The post Exploring Altcoin Opportunities: Strategies for Maximizing Returns Beyond Bitcoin appeared first on Coinpedia Fintech News

Analyst and trader AM Crypto has made a big decision about his Bitcoin investment. He plans to sell a chunk of his Bitcoin and invest it in five different altcoins that he believes will do better than Bitcoin during this bull market. He aims to increase his Bitcoin holdings by trading these altcoins and converting the profits back into Bitcoin when the market is downturned.

AM Crypto explained that he made this move after carefully analyzing the market and predicting which altcoins would likely perform well. Moving on to Ethereum, AM Crypto did a similar analysis, discussing recent price changes and potential future scenarios. 

He thinks Ethereum might dip a bit, but not too much, maybe to $3,200 to $3,500. Currently, Ethereum’s trading in a busy zone, so he’s not too worried as long as it stays above $3,875. This triangle thing is happening with Ethereum’s price; if it goes up, it could hit $4,100 or even $4,300.

But if it goes down, it might drop to $3,700 before bouncing back up, especially if there’s a market dip. Ethereum could dip to $3,700 if that happens this week and then bounce back. But if there’s no dip, it might break $4,040 and keep going up.

The trader stressed Ethereum’s resurgence, attributing it to the recent EIP-1559 update and its implications for transaction fees. With the update driving down transaction costs significantly, Ethereum has emerged as a formidable competitor to Solana in the decentralized finance (DeFi) space. The trader expressed confidence in Ethereum’s upward trajectory in the coming days, citing its potential for significant gains.

Explaining the impact of updates, he noted the drastic fee reductions across various Ethereum scaling solutions like Ethereum Arbitrum, Optimism, ZK Sync, and StarkNet, making transactions significantly cheaper.

Moving on to specific coins, he pointed out Fetch as showing signs of a breakout, possibly reaching $4 based on technical indicators. He mentioned ZRX, explaining its bullish momentum and potential resistance-turned-support areas for entry. Similarly, he discussed Arbitrum’s symmetrical triangle formation, expecting a breakout soon.

The post Exploring Altcoin Opportunities: Strategies for Maximizing Returns Beyond Bitcoin appeared first on Coinpedia Fintech News

Analyst and trader AM Crypto has made a big decision about his Bitcoin investment. He plans to sell a chunk of his Bitcoin and invest it in five different altcoins that he believes will do better than Bitcoin during this bull market. He aims to increase his Bitcoin holdings by trading these altcoins and converting the profits back into Bitcoin when the market is downturned.

AM Crypto explained that he made this move after carefully analyzing the market and predicting which altcoins would likely perform well. Moving on to Ethereum, AM Crypto did a similar analysis, discussing recent price changes and potential future scenarios. 

He thinks Ethereum might dip a bit, but not too much, maybe to $3,200 to $3,500. Currently, Ethereum’s trading in a busy zone, so he’s not too worried as long as it stays above $3,875. This triangle thing is happening with Ethereum’s price; if it goes up, it could hit $4,100 or even $4,300.

But if it goes down, it might drop to $3,700 before bouncing back up, especially if there’s a market dip. Ethereum could dip to $3,700 if that happens this week and then bounce back. But if there’s no dip, it might break $4,040 and keep going up.

The trader stressed Ethereum’s resurgence, attributing it to the recent EIP-1559 update and its implications for transaction fees. With the update driving down transaction costs significantly, Ethereum has emerged as a formidable competitor to Solana in the decentralized finance (DeFi) space. The trader expressed confidence in Ethereum’s upward trajectory in the coming days, citing its potential for significant gains.

Explaining the impact of updates, he noted the drastic fee reductions across various Ethereum scaling solutions like Ethereum Arbitrum, Optimism, ZK Sync, and StarkNet, making transactions significantly cheaper.

Moving on to specific coins, he pointed out Fetch as showing signs of a breakout, possibly reaching $4 based on technical indicators. He mentioned ZRX, explaining its bullish momentum and potential resistance-turned-support areas for entry. Similarly, he discussed Arbitrum’s symmetrical triangle formation, expecting a breakout soon.