Solana

<div class="dailyhodl">
 A popular crypto trader is predicting that Solana (SOL) and another altcoin will be top performers in the next bull cycle for one key reason.
 Pseudonymous analyst Bluntz tells his 224,800 followers on the social media platform X that the recent rallies by SOL and Chainlink (LINK) indicate the two alts will outperform other cryptos based on history.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “So it seems of all the ‘majors,’ SOL and LINK are the two standout outperformers right now that I can see. 
 In my experience, the first runners usually continue to outperform all through the bull market. 
 Naturally, people feel they missed the boat and want to chase other coins instead in hopes they are lagging. I’ve also done this myself from time to time, but it’s worth remembering that there usually isn’t ‘the next LINK’ or ‘the next SOL.’
 The next LINK and SOL are going to keep being LINK and SOL IMO (in my opinion).” 
 The trader also weighs in on Ethereum (ETH) against Bitcoin (BTC) and predicts ETH/BTC may be at the start of an uptrend based on several indicators, including an engulfing candle.
 Traders watch for a bullish engulfing candle since it may suggest an asset’s downtrend is about to undergo a reversal.
 “Not only did ETH manage to close the weekly as an engulfing [candle], but also a confirmed weekly bull divergence. 
 Couple that with the first test of the weekly 200 MA (moving average) on ETH/BTC and I think it’s setting up for quite a nice move up. A very welcome change after months of chop which feels like it might finally have come to an end.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9FSJmWbYAAghmn?format=jpg&amp;name=large" alt="Image" width="1980" height="1704">
 <figcaption class="wp-caption-text">
 Source: Bluntz/X
 </figcaption>
 </figure>
 A bullish ETH/BTC chart suggests that Ethereum will likely outperform Bitcoin.
 ETH/BTC is trading for 0.0511 BTC ($1,753) at time of writing.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-and-one-ethereum-based-altcoin-likely-to-outperform-next-bull-market-according-to-crypto-analyst-tbt67535.html">https://thebittimes.com/solana-and-one-ethereum-based-altcoin-likely-to-outperform-next-bull-market-according-to-crypto-analyst-tbt67535.html</a>

Solana and One Ethereum-Based Altcoin Likely To Outperform Next Bull Market, According to Crypto Analyst

TheBitTimes

Other articles published on Oct 24, 2023

US Tech Titans Propel $4 Trillion Global Surge Amid AI Growth and OpenAI’s $86B Valuation

Is It Too Late to Buy Solana? SOL Price Blasts Up 25% as New Crypto Telegram Gambling Platform Ra...

Exploring the Mechanics and Implications of Privacy Coins

PARSIQ (PRQ) Price Prediction 2024, 2025, 2030, 2040, and 2050

Why Everyone’s Talking About PEPE’s 32.16% Daily Spike

Microsoft AI predictions on Shiba Inu, Cardano, and Everlodge

Join our free newsletter for daily crypto updates!