Crypto Pundit Lists 4 Altcoins To Buy Once The Bitcoin Price Bottoms
May 03 2024 - 2:00PM
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Crypto analyst DonAlt has listed four altcoins he will buy once he
believes that Bitcoin’s price has bottomed. The analyst further
provided insights into why he is particularly bullish on these
altcoins. Ethereum Is Number One On The Altcoins List DonAlt
mentioned in an X (formerly Twitter) post that he will buy “ETH,
DOGE, LTC, and maybe PEPE” whenever he believes BTC has bottomed.
In a video posted on his YouTube channel, he gave insights into why
he was bullish on these crypto tokens, especially Ethereum. Related
Reading: Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF
Outflows Trigger Crash The crypto analyst mentioned that Ethereum
is now low enough for him to be comfortable with buying. He also
suggested that the crypto token was likely a good buy at this price
level, stating that it is currently having a good price action
(especially on the weekly chart) with Bitcoin struggling.
DonAlt added that Ethereum will likely experience a good breakout
as Bitcoin struggles and that its underperformance could be over
soon. However, DonAlt hasn’t bought Ethereum yet. He revealed that
he will bet on Ethereum if Bitcoin reclaims $62,000. The
analyst further suggested that Bitcoin reclaiming this level would
determine whether or not the bottom was in. To support his stance,
he noted that many altcoins are struggling to hold their support
levels due to Bitcoin’s breakdown. However, if Bitcoin were to
reclaim $62,000, the rest of the market would likely pick up,
too. Meanwhile, DonAlt remarked that Ethereum could move to
$4,000 if it manages to close above $3,000 on its weekly chart. He
further stated that this is the most bullish he has been on the
second-largest crypto token in years. Why Dogecoin (DOGE) And
Pepe (PEPE) DonAlt didn’t give an exact reason why he was looking
to buy Litecoin other than the fact that it is an old coin.
However, he gave insights into why he was bullish on the other two
altcoins, Dogecoin and Pepe. Related Reading: Dogecoin Breaks
Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6
Target According to him, the foremost meme coin is still likely to
reach $1 if Bitcoin hasn’t topped out, which presents an
opportunity to make a lot of money. Interestingly, he had
previously claimed that Dogecoin was a better investment than
Bitcoin. He also revealed that he is waiting for Dogecoin to drop
to around $0.11 before buying, although he is still comfortable
with buying around $0.15 if it doesn’t. Meanwhile, as to why
he is bullish on Pepe, he suggested that the meme coin was a good
buy because of its recent performance. He went as far as comparing
it to Dogwifhat (WIF) and claimed that he would pick Pepe over it
because Pepe is on a “non-joke-like chain” (Ethereum), unlike WIF,
which is a “meme on a meme chain” (Solana). ETH price
recovers above $3,000 | Source: ETHUSD on Tradingview.com Featured
image from Kanalcoin, chart from Tradingview.com
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