Altcoins View Non-AMP

Altcoins or Bitcoin ? What Investors and Traders Are Stacking Now ?

Written by: Delma Wilson

August 15, 2022

Altcoin traders and investors have gone through a lot of pain in 2022. Over the past 10 months, not only has the price of Bitcoin fallen drastically, but the value of the majority of altcoins has also plummeted.

Looking at the altcoin market capitalization chart, we can observe that for the previous six weeks, it has exclusively produced green candles. 

Many investors are unsure if there are any possibilities left in the market as the crypto winter sets the market tone a bit dull. Altcoins are one area that still has a lot of potential.

Even though bitcoin org  has recently dominated the news, a trio of altcoins are currently experiencing a breakthrough, according to the cryptocurrency analyst who correctly predicted the bottom of Bitcoin’s 2018 bear market.

The industry expert going by the nickname Smart Contracter informs that solana (SOL), a competitor of ethereum (ETH), has defeated the resistance of its symmetrical triangle formation.

The Ethereum scaling solution Polygon (MATIC) and companion smart contract protocol avalanche (AVAX), according to the crypto strategist, have both destroyed the resistance of their respective triangles.

“An old favourite, AAVE putting in a bottom against BTC.”

According to Smart Contractor, who is examining the aave (AAVE) borrowing and lending protocol, the decentralized finance altcoin is currently carving out a cycle bottom when compared to Bitcoin (AAVE/BTC).

Bitcoin itself, according to the trader, is going to break through its immediate resistance at $24,700 and launch a rally toward its next resistance at $30,000. Any corrective WXY structure from the lows would be invalidated in my opinion if BTC breaks $24,000, and this move up would then be a bullish accumulation and a series of 1-2s.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Recent Posts (SNW) And The Importance Of Interoperability For The Blockchain Industry

Imagine a world where you can freely exchange assets between any two blockchains. This is…

October 1, 2022

Cryptocurrency Experts Predict Flasko (FLSK) Will Surpass Ethereum Classic (ETC) and Litecoin (LTC) In 2023

The cryptocurrency industry's ecology is ever-changing. Innovation in the crypto industry keeps investors motivated to…

October 1, 2022 (GLO) Vault Diversifies With PolySwarm (NCT), The Sandbox (SAND) And Decentraland (MANA)

In a move that will surely shake up the blockchain space, Uniglo has announced that…

October 1, 2022

Flasko (FLSK) Rises As Cosmos (ATOM) And FTX Token (FTT) Run Into Trouble

Investments are in the red as the cryptocurrency market crashes badly in 2022, burning investors…

October 1, 2022

Bitcoin (BTC) Price Prediction 2022, 2023, 2024, 2025: Will BTC Price Go Up To $25K This Q4?

The market leader Bitcoin has had a tough sail since the start of 2022. The…

October 1, 2022

Will Bitcoin (BTC) Price Drop To $12K in October? Decoding The Possibility

Top cryptocurrencies fail to pique traders' interest, and the cryptocurrency market remains dominated by bears.…

October 1, 2022