‘Flash Drop’ Warning for 2 Altcoins Bought by Turks!

Santiment reported today that 5 altcoins have entered the opportunity zone. Elsewhere, crypto analyst Bluntz, known as Smart Contracter, issues a ‘flash drop’ warning on 2 altcoins.

Hit altcoin analyst expects a deep Ethereum correction

You can take a look at Smart Contracter’s past accurate forecasts from this article. In his current analysis, he mentioned that Ethereum may now be in a bearish trend after touching $2,000.

The crypto analyst predicts that the ETH price will rally in the short term, although he is waiting for a correction. On the chart, he shared a scenario where the price climbed to $2,000 without correcting to $1,700:

Ethereum is currently trading in the $1,800 region. It has gained around 1.5% in the last 24 hours and on a weekly scale. According to Smart Contracter’s forecast, the price will approach $2,000 from here and then pull back to the $1,700 region.

He tweeted, “I don’t know all of you but ETH is definitely not looking very hot to me… It’s back to 0.618 fib where we had another wild sell. I think 1700 is probably the next stop here I will reevaluate my position,” he wrote.

According to the analyst, BNB shows a bearish trend in both USD and BTC pairs.

Smart Contracter later said that another altcoin he expects to drop is BNB Coin (BNB). According to the analyst, BNB is showing a bearish trend in both USD and BTC pairs.

A look at the technical chart suggests a correction in BNB price towards $260. BNB price is currently trading in the $315 zone. If Smart Contracter’s prediction comes true, it would mean 20% depreciation for investors buying at current levels.

Additionally, analyzing BNB in ​​different pairs, the analyst said, “The very important structure in BNB/USD and BNB/BTC pair is already being lost in a monstrous downtrend. It sounds like the market is trying to price something in this pair. “Probably an FTX rollback or more regulation, I’m not sure but it doesn’t look very hot to me,” he says.

BNB’s weekly transactions cross the 28 million mark

In the first week of May, BNB Chain witnessed a huge increase in its weekly active users, surpassing 4 million. However, Blockchain did not follow the same trend as the number of transactions remained low. According to the tweet, BNB’s weekly transactions surpassed 28 million last week. Apart from that, the average daily user count of BNB remained at 1.2 million, while the gas fee of Blockchain was 0.00046 BNB.

One possible reason for the increase in transactions could be the launch of new dApps on the Blockchain. This includes projects from Arrakis Finance, RYI Unity, Crecy.io, Head Games and more. As we have quoted as Kriptokoin.com, the Cardano network is making a move at this point with the launch of Hydra.