Popular analyst Ben Armstrong chooses 3 altcoins for the next bull run. Another analyst who knows about Bitcoin crashes expects a ‘majestic’ breakout from two rival altcoins.
BitBoy expects superior performance from 3 altcoins in bull run
The host of the crypto YouTube channel and Ben Armstrong, nicknamed BitBoy, thinks that the cryptocurrencies to watch out for in the expected bull run are Polygon (MATIC), Ethereum (ETH) and Ripple (XRP). He also says that Cardano (ADA) will make an impressive comeback behind the top three coins identified.
Meanwhile, the head of the Securities and Exchange Commission (SEC), Gary Gensler, reacted to the commission’s recent decision in its lawsuit against Ripple. According to Gensler, it is too early to say whether the decision will lead to more crypto rules. Gensler made the statement during his first interview after the court ruled in favor of XRP. But Armstrong suggests that the SEC should accept the situation and move forward.
Armstrong highlights how Gensler refused to directly comment on the Ripple case. The crypto analyst thinks the SEC can appeal the case. However, he says this will not change the dispute over whether XRP is a security. The analyst points out that crypto exchanges have relisted the altcoin, which has been in trouble so far. According to Armstrong, the case ultimately ended with XRP winning.
Master analyst: These two rivals prepare for ‘magnificent’ breakout in crypto
An analyst nicknamed Bluntz, who correctly bottomed out in the 2018 bear market for Bitcoin (BTC), says that Ethereum (ETH) rival Solana (SOL) is poised for a meteoric price surge. Check out this article of Kriptokoin.com for the analyst’s accurate predictions. The analyst states that Solana is on the verge of mirroring Bitcoin’s explosive rally at the beginning of the year. According to the chart shared by Bluntz, it is possible for Solana to rise close to $100 by October if he follows his scenario. In this context, the analyst makes the following statement:
To be honest, I have half a mind to literally be a LEFT (maximalist) for a few months. One of the cleanest upside channel breakouts I’ve seen since BTC hit $18,000 in January.
Source: Bluntz/TwitterAt the time of this writing, SOL is trading at $25.71. The altcoin shows a bullish potential of over 288% if Bluntz hits his target.
The analyst then looks at Ethereum. Bluntz believes that the leading altcoin looks set to stage a massive breakout rally against Bitcoin (ETH/BTC). He expresses his views on this matter as follows:
The ETH/BTC wedge break that has been going on for nearly a year… will be glorious. Regardless, I think it’s probably already bottomed out and it’s going to be raging to break above 0.07 BTC ($2,101). I don’t think enough people are ready for that. So they will be caught completely unprepared.
Source: Bluntz/TwitterAccording to his chart, the analyst predicts that ETH/BTC will rise as high as 0.112 BTC ($3,362). At the time of this writing, ETH/BTC is worth 0.06337 BTC ($1.902).
As for Bitcoin itself, Bluntz says that BTC will at least bounce back after briefly dropping below $30,000. The analyst makes the following statement:
The lower timeframes on BTC certainly look promising. After testing the lower end of the higher time frame range, we are reclaiming the low time frame range we just broke. Worst-case scenario: several days of upswing. Best-case scenario: new heights in my opinion.
Source: Bluntz/Twitter
46564
