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Elon Musk’s Twitter Takeover Will Fuel Major Rally for One Altcoin, Says Top Crypto Trader
A top cryptocurrency analyst is naming one digital asset that could spike amid Elon Musk’s plans to acquire Twitter.
Pseudonymous crypto trader Altcoin Sherpa tells his 174,200 Twitter followers that Dogecoin (DOGE) could present “interesting trade opportunities” as the process to buy Twitter plays out.
Elon Musk is a staunch Dogecoin fan who in December of 2021 ceuk that the dog-themed crypto asset was a better currency than anything else he had come across.
“DOGE: I’m not expecting a sustained DOGE rally for a bit. In my opinion, the dog coin usually goes strongly when retail starts to pile in, marking close to the end of a cycle. That said, Elon Musk buying Twitter might create some interesting trade opportunities.
I expect this to mainly chop and accumulate for now with some crazy Elon Musk spikes in between.”
Source: AltcoinSherpa/Twitter Source: AltcoinSherpa/TwitterDOGE rallied by slightly over 15% earlier this week after Twitter’s board announced it had accepted Musk’s bid to buy the micro-blogging platform.
Dogecoin didagang di $0.1399 dina waktos nyerat.
Altcoin Sherpa is also analyzing the two largest cryptocurrencies by market cap. The crypto trader nyebutkeun yen Ethereum (ETH) has a more bullish market structure relative to Bitcoin (BTC).
“ETH: Unlike BTC, ETH is still decently above its last lows and still has a bullish market structure (BTC does too but its closer). Would like to see a higher low formed for Ethereum. I think that it’s still at the mercy of BTC though, as always- if BTC tanks, so will ETH.”
Sumber: AltcoinSherpa / TwitterIn the case of the Ethereum/Bitcoin pair, the crypto trader prédiksi that ETH/BTC is likely to continue to range for weeks at the minimum.
“ETH/BTC: This has been chopping around for a year, not really doing much. I don’t expect any big moves from this until BTC is in a healthy place and I think that we just continue more consolidation for weeks/months.”
Source: AltcoinSherpa/Twitter Source: AltcoinSherpa/Twitter cek harga AksiEntong Kantun Beat - ngalanggan pikeun meunangkeun peringatan email crypto dikirimkeun langsung kana koropak anjeun
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pos teh Elon Musk’s Twitter Takeover Will Fuel Major Rally for One Altcoin, Says Top Crypto Trader mucunghul munggaran dina Ari Hodl Harian.
sumber aslina: Ari Hodl Harian