Crypto entrepreneurs with ‘no emotional approach’ to do this cycle properly – Exec
Adding the historical patterns of the crypto cycle can still pay for retail businessmen, despite increasing the influence of institutional investors, said an executive executive.
“If you are analytical, follow the patterns, and make an emotional approach, you will do well in the crypto space,” Australian Crypto exchange coinstash co-founder Mena Theodorou told cointelegraph on Tuesday.
Altcoins to “meet and do their little thing”
“I’m just following the patterns of what happened in the past,” Theodorou said. He hopes that this cycle is no different, where bitcoin (Btc) will reach the new highs and its dominance is peak before entrepreneurs moved to the Altcoins.
“When Bitcoin slows down, you’ll see it down a bit. And then you’ll see the kind of altcoins that can catch up and do their little thing,” Theodorou said.
“Then inside the altseason, you’ll see a Memecoin run along the way. At some point, all the memecoins will start crazy.”
The signs show Bitcoin could be close to a local top after it reached the new high $ 123,100 on July 14, with the dominance that fell 7.44% over the last 30 days. Ether (Eth) – often viewed for signs of capital cycle – reaches 20% at the same time, According to In tradingview data.
Meanwhile, CoinMarketCap’s Altcoin season Index.
ETH will “tear the market of a new asshole,” Arthur Hayes says
While some analysts make familiar predictions based on previous cycles, others are not convinced that Bitcoin is about to lose momentum.
Bitmex co-founder Arthur Hayes Says On Tuesday that “the upcoming Ether Bull Run was about to tear down the market of a new asshole,” predicting that it might hit $ 10,000 by the end of the year.
“Since Solana got up from FTX Ashes from $ 7 to $ 280, Ether has been the most hated big Capo,” Hayes added.
Related: Bitcoin Liquidity Wars continues, but BTC’s target price remains $ 140k
However, he said the perspective begins to change, teaching the fund Tom Lee’s recent bullishness to Ether.
The approach to co-founder Michael Saylor holds a different belief that Bitcoin will not see the downside. “Winter won’t come back,” Saylor said on June 11. “We’ve passed that phase; if Bitcoin doesn’t go to zero, it’s going to $ 1 million.”
Meanwhile, the Xapo Bank CEO Seamus Rocca told Cointelegraph Earlier this month the risk of a long bear market was very real and did not require a “cataclysmic” event to impress it.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
