Ran Neu-ner, Chico, Bill Barhydt, and Vinny Lingham explore how the general public can learn about developing market dynamics and trade for maximum profit.
While Bitcoin is in a downward trend, Whales and Miners continue to accumulate, exchange reserves continue to decline, and market value valuation indicates that Bitcoin is far from overheating.
Despite the recent pullback, Bill Barhdyt believes the market has not yet reached its peak, and that Ethereum would outperform Bitcoin from now until the first quarter of 2021.
The future of the cryptocurrency market
Bitcoin will see less volatility as it increases, while alt coins beginning with Ethereum will see larger pullbacks as they expand logarithmically from here, he added.
Apart from the last ATH in May, when huge hands profited, more and more Bitcoin is flowing out of exchanges, indicating that the market as a whole is positive, according to Bill.
Chico believes the market will rise, but he also believes that other situations must be anticipated. Increased use of leverage derivatives is not good for the market, and Whales might pull the rug, sending the market into a tailspin.
Pullbacks and sideways movement in Bitcoin, according to Vinny, are actually beneficial to the market because long leverage is shaken out, while Whales with higher price targets accumulate.
Is Solana decentralized?
Chico claims to be a devotee of network technology but he believes they are lying about their decentralized claim because most of the Solana network validator nodes are operated by certain entities.
Bill Barhdyt says the network may not be as decentralized as the network storyline website suggests, but with more people running more validating nodes, the network is well on its way to becoming decentralized.
The stance on alt coins
Despite the market correction this week, Ran believes that alt coins like Avalanche (AVAX) and Render (RNDR) are establishing new high, indicating that the bull cycle is still ongoing.
He noted that recent rises in Thorchain (RUNE), WAX (WAXP), Loopring (LRC), and Render RNDR) show that investors still believe in alt coins, and that many more will follow suit.
Top alt coins picks
Vinny Lingham’s top picks for the “next couple of months” are Solana (SOL), Filecoin (FIL), and Render (RNDR).
Olympus (OHM) is Chico’s favorite. Bill predicts Ethereum will rally, but that Solana will exceed it, with a 5-fold increase from current levels possible. His other current favorite coin is Crypto Perx (CPRX), which will be available on exchanges next week.