Two famous analysts, Guy and Spencer Noon of Coin Bureau, shared their latest comments on the altcoin. Analysts talked about the coins they think will explode. Here are the details…
Server Coin Bureau: I follow these 3 altcoin projects
The Coin Bureau analyst is revealing some altcoins that he believes could be the “jewels” of the next bull market. Guy, the Coin Bureau host, says he intends to carefully circumvent the bear market as the “cryptocurrency winter” takes shape. Specific cryptographic projects on Guy’s radar include Avalanche (AVAX), Helium (HNT), and Aave (AAVE). The analyst uses the following statements:
I’m a huge Avalanche fan. It might be tempting to buy some AVAXs if the price drops to $ 10. I also like Helium as a project. At some point in the future, I will try to add more to the HNT I have. Aave is a great project and I also follow the price movements.
Highlight Gold Backed Cryptocurrency
The server also describes PAX Gold as a “safe haven” cryptocurrency, as the PAXG token is backed by physical gold. He says he might consider buying PAXG in the future if the world continues to get more chaotic. The Coin Bureau server reiterates its belief that the bear market in cryptocurrencies will continue for a while. He plans to do more research before making any future investments in the field.
If the world gets even more chaotic in the near future, I might as well consider buying more PAXGs. A while ago I sold my PAXG to buy more BTC and ETH. However, I might consider joining PAXG again to diversify my portfolio a bit more. Safe-haven assets like gold are always worth keeping in mind. PAXG is for me the perfect combination of gold and cryptocurrencies. I think it’s too early to start deciding what to buy before the next bull market. As I have said many times before, we will most likely be stuck in a bear market for months or even years to come.
cryptocurrency.com As reported, Guy said earlier this week that Bitcoin (BTC) and Ethereum (ETH) make up 70% of his portfolio. This is because “they will continue to be the two pillars of the cryptocurrency market for the foreseeable future,” he said.
Spencer Noon: Solana follows the same process as ETH
On the other hand, Spencer Noon, a cryptocurrency veteran, shared his comments on altcoins. Noon says Solana (SOL) is currently going through a similar phase to what Ethereum (ETH) went through four years ago. The co-founder of the cryptocurrency fund Variant said Solana’s current problems won’t matter in a few years. The analyst used the following statements:
It seems to me that SOL is going through a similar disappointment zone as ETH went through in 2018. Bear markets are not just about prices, there is sentiment as well. Solana has a vibrant developer ecosystem and downtime problems can be solved. This will be evident in retrospect.
DeFi altcoin projects are doing well
Solana has experienced a series of network outages over the past 12 months which have negatively impacted the price of SOL. Solana suffered a 4.5-hour crash earlier this month after a seven-hour power outage between April 30 and May 1. Noon also argues that the best decentralized finance (DeFi) projects have proven they can work well in a bear market.
The biggest lesson learned in recent weeks has been that major DeFi altcoins have performed well in conditions of extreme volatility. While TradFi projects were booming, most protocols on ETH worked effortlessly. The weird thing is that DeFi can be 100 times bigger and they still work just fine.
Examples of the larger DeFi coins are Avalanche (AVAX), Uniswap (UNI), Chainlink (LINK), Theta Network (THETA), Maker (MKR), Aave (AAVE), Phantom (FTM), The Graph (GRT), We can show THORChain (RUNE), Stacks (STX) and Loopring (LRC).
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