As an experienced crypto analyst, I’ve closely followed DonAlt’s insights on the market, and his recent picks of Ethereum, Dogecoin, Litecoin, and Pepe as altcoins to buy once Bitcoin stabilizes is a noteworthy observation.
As a dedicated crypto researcher, I’ve identified four alternative coins that I intend to purchase once I am convinced that Bitcoin‘s price has reached its lowest point. These coins hold significant potential for growth based on their unique features and market positioning. Let me share with you the reasons behind my bullishness towards each of them.
Ethereum Is Number One On The Altcoins List
In a recent post on the X platform, previously known as Twitter, cryptocurrency analyst DonAlt expressed his intention to purchase Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and potentially PepeCoin (PEPE) once he feels certain that Bitcoin (BTC) has reached its lowest point. In a subsequent YouTube video, DonAlt shared his rationale for being optimistic about these digital currencies, with a particular focus on Ethereum.
As a crypto analyst, I’ve been keeping a close eye on Ethereum’s price movements. I believe we’re now at a point where I feel comfortable making a purchase. The token’s current price action, particularly on the weekly chart, looks promising to me. Meanwhile, Bitcoin is having a harder time finding its footing.
DonAlt expressed his belief that Ethereum is poised for a significant surge as Bitcoin faces difficulties. He noted that Ethereum’s underperformance might soon come to an end. Nevertheless, DonAlt has not made any purchases of Ethereum yet. Instead, he indicated that he would invest in Ethereum once Bitcoin reaches the $62,000 mark.
As a researcher, I propose that reaching the $62,000 mark again for Bitcoin could be a decisive factor in determining if the bottom has been reached. The reasoning behind this is that several altcoins have faced challenges maintaining their support levels due to Bitcoin’s recent downturn. Nevertheless, should Bitcoin recover and surpass the $62,000 threshold, it’s expected that the rest of the crypto market will follow suit.
During the conversation, DonAlt expressed his belief that Ethereum could potentially reach a price of $4,000 if it successfully breaks above $3,000 on its weekly chart. He added that this is the most optimistic he has felt about Ethereum in years.
Why Dogecoin (DOGE) And Pepe (PEPE)
Instead of “DonAlt didn’t give an exact reason why he was looking to buy Litecoin other than the fact that it is an old coin,” you could say:
As an analyst, I’ve identified the leading meme coin as having a strong potential to reach the $1 mark if Bitcoin continues to rise without hitting its peak. This situation presents a lucrative opportunity for investors. Surprisingly enough, this expert had earlier expressed his confidence in Dogecoin over Bitcoin as a better investment choice. Furthermore, he’s keeping an eye on Dogecoin’s price movements and plans to purchase when it dips around $0.11. However, he remains open to the possibility of buying even at $0.15 if the coin doesn’t drop that low.
Regarding his positive outlook on Pepe, he explained that this meme coin represents a worthwhile investment due to its impressive recent track record. He even drew a parallel between Pepe and Dogecoin (WIF), asserting that he would opt for the former over the latter. The reason being, Pepe operates on Ethereum’s “non-joke” blockchain, contrasting Dogecoin which resides on the “meme-based” Solana network.
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2024-05-03 21:04