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Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth’s correction phase

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After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a temporary setback and even a healthy pullback before Bitcoin and Ether reach higher ranges.

However, a popular trader and crypto analyst plans to invest in more altcoins instead of purchasing the leading digital assets.

The analyst, @smartcontracter took to Twitter and stated that he would rather invest in project tokens that are native to Aave, Synthetix, Cream, Chainlink, Uniswap, SushiSwap, and Perpetual Protocol.

Earlier, the trader happened to make an accurate prediction on the 2018 Bitcoin’s bear market bottom. The analyst now claims that if Bitcoin falls below the 33,000 range, the asset could head to the $26,000 mark. Additionally, SmartContracter cited another analyst who noted the present correction scenario and predicted Bitcoin’s supposed dip to $26,000, especially after retesting “39-40k”. 

Source: Twitter

Longhash recently revealed that in the last seven days, 92% of crypto tokens “outperformed Bitcoin.” Even though altcoins seem to perform better than Bitcoin, at the moment, no crypto would be able to replace Bitcoin, given its large market capitalization.

As Longhash researches stated, Ethereum may have been up 22% against Bitcoin in the past week, but “Ether’s market cap could quadruple and it would still be behind Bitcoin.”

Nevertheless, at press time, Bitcoin and Ether were trading at 32,366 and $1,227 respectively. On the other hand, the trader’s choice of cryptos are now worth: AAVE ($190.55), SNX ($14.06), CREAM ($156.66), LINK ($21.64). UNI is trading at $8.69, SUSHI at $6.67 and PERP at $5.27.  

Source: https://ambcrypto.com/popular-analyst-prefers-altcoins-link-uni-others-during-bitcoin-eths-correction-phase/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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Amb Crypto

FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Amb Crypto

Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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