• Latest
  • Trending
Analyst Says Solana (SOL), Polygon (MATIC) and One Additional Altcoin To Come Out Alive From Crypto Bear Market

Analyst Says Solana (SOL), Polygon (MATIC) and One Additional Altcoin To Come Out Alive From Crypto Bear Market

June 20, 2022
Ethereum testnet Beacon Chain launched and ready for trial merge

Ethereum testnet Beacon Chain launched and ready for trial merge

June 21, 2022
Ethereum Whales Are Jumping Into Several Gaming Altcoins Amid Major Bitcoin Correction

With Utility at the Forefront, Crypto Projects Can Survive the Bear Run

June 21, 2022
Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

June 21, 2022
Roxana Nasoi of Launchpool Labs Joins Jury for Seedstars’ FT x Cardano Blockchain Challenge Finals Pitching Competition

Roxana Nasoi of Launchpool Labs Joins Jury for Seedstars’ FT x Cardano Blockchain Challenge Finals Pitching Competition

June 21, 2022
Ripples over Supreme Court ruling – The Sun Nigeria

Ripples over Supreme Court ruling – The Sun Nigeria

June 21, 2022
Today’s Dogecoin Price in Pakistan on, May 3rd, 2022

Today’s Dogecoin Price in Pakistan on, June 21, 2022

June 21, 2022
HIGHEST Paid Software Developer Job!🔥 Blockchain Developer Guide

HIGHEST Paid Software Developer Job!🔥 Blockchain Developer Guide

June 21, 2022
Cryptocurrency investors’ hot streak ends as harsh ‘winter’ descends

Cryptocurrency investors’ hot streak ends as harsh ‘winter’ descends

June 21, 2022
Why Bitcoin, Ethereum And Dogecoin Have Been Getting Hammered Lately

Why Bitcoin, Ethereum And Dogecoin Have Been Getting Hammered Lately

June 21, 2022
PIP launches no-coding button to simplify blockchain payments

PIP launches no-coding button to simplify blockchain payments

June 21, 2022
Sweeping layoffs, hiring and firing as crypto prices take a massive downturn

Further downside is expected, but multiple data points suggest Bitcoin is undervalued

June 20, 2022
Here’s What’s Ahead for Binance Coin (BNB) in 2022, According to Coin Bureau

Here’s What’s Ahead for Binance Coin (BNB) in 2022, According to Coin Bureau

June 20, 2022
Tuesday, June 21, 2022
EGROW ONLINE
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos
No Result
View All Result
EGROW ONLINE
No Result
View All Result

Analyst Says Solana (SOL), Polygon (MATIC) and One Additional Altcoin To Come Out Alive From Crypto Bear Market

by admin
June 20, 2022
in Altcoins
0


A closely followed crypto analyst says that only a select group of altcoins will survive the bear market and recover in the coming years.

The pseudonymous analyst known as Altcoin Sherpa tells his 178,000 Twitter followers that he expects about 5% of altcoin projects to survive the current crypto winter.

The analyst names smart contract platform Solana (SOL), blockchain scaling solution Polygon (MATIC) and blockchain-based video game Axie Infinity (AXS) as projects that can stand the test of time.

“Altcoins as a portfolio diversification is nearly always a bad idea in the bear market. Everything is going to dump the same –good projects, bad projects, etc. I’m guessing 5% of projects make it out alive and recover well for years to come after BTC bottoms. SOL, MATIC, AXS.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, SOL is changing hands for $32.18, up over 9% in the last 24 hours.

Image
Source: Altcoin Sherpa/Twitter

MATIC is currently valued at $0.36, an over 10% surge in the past day.

Image
Source: Altcoin Sherpa/Twitter

AXS is trading at $13.16, an increase of over 4% in the past 24 hours.

Altcoin Sherpa says that many projects will disappear forever, and for now, he’s only confident in trading Bitcoin (BTC) and Ethereum (ETH).

“Bad projects will continue to dump and die/stay dead forever. Good ones will stick around overall. I don’t really see many that I like and would rather just play BTC and ETH for now. If you want to buy stuff for long-term holds, I would focus on projects that’ll stay around…”

Looking at Bitcoin, the analyst warns that a breach of the $18,000 support could ignite a fresh round of sell-offs for BTC.

“BTC: if this area fails then we’re seeing $12,000. Still a bit from there.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Bitcoin is valued at $19,961, up over 10% in the last day.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/local_doctor

YOU MAY ALSO LIKE

With Utility at the Forefront, Crypto Projects Can Survive the Bear Run

FxWirePro- Top altcoins for the day (Strength index)(BATUSD)



Source link

Tags: additionalaliveAltcoinAnalystBearCryptomarketMATICPolygonSOLSolana
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Ethereum testnet Beacon Chain launched and ready for trial merge

Ethereum testnet Beacon Chain launched and ready for trial merge

June 21, 2022
Ethereum Whales Are Jumping Into Several Gaming Altcoins Amid Major Bitcoin Correction

With Utility at the Forefront, Crypto Projects Can Survive the Bear Run

June 21, 2022
Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

June 21, 2022

Recent News

Ethereum testnet Beacon Chain launched and ready for trial merge

Ethereum testnet Beacon Chain launched and ready for trial merge

June 21, 2022
Ethereum Whales Are Jumping Into Several Gaming Altcoins Amid Major Bitcoin Correction

With Utility at the Forefront, Crypto Projects Can Survive the Bear Run

June 21, 2022
Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

Cryptocurrency prices today: Bitcoin holds above $20,000, ether, Cardano, Solana also surge

June 21, 2022

Categories

  • ADA
  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple
  • Videos

Follow Us

Find Via Tags

Ada Altcoin altcoins analysis Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency DOGE Dogecoin ETH Ethereum Exchange Heres Inu investors latest Launches Litecoin LTC LUNA Magazine market markets Metaverse news NFT NFTs price prices Ripple Shiba Solana support Today Token Top XRP
  • privacy And Policy
  • About Us

© 2020 Egrow Online

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos

© 2020 Egrow Online