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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Forget Bitcoin, Altcoins Are The Winners Of This Cycle, Crypto Analyst Says

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Bitcoin altcoins Small

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All eyes look to be on the flagship crypto, Bitcoin, ahead of the Bitcoin Halving, as market analysts predict further upside moves for the crypto token. However, crypto analyst Jason Pizzino recently made a strong case for altcoins like Ethereum (ETH) and Solana (SOL) and why much focus should also be placed on them. 

Ethereum And Solana Still Primed For Strong Moves Ahead Of Bitcoin

Pizzino suggested in a video on his YouTube channel that Ethereum could experience a breakout in the coming months. This came following his analysis of the ETH/BTC pair, in which he noted that Bitcoin was currently taking the spotlight with new all-time highs (ATH) while ETH looks to be consolidating. 

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As highlighted by the analyst, this is similar to the previous bull run when ETH consolidated while Bitcoin was hitting new ATHs. However, ETH experienced a significant rise soon after then while Bitcoin cooled off. As such, if history were to repeat itself, ETH could once again enjoy a trend reversal soon enough and make a parabolic move to the upside.

Pizzino also mentioned SOL as another altcoin that can potentially move to new prices against Bitcoin’s value. In the last bull run, the crypto token also experienced significant moves to the downside as Bitcoin hit new ATHs. However, a trend reversal quickly followed afterward, with SOL enjoying moves to the upside. 

Therefore, SOL, like ETH, could be primed for price surges if history were to repeat. Pizzino added that this is a time to be aware and see any price dip as a buying opportunity to position for these price gains that could be on the horizon. 

Ethereum Showing Some Strength 

Crypto analyst Michaël van de Poppe echoed Pizzino’s sentiments in a post on his X (formerly Twitter) platform. While analyzing the ETH/BTC pair, he noted that ETH’s price hasn’t made any significant move against Bitcoin’s as of yet. However, he added that it is a “good sign to see some slight strength in Ethereum.”

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Like Pizzino, van de Poppe also expects Ethereum to make a massive move against Bitcoin’s value soon enough. The crypto expert explicitly stated that he still expects “a lot” from the second-largest crypto token by market cap. Besides Ethereum, van de Poppe has continued making a case for other altcoins as he believes they are still undervalued. 

In another X post, he highlighted that altcoins are down between 25% and 40% from their recent highs. However, van de Poppe remarked that this is the perfect time to take positions and that these consolidations should be seen as opportunities rather than a drawbacks. 

Bitcoin price chart from Tradingview.com

BTC takes crypto market down with flash crash | Source: BTCUSD on Tradingview.com
Featured image from The Top Coins, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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