{"id":20485,"date":"2022-06-20T19:20:21","date_gmt":"2022-06-20T19:20:21","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20485"},"modified":"2022-06-20T19:20:22","modified_gmt":"2022-06-20T19:20:22","slug":"analyst-says-solana-sol-polygon-matic-and-one-additional-altcoin-to-come-out-alive-from-crypto-bear-market","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20485","title":{"rendered":"Analyst Says Solana (SOL), Polygon (MATIC) and One Additional Altcoin To Come Out Alive From Crypto Bear Market"},"content":{"rendered":"


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

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.<\/p>\n

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.<\/p>\n

\u201cAltcoins as a portfolio diversification is nearly always a bad idea in the bear market. Everything is going to dump the same \u2013good projects, bad projects, etc. I\u2019m guessing 5% of projects make it out alive and recover well for years to come after BTC bottoms. SOL, MATIC, AXS.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, SOL<\/a> is changing hands for $32.18, up over 9% in the last 24 hours.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

MATIC<\/a> is currently valued at $0.36, an over 10% surge in the past day.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

AXS<\/a> is trading at $13.16, an increase of over 4% in the past 24 hours.<\/p>\n

Altcoin Sherpa says<\/a> that many projects will disappear forever, and for now, he\u2019s only confident in trading Bitcoin (BTC) and Ethereum<\/a> (ETH).<\/p>\n

\u201cBad projects will continue to dump and die\/stay dead forever. Good ones will stick around overall. <\/em>I don\u2019t really see many that I like and would rather just play BTC and ETH for now. <\/em>If you want to buy stuff for long-term holds, I would focus on projects that\u2019ll stay around\u2026\u201d<\/em><\/p>\n

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

\u201cBTC: if this area fails then we\u2019re seeing $12,000. Still a bit from there.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, Bitcoin<\/a> is valued at $19,961, up over 10% in the last day.<\/p>\n

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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.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/local_doctor<\/span><\/em><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":20486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[2014,3749,349,646,1251,62,219,313,1219,565,84],"class_list":["post-20485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-additional","tag-alive","tag-altcoin","tag-analyst","tag-bear","tag-crypto","tag-market","tag-matic","tag-polygon","tag-sol","tag-solana"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/coins-to-watch.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20485"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20485\/revisions"}],"predecessor-version":[{"id":20487,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20485\/revisions\/20487"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20486"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20485"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}