Bitcoin is poised to go through $50,000, while altcoins are on the verge of making their biggest gains in months. Three crypto experts join Ran to discuss their predictions for the second phase of the biggest crypto bull market in history.
According to Ellio, the market is about to enter a run that will be a blow off top, but no one knows how much further it can go. Small market capitalization coins will undoubtedly be the biggest gainers.
Polkadot, according to Alex Becker, is likely to run since it hasn’t had a wild run like others, and it’s just a ticking time bomb waiting to erupt.
Ellio agrees with Alex and adds that the Cosmos and Polygon ecosystems have been undervalued for a long time, and that the three tokens (DOT, ATOM, and MATIC) are about to explode.
Alex believes Solana’s price should be considerably higher because the network is faster, more smooth, easier to use, and less expensive than Ethereum. Alex cites his experience purchasing NFTs as an example, claiming that network efficiency will have a significant impact on gaming and collectibles adoption.
Despite recent rallies, Ran believes Solana’s development is similar to Ethereum’s. He believes the network’s ideas, development, progress, technology, excitement, and interest from venture capitalists are rapidly increasing, and the token could explode.
Alex claims that layer 1 protocols such as Avalanche (AVAX) and Harmony (ONE) all work as they should and are far superior to Ethereum, with the sole reason for their undervaluation being Ethereum’s first mover advantage.
Mr Bizz claims that because protocols like Avalanche and Fantom (FTM) do not have as large a community as Ethereum, Cardano, Solana, and Polkadot, their price action fades after a strong rise.
According to Alex, there have been no practical use cases for Decentralized Finance (DeFi) in Crypto. Only NFTs and gaming have sparked interest, with genuine DeFi broad acceptance to follow. Customers will determine which blockchain network is best for them, and layer 1s will benefit greatly as a result.
Mr Biz claims that the NFT mania is fueled by scarcity, much as diamonds are valued because they are rare. Ellio claims to have learned that the world’s richest man, Bernard Arnault, profits from luxury purchases, proving that flex buys on NFT are nothing new.
DeRace, Altura, and Virtue Poker are Alex’s top three coins for next week. ARDR, UFO, and Floki are among Mr Biz’s top picks. AVXL and NFTs gaming platform coins are Ellio’s top picks for the week.
This episode premiered on September 3rd, 2021.