Altcoin: The crypto analyst, who goes by the nickname Smart Contracter, has revealed his predictions about the levels in the bear market. The famous analyst, who knows more than 8 truths, evaluated the 2018 bear market to understand today’s market. Accordingly, there is only one altcoin project that can survive the market crash. In fact, the analyst says that only that altcoin looks strong in the current market conditions.
- 1 This altcoin has the strength to stay solid in the bear market
- 2 When will the bear market end?
- 3 Earlier predictions were out.
- 4 Share this:
This altcoin has the strength to stay solid in the bear market
According to Smart Contracter, the only altcoin that will remain intact is Binance exchange’s utility token, Binance Coin (BNB). The analyst shared all his views on his official Twitter account to 208,500 followers. Accordingly, Binance Coin remained quite strong against Bitcoin price (BTC) during the last bear market. At the time of writing, BNB was trading at $218, down 2% on the 7-day chart. The analyst said that he was surprised by the strength of the altcoin and stated:
“It reminds me of Ethereum in 2017. When we reach the bottom, I will want to open a long position. BNB will be one of those altcoin projects for me.”
When will the bear market end?
After mentioning BNB, Smart Contracter started talking about the bear market. Accordingly, the famous strategist has published a list of when the market will rise. The list included developments that are likely to boost the market. First on the list is a tweet by economist Alex Krüger. The post reveals that searches for “dead Bitcoin” on Google hit an all-time high over the weekend.
The Strategist also notes that the Fear and Greed Index shows six ratings, meaning “extreme fear.” The Fear and Greed Index is a metric that measures market sentiment with values ranging from 0 to 100. However, he says, news of the liquidation of crypto hedge fund Three Arrows Capital shows we are nearing the bottom. Smart Contracter stated last week that Bitcoin (BTC) and Ethereum (ETH) are going through a capitulation phase. He also stated that the leading crypto and altcoin project is trading in a price area that it says offers strong support.
Earlier predictions were out.
Smart Contracter has made many predictions in the past, and some of these predictions have turned out to be correct. For example, he knew many things like BTC will reach $3200, 2020 cryptocurrency crash. In addition, he has given short-term forecasts for many cryptocurrencies in the past weeks. AmkNews.com As we have reported, many of these predictions have been largely correct. In recent months, however, he got Bitcoin’s accumulation range just right. Accordingly, when BTC reached the level of 23 thousand dollars, there would be a correction in the altcoin markets. The famous trader was unequivocally right in all these predictions and accordingly gained fame.
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