Bitcoin Eagle 🦅 11.21 Precise Market Analysis @everyone
Good morning, brothers, BTC is as stable as an old dog, while ETH and altcoins are steadily declining.
Recently, two whales exchanged 13,326 ETH for BTC.
Does this mean ETH has no future?
The biggest problem with ETH is inflation + high GAS fees.
This year, ETH increased by around 150,000 coins, worth $500 million.
Previously, meme coins were all on the ETH chain, but now everyone is playing on the SOL chain.
This further reduces the demand for ETH.
So, going with the trend, a month ago we suggested everyone swap ETH for BTC.
The suggestion remains the same now.
However, things are developing; once ETH upgrades and BTC rises similarly,
ETH will catch up, and at that time, we can take advantage of a wave of ETH profits.
Just like when gold's market cap is too high and stops rising, one can invest in silver, which will soar.
Silver didn't rise much the year before last, but it increased significantly last year and this year.
Altcoins are still not rising; there's no need to rush. Altcoins are also 'silver'.
Once digital gold BTC stops rising and consolidates, then altcoins will start to rise.
The U.S. 'Financial Innovation and Technology (FIT21) Act' and legislation proposals for stablecoins may gain support,
which will be beneficial for a future boom in altcoins.
So, allocate 30% to BTC; altcoins have a lagging growth.
Recommended coins:
BTC, BNB, Uni, STX, AR, CHR, FTM, Avail
