11.21 Accurate Market Analysis
Good morning, brothers, BTC is stable as an old dog, while ETH and altcoins are declining step by step.
Recently, two whales exchanged 13,326 ETH for BTC.
Does ETH have no future?
The biggest problem with ETH is inflation + high GAS fees.
This year, ETH has increased by about 150,000 coins, worth $500 million.
Previously, meme coins were all on the ETH chain, but now everyone has gone to play on the SOL chain.
Demand for ETH has further decreased.
So, following the trend, we suggested everyone exchange ETH for BTC a month ago.
The advice remains the same now.
But things are developing, once ETH upgrades and BTC rises to a similar level,
ETH will also catch up, and at that time, it will be the best time to ambush some ETH for profit.
Just like when gold's market value is too high and can't rise anymore, one should ambush silver, which will soar.
Silver didn't rise much two years ago, but it has increased significantly last year and this year.
Altcoins are still not rising, no need to rush, altcoins are also 'silver'.
Once digital gold BTC becomes stagnant and moves sideways, altcoins will start to rise.
The U.S. 'Financial Innovation and Technology (FIT21) Act' and stablecoin regulations and other legislative proposals may gain support,
which is beneficial for altcoins to usher in a peak in the future.