• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

2023-03-20

Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

2023-03-20

Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

2023-03-20
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

    2023-03-20

    Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

    2023-03-20

    Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch

    2023-03-19

    Don’t Gamble on Balaji’s Bitcoin At $1 Million Bet, Here’s Why

    2023-03-19

    Why US Fed FOMC Meet Is Likely To Trigger $30K

    2023-03-18
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    How NFTs are used in the UAE

    2023-03-17

    CryptoPunks Non Fungible Tokens Collapse

    2023-03-17

    How NTFs are Reinventing the Digital Economy

    2023-03-17

    Coinbase NFT Launches Creator Hub To Drive Web3 Innovation

    2023-03-17

    Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more

    2023-03-17
  • Metaverse

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13

    Nissan files 4 new web3 trademarks, trials sales in the metaverse

    2023-03-13

    South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

    2023-03-12
  • Analysis

    Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

    2023-03-20

    Microsoft Working on New Ethereum Wallet Amid Foray Into Crypto and NFTs: Report

    2023-03-19

    Four Altcoins Erupt 103% or More in Seven Days As Crypto Markets Awaken

    2023-03-19

    Coinbase May Launch Overseas Trading Platform Amid Domestic Crypto Crackdown: Report

    2023-03-18

    Major Crypto Exchange To List Dogecoin and Shiba Inu Competitor That’s Surged Over 300% Year-to-Date

    2023-03-18
  • Learn

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15

    What is it & List of Top defi 2.0 Projects

    2023-03-13
  • Market Cap
The Crypto News Insider
Home»Analysis»Crypto Analyst Predicts Massive Downside for Ethereum Rival Polkadot, Updates Forecasts for Cosmos and LooksRare
Analysis

Crypto Analyst Predicts Massive Downside for Ethereum Rival Polkadot, Updates Forecasts for Cosmos and LooksRare

2022-07-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A broadly adopted crypto strategist says Ethereum (ETH) challenger Polkadot (DOT) might witness a large 56% haircut from its present value stage earlier than discovering some stability.

Pseudonymous analyst Altcoin Sherpa tells his 179,900 Twitter followers that interoperable blockchain Polkadot might discover assist at considerably cheaper price ranges.

“DOT: $3-$5 in all probability good place to start out accumulating this factor. Excessive quantity node round there. This chain was a reasonably large failure thus far for my part.”

Image
Supply: Altcoin Sherpa/Twitter

At time of writing, DOT is altering arms for $6.85.

The strategist can also be maintaining a tally of altcoins Cosmos (ATOM) and LooksRare (LOOKS). Altcoin Sherpa says that ATOM and LOOKS are nonetheless in a heavy downtrend however there’s an opportunity that they may print a short-term reversal sample.

“Not seeing any reversal patterns fairly but. You might possibly see some Adam and Eve double backside however the pattern continues to be undeniably bearish. Uncertain these play out, however that is what you’d look ahead to reversal within the quick/mid time period.”

Image
Supply: Altcoin Sherpa/Twitter

LOOKS, the utility token of the Ethereum-based NFT market LooksRare, is buying and selling at $0.27 at time of writing, down almost 4% on the day.

Image
Supply: Altcoin Sherpa/Twitter

Cosmos, an ecosystem of blockchains designed for each scalability and interoperability, is at the moment valued at $8.00.

main digital asset Bitcoin, Altcoin Sherpa says he sees BTC lingering in bear territory for an prolonged time frame.

“Its gonna take months to cut round and accumulate as soon as the underside is discovered. And the underside may not even come for one more few months from at present. Hunker down for an extended bear market”

Image
Supply: Altcoin Sherpa/Twitter

At time of writing, BTC is valued at $19,183.

See also  Will Ethereum Breach $2,000 Before The Merge?

Test Value Motion

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Every day Hodl Combine

&nbsp

Test Newest Information Headlines

 

&nbsp

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia



Source link

Analyst Cosmos Crypto Downside Ethereum Forecasts LooksRare Massive Polkadot Predicts Rival Updates
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

2023-03-20

Microsoft Working on New Ethereum Wallet Amid Foray Into Crypto and NFTs: Report

2023-03-19

Four Altcoins Erupt 103% or More in Seven Days As Crypto Markets Awaken

2023-03-19

Coinbase May Launch Overseas Trading Platform Amid Domestic Crypto Crackdown: Report

2023-03-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin surges 10% hitting 9-month high

2023-03-18

TA- Alien Worlds (TLM) Set For A Major Rally As Market Looks Promising

2022-08-15

Miami's next big Web3 summit announces packed agenda featuring high-profile speakers

2022-11-20

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

2023-03-20

Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

2023-03-20

Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

2023-03-20
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,287.003.93%
  • ethereumEthereum(ETH)$1,790.880.19%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.01-0.08%
  • binancecoinBNB(BNB)$339.060.43%
  • usd-coinUSD Coin(USDC)$1.00-0.40%
  • rippleXRP(XRP)$0.384364-0.05%
  • cardanoCardano(ADA)$0.3451370.57%
  • matic-networkPolygon(MATIC)$1.16-2.42%
  • staked-etherLido Staked Ether(STETH)$1,789.900.38%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}