bitcoin is going to break ATH soon, and you’re investing heavily in altcoins alongside it, maybe you should reconsider this…
When BTC trends and breaks key contextual levels, 90% of altcoins suffer. Find pairs that perform better under similar conditions (or recent lows). The idea is that if you wait for BTC ATH, you can get a better entry level for your altcoin value.”
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.