Nick is talking about what’s going on in the altcoin market. The majority of the market is entering green numbers. He mentions a lot of people are talking about the market top, however Nick doesn’t think so. The big question is if we’ve seen the worst of the correction. Nick himself is scaling in to Bitcoin at the moment.
Ethereum seems to have good support at the highs (around 1400) of the previous cycle in the former bull run.
Regarding Altcoins, dominance against bitcoin is helding a steady level at which point of a bull market to come up. Last month was clear, the wave of Layer 1 projects like Binance Coin which is faster and had lower fees than Ethereum. Cardano is another solution which surged a lot. Traders are making a bet that Cardano might come on top of ETH.
Furthermore Nick is talking about Layer 1 and Layer 2 value propositions like Baseledger, a ‘layer 2 solutions at his finest’ powered by the Unibright framework. Nick is very much looking forward to March and thinks it’s a great month for Layer 2 projects that are bringing back technology to ‘the things what people need’.
This episode premiered March 1st, 2021