Famous crypto analyst Lark Davis expresses his disappointment with the current market downturn and his desire to clean up altcoin holdings, preparing for a new bull market. He emphasizes that market declines are part of the natural cycle of the cryptocurrency world and states that major coins are likely to return.
Some Prominent Tokens in the Altcoin Market
According to reports from Kriptokoin.com, Germany's Bitcoin sales create a sales pressure not only in Bitcoin but also in the altcoin market. According to Lark Davis, the altcoin market attracts attention with the unique features and strategic moves of certain coins, especially ICP, Kaspa, Oasis, Monero and Jupiter. Stating that some coins such as XRP are experiencing difficulties in competing with new networks, Davis emphasizes that projects such as Jupiter are taking important steps to increase their value.
In his overall market analysis, Davis notes the ongoing panic over certain Bitcoin assets and states that this fear has become widespread in the market. He argues that buying Bitcoin during market declines can present opportunities.
According to Analysts, These Altcoin Projects Are in Strong Standing!
Solana (SOL): Solana's high transaction volumes and low costs position it as a strong competitor to other networks.
Avalanche (AVAX): Avalanche attracts attention with its performance, scalability and interoperability.
Jupiter (JUP): Jupiter's decision to cut 30% of its supply is seen as a potential move to increase value by reducing the current token supply.
Oasis Network (ROSE): Oasis aims to create a scalable and versatile platform for privacy-focused blockchain technology and DeFi applications.
Fantom (FTM): Fantom shows potential to rebound along with the overall market, and Davis expresses confidence in the project's growth potential.
Be Careful with Risky Altcoins
However, Davis emphasizes that reinvesting in altcoins with low recovery potential after the current market crash should be avoided and many may fail in the future. “Some altcoins may recover, but others may fall all the way to zero,” says Davis, who advises scrutiny and caution.
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