A popular crypto analyst shared with his followers the most beautiful altcoin projects to accumulate in the FTX crisis. As Koindeks.com, we convey the altcoin projects that the analyst follows closely.
Analyst shared altcoins to add to cart in FTX crisis
The host and crypto analyst of the InvestAnswers channel closely follows these altcoin projects. The analyst is keeping a close eye on Solana (SOL), Polygon (MATIC) and 5 Ethereum (ETH) competitors. Additionally, he says that 5 Layer 1 altcoins – TRON (TRX), Tezos (XTZ), Harmony (ONE), Flow (FLOW), and Phantom (FTM) – are currently a solid asset:
Probably the most valuable place to look is altcoins. Plus it’s a blast for those out there with gains. Some are old, such as TRON (TRX) and Tezos (XTZ). But there are Solana, Polygon, Harmony (ONE), Flow (FLOW), Phantom (FTM). All of this at an affordable price per active user per day.
The analyst says there are many other ways these altcoin projects can be evaluated. He also says in his YouTube video:
As a result of your question, it is impossible to tell where the price action will go across different cryptocurrencies. Sometimes the market just doesn’t make sense. For example, Tesla shares are currently trading at 18.19-month lows. These measurements, seen in the last 18 to 19 months, are mind-blowing. How is this possible? I do not know. Markets are irrational.
Analyst weighs future levels of Bitcoin
Also, the channel host says that investors will have ample buying opportunities in the coming months. However, he states that he is closely following the future of Bitcoin (BTC).
The analyst also sets a price target of $63K, with Bitcoin triggering the expected halving in the spring of 2024.
This is an easy Elliott impulse wave for the future. If we look at the current situation, I assume that we can be at $ 63 thousand until about a year and a half later. Therefore, there may be many opportunities for you to keep Bitcoin close to $20,000 or below $30,000 in the spring of next year. This is not financial advice, but this is where I see it going. And remember that we expect to go much higher after the halving. However, according to me, we can reach the level of 63 thousand dollars again by the spring of 2024.
Pal follows this altcoin during the FTX crisis
Former Goldman Sachs executive says Ethereum (ETH) rival altcoin offers opportunity during the crypto market crash. Pal tells his 986 thousand followers on his Twitter account that the decline in the current markets is in a secular trend within a long upward movement. He points to the long-term Bitcoin (BTC) and Ethereum price charts as proof of this.
Then decide whether to accept the secular trend or the circular trend. The second is brutal, but when you look at the first, it’s in BTC: As I repeat, size accordingly.
The macro investor says Solana (SOL) may be facing one of the most distinctive dips in the market. He says Solana has a strong network. He also states that many altcoins, including Ethereum, have historically crashed before returning to their ATH. He also talks about the potential for a steep 95 percent drop to allocate in the SOL:
Can the price drop further for now? Never. I don’t use leverage and I don’t look at the P&L (profit and loss chart). But I follow levels that fit the name. I added ETH and SOL to June lows. I will add again as soon as possible. The SOL is in a very interesting situation because of the force purges…
Pal stated that the tokans he adopted in the early stage were variable. But she says she focuses on adoption, not price. According to him, adoption cycles are times to look for prices to provide opportunities.
Currently, SOL is trading at $16.59, down 93.5% from its ATH. SOL has been hit hard by Sam Bankman-Fried and Alameda Research’s heavy investment in its ecosystem. Earlier this week, SBF announced that FTX is facing liquidity woes. Subsequently, he announced that Binance entered into an impromptu agreement to acquire FTX.