Two giants of the cryptocurrency market are going through hard times. As of February 7, the BTC and ETH exchange rates are $42,400 and $3,200 respectively. This is 50 percent cheaper than two months earlier. Experts predict an opportunity to buy ethereum when it falls in price along with bitcoin to $32,000 and $2,600 respectively. The fact is that since 2020, institutional investors continue to invest in BTC, which dictates the mood of other altcoins. Approximately the average rate of bitcoin in the entire history of his purchases is about $30,000. But is it possible to count on a synchronous rise of key tokens, if now the capitalization of ethereum is already half of the capitalization of bitcoin? In particular, we are talking about the approach of ETH to leadership. On the other hand, the technical side of the “silver” token continues to limp, which makes it vulnerable to promising altcoins.
Sell ethereum to buy top tokens
Recently, Vitalik Buterin conducted a poll on Twitter. Respondents had to choose the best Ethereum competitor. Most of the respondents preferred to exchange ethereum for bitcoin. The rest chose ADA and SOL. This survey could have been bypassed if its results did not partially coincide with the analysis of the investment hedge company Pantera Capital. The specialists of the latter recommend betting on projects that take market share from ETH. Already today, the blocked assets of TVL, which is in the DeFi segment of ETH, are depreciated by up to 63 percent. But last year the thematic indicator reached 97 percent. As for the top tokens, their outlook is as follows:
● SOL – has a high throughput, and therefore over the past year has risen in price from 0.22 to 260 dollars;
● NEAR – up 19x in price during the year thanks to available liquidity and simplified compatibility with DeFi assets.
American hedge fund partner Paul Veraditakit believes that the listed altcoins should demonstrate an astronomical pump this year. This is especially true for NEAR, which is still only gaining momentum, but is already in the TOP-30 altcoins. With a downtrend, its drawdown may accelerate, but this is not a reason to buy Ethereum back. Moreover, in addition to top tokens, there are promising analogues.
Sell ethereum and get rich
While crypto traders watched the market collapse, bonus hunters calculated the profit from the multiple rise of little-known assets. Moreover, the thematic rise in prices took place during the crisis January:
● The BEP-20-based LUS token rose to $1.47 (previously valued at $0.022);
● FLOKI – “anti-inflationary” analogue of DOGE, which pleased with 6700% pump;
● CRK is a clone of Cronos Chain, which is designed to bring Cro-holders a 5% reward (on the crypto market, the price of CRK soared 13.5 times).
Bitcoin and Ethereum have a large army of users, and the corresponding contingent prefers to use both assets at the same time. But does it make sense to invest fiat in interconnected cryptocurrencies, if even an insignificant part of the profit from an order to exchange ethereum or bitcoin for NFT projects can bring huge profits? The target audience needs to keep an eye on new projects and crypto games, especially during a long drawdown and waiting for the main cryptocurrencies to correct.
