Wall Street Analyst Shares 5 Altcoins He Followed!

Marc LoPresti, co-director of The Strategic Funds, said in an interview on market strategies and cryptocurrency He spoke about the world.

“Breakthrough Strategy Becomes Dangerous”

With rising US interest rates, high inflation and war in Europe, LoPresti said the ‘bottom-up’ approach that has worked over the past two years has become dangerous. The analyst said the following on the subject:

“With this technique you have to anticipate troughs, but trying to catch a falling knife is not a good tactic in general.”

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However, LoPresti also mentioned about the cryptocurrencies that Ukraine often uses to collect donations in the war.

After weeks of declines, cryptocurrencies have risen since they began to be used for donations and once again exceeded the 2 trillion dollar threshold.

However, there has been another decline in the crypto market, with Russia’s claims that it will use cryptocurrencies to avoid sanctions.

“Ethereum Gains Strength Against Bitcoin”

However, in the long run LoPresti Bitcoin at Ethereum He explained that he had views in favor of the bull for:

By the end of the year, we will see a significant increase in both Bitcoin and Ethereum prices. In addition, I think Ethereum will continue to strengthen against Bitcoin as market dominance.

In addition, as the cryptocurrency market continues to evolve, the analyst said Bitcoin’s from altcoins He also said he would separate:

“Segregation is currently in its early stages. Due to the diversity of crypto-assets, the market has started to give more value to cases of using some altcoins in the current situation.”

Marc LoPresti shared the Altcoins He Follows

LoPresti said he is particularly focused on decentralized finance (DeFi) technology, NFTs, and altcoin projects that play an important role in the Metaverse. Analyst, the projects he follows Ethereum (ETH), Polkadot (DOT), Solana (SOL), Avalanche (AVAX) at Cardano (ADA) stated already.

*No investment advice.