Will Bitcoin dip lower in April 2021? Is Ethereum a good investment? Austin from Altcoin Daily has revealed his new cryptocurrency investment strategy as well as some latest altcoin news.
Dips are very normal in the bull market, 30-40% corrections were common in the 2017 bull cycle. Bitcoin has had corrections as high as 28% in the current bull market and it is only down 14% from the previous peak right now. Bitcoin is not going through heavy corrections as it was four years ago because there is a different class of investors buying and HODL (0:43).
The new strategy is to take the risk, buy Bitcoin, Ethereum and a few specific altcoins at current price range, because dips are getting shallower with institutional investors’ exposure to Bitcoin (4:49).
Cardano making it in the mainstream more than ever before. Nick Carter tweeted people should move from Bitcoin to Cardano as it is cleaner and better for the world when it comes to producing.
Ask The Doctor, the world’s first healthcare cryptocurrency announced their network token AskToken will switch from Ethereum to the Cardano blockchain because the ERC-20 prices were too expensive and made it not feasible to execute the company’s goal (6:20).
Other discussed news includes the Uniswap v3 video teaser release. The V3 upgrade will use the Optimism Ethereum layer 2 scaling solution to ease the congestion and is expected to skyrocket Ethereum (6:58). Enjin (ENJ) referenced on TechCrunch on how NFTs could bridge the video games and fashion industry (7:39). VeChain could work with China after the government announced to place priority on Decarbonization and Carbon neutral into the next 5 years plan. An initiative VeChain started since 2018 with BYD Auto and DNV GL (9:02).