Ka The Daily Hodl - 1 selemo se fetileng - Nako ea ho Bala: Metsotso e 2
Binance Coin and Chainlink Trends Worth Watching in Bear Market, According to Crypto Analyst Benjamin Cowen
Closely followed crypto analyst Benjamin Cowen says that if digital assets enter a longer-term bear market, two altcoins may be worth keeping an eye on.
In a new strategy session, Cowen says that in current market conditions, altcoins are “very risky” and only Bitcoin (BTC) and stablecoins are worthy of holding until the climate changes.
However, Cowen says there are two trends worth watching. He first mentions Binance chelete ea tšepe (BNB), the utility token of global crypto exchange Binance.
“To give you two altcoin examples, I think it’s worth watching two trends. There’s the BNB/BTC valuation, which I think has been going up recently. It also went up after the lower low in 2018 as well so I’m kind of looking to see the BNB/BTC valuation maybe hit a local top here in the next few weeks.”
At time of writing, BNB/BTC is changing hands for 0.01 BTC ($290), 20% lower than its all-time high around 0.012 BTC or ($348.18).
Next up is oracle provider Chainlink ka eona Ethereum pair (LINK/ETH). Cowen notes that LINK/ETH was a great performer during the bear market from mid-2018 all the way to August of 2020.
“There’s also the LINK/ETH valuation which is interesting. This is one that I’ve sat on, it’s gotten wrecked to no end, but it did actually do well against Ether in the last bear market, and it was actually upon Bitcoin’s rally to the 200-day (moving average). So Bitcoin rallied back to the 200-day [moving average] in 2018 after the lower low.
Ether didn’t go anywhere, but then LINK went up, and then LINK/ETH rallied or the next two years after that, and it kept going up.”
Cowen says that if traders are patient, they will likely end up having an opportunity to get in on the “accumulation phase of a lifetime” in crypto markets.
I
Sheba theko ActionU se ke Ua Lahleheloa ke Beat - Subscribe ho fumana litlhokomeliso tsa imeile tsa crypto tse tlisoang ka kotloloho ho inbox ea hau
Latela re ka Twitter, Facebook 'me thelekramo
lefilo Motsoako oa Daily Hodl
Lekola lihlooho tsa litaba tsa moraorao
Boitlhotlhollo: Maikutlo a hlahisitsoeng ho The Daily Hodl ha se likeletso tsa ho tsetela. Batseteli ba lokela ho ikitlaetsa pele ba etsa matsete a nang le kotsi e kholo ho Bitcoin, cryptocurrency kapa thepa ea dijithale. Ka kopo o eletsoe hore liphetisetso le mesebetsi ea hau li kotsing ea hao, 'me ho lahleheloa ke eng kapa eng eo u ka bang le eona ke boikarabello ba hau. Daily Hodl ha e khothaletse ho rekoa kapa ho rekisoa ha li-cryptocurrensets kapa thepa ea dijithale, ebile The Daily Hodl ha se moeletsi oa matsete. Ka kopo hlokomela hore The Daily Hodl e nka karolo papatsong e kopanetsoeng.
Setšoantšo se hlahang: Shutterstock/PHOTOCREO Michal Bednarek
Potso Binance Coin and Chainlink Trends Worth Watching in Bear Market, According to Crypto Analyst Benjamin Cowen e hlahile pele ho Daily Hodl.
Mohloli oa pele: Daily Hodl