Cardano

Litecoin

Bitcoin

Cosmos

At the start of the year, <a href="https://en.coin-turk.com/" data-wpel-link="internal">crypto</a> analyst DonAlt, who skillfully capitalized on the rally to make significant gains, has revealed his close monitoring of two high-volume altcoins amidst the recent sell-off in the crypto market. Here are the altcoins that the analyst is closely watching. 
<h2 style="text-align: justify;" id="span-data-contrast-auto-8220-altcoins-plummeting-despite-bitcoin-showing-weakness-8221-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">&#8220;Altcoins Plummeting Despite Bitcoin, Showing Weakness&#8221; </h2>
Anonymous crypto analyst DonAlt, in a recent strategy session, pointed out that while Bitcoin (BTC) remains far above the lows it hit in 2022, many altcoins are currently trading close to yearly lows, indicating overall weakness in the altcoin market. He stated the following: 
<blockquote>Altcoins, in general, are taking a beating, and it&#8217;s not fun at all. If you look at LINK/USD, you&#8217;ll see it&#8217;s returned to its lowest levels. It&#8217;s like Bitcoin dropped to $15,000, and one of the investor favorites is an altcoin. Look at Cosmos (ATOM), another investor favorite, and it&#8217;s also at the bottom. You can go through almost everything on the list. For example, Cardano (ADA) is approaching its lowest levels in 2022 or 2023, while BTC is not as far below at $30,000.</blockquote>
<img decoding="async" loading="lazy" class="aligncenter wp-image-83941 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash.png" alt="" width="1876" height="1090" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash.png 1876w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash-293x170.png 293w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash-768x446.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash-1536x892.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash-1200x697.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc-crash-108x62.png 108w" sizes="(max-width: 1876px) 100vw, 1876px" />
<h2 style="text-align: justify;" id="span-data-contrast-auto-altcoins-on-the-analyst-8217-s-radar-ltc-and-xrp-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Altcoins on the Analyst&#8217;s Radar: LTC and XRP </h2>
DonAlt suggests that amid the overall downturn in the altcoin market, crypto bulls should focus on accumulating altcoins with compelling narratives that have the potential for better performance. He stated: 
<blockquote>If you want to buy something, buy something with a story. That&#8217;s why I&#8217;m investing in Litecoin (LTC), that&#8217;s why I&#8217;m investing in XRP. Especially with Litecoin, I knew it was going to rise because it had a halving narrative, and we could benefit from that. And it did happen. You can also trade XRP through the Ripple-SEC case. For now, these should be the only altcoins we can touch.</blockquote>
According to data from CoinMarketCap, Ripple&#8217;s <a href="https://en.coin-turk.com/michael-van-de-poppe-sets-critical-btc-threshold-for-crypto-surge-impact-on-ltc-and-xrp/" target="_blank" rel="noopener" data-wpel-link="internal">XRP</a> rose 2% in the last 24 hours, trading at $0.5161, while Litecoin&#8217;s LTC saw a 1.13% decline, trading at $76. 
The post <a rel="nofollow" href="https://en.coin-turk.com/analyst-identifies-key-altcoins-amidst-crypto-market-sell-off/" data-wpel-link="internal">Analyst Identifies Key Altcoins Amidst Crypto Market Sell-Off</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analyst Identifies Key Altcoins Amidst Crypto Market Sell-Off

Mục lục

COINTURK NEWS

Các bài viết khác được xuất bản trên 12 thg 6, 2023

New Terra Classic Project Burns Over Half a Billion LUNC

SEC Lawsuits Shake Confidence: DWF Labs Moves Millions to Exchanges, Impact on Altcoins

Dizer Capital Founder Says It’s Strange SEC Sued Ripple and Spared Stellar (XLM)

Ripple's Resilience Amidst Cryptocurrency Market Decline: An In-Depth Analysis

282M Shiba Inu Burnt in a Week As Burn Rate Falls 93%

Cryptocurrency Analyst Pentoshi Forewarns of Market Downturn and BNB’s Future

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!