A well-followed cryptocurrency analyst says that only a certain group of altcoins will survive the bear market. According to the analyst, these 3 altcoins will lead the recovery in the coming years.
Altcoin Sherpa claims these 3 altcoin projects will survive the bear market
Cryptocurrency analyst surnamed Altcoin Sherpa says around 5% of all altcoins will survive the current cryptocurrency winter. Analyst names Solana (SOL) smart contract platform, Polygon Blockchain scaling solution (MATIC) and Axie Infinity (AXS) Blockchain-based video game as projects that can stand the test of time. Sharing the technical charts below, the analyst tells his followers:
Altcoins as a portfolio diversification are almost always a bad idea in a bear market. I think 5% of projects will come out of the bear alive. I predict it will recover over the years after BTC dips. These altcoins are SOL, MATIC, AXS.
At the time of writing, Solana is trading at $ 34.92, up more than 8% in the past 24 hours. In the macroeconomic picture and sales resulting from the Earth crash, it fell as low as $ 26.06. Meanwhile, with Bitcoin trading back at $ 20,000, Solana is the most valuable altcoin in the top 10.
MATIC is currently trading at $ 0.4012. Today he earned more than 10%. Despite this, the depreciation compared to last week is more than 8%.
AXS is trading at $ 14.44, up more than 9% in the past 24 hours. The ATH level fell 91.27% to $ 165.37.
Altcoin Sherpa claims to only trust Bitcoin and Ethereum
Altcoin Sherpa claims that many projects will disappear forever. However, he adds that for now only Bitcoin (BTC) and Ethereum (ETH) are confident:
Bad plans will continue to be trashed and dead / dead forever. The coupons will generally stick around. I don’t see much that I really like it and for now I prefer to play BTC and ETH. If you want to buy something for long-term storage, I focus on projects that will stick around …
The analyst, looking at Bitcoin, warns that a breach of the $ 18,000 support could trigger a new round of selling:
If this area fails, we see $ 12,000. But it’s still a bit far from there.
“Crypto probably has a future, but Bitcoin won’t be part of it”
After Sherpa, the popular anti-Peter Schiff crypto makes headlines after its latest prediction. The CEO of Euro Pacific Capital recently said he expects the future of cryptocurrencies to be quite different from what it is. He also added that he doesn’t expect Bitcoin to be part of the future of cryptocurrency.
His remarks were part of a tweet in which he talked about the state of the cryptocurrency market after the recent crash. cryptocurrency.com As reported, Schiff claimed that Bitcoin was a bubble during last year’s rally. He also predicted that it would eventually explode, triggering a drop in prices.
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