Altcoins
Crypto Pundit Lists 4 Altcoins to Buy Once Bitcoin Price Bottoms
DonAlt crypto analyst has listed four altcoins that it will buy once it believes the price of Bitcoin has bottomed. The analyst further explained why he is particularly bullish on these altcoins.
Ethereum is number one on the Altcoins list
DonAlt mentioned in an X (formerly Twitter) job that he will buy “ETH, DOGE, LTC and maybe PEPE” whenever he believes BTC has bottomed. In a video Posted on his YouTube channel, he explained why he is bullish on these crypto tokens, especially Ethereum.
The crypto analyst mentioned that Ethereum is now low enough that he is comfortable buying. He also suggested that the crypto token was likely a good buy at this price level, stating that it is currently seeing good price action (especially on the weekly chart) while Bitcoin is struggling.
DonAlt added that Ethereum will likely see a good breakout as Bitcoin struggles and its underperformance could be finished soon. However, DonAlt has not yet purchased Ethereum. He revealed that he would bet on Ethereum if Bitcoin recovers $62,000.
The analyst further suggested that Bitcoin recovering this level would determine whether the bottom was reached or not. To support his position, he noted that many altcoins are struggling to maintain their support levels due to the Bitcoin breakdown. However, if Bitcoin reclaimed $62,000, the rest of the market would likely recover as well.
Meanwhile, DonAlt pointed out that Ethereum could reach $4,000 if it manages to close above $3,000 on its weekly chart. He further stated that this is the most bullish he has been on the second largest crypto token in years.
Why Dogecoin (DOGE) and Pepe (PEPE)
DonAlt did not give an exact reason why he was looking to buy Litecoin, other than the fact that it is an old coin. However, he explained why he is bullish on the other two altcoins, Dogecoin and Pepe.
According to him, the most important coin is always likely to be reach $1 if Bitcoin has not reached its cap, this presents an opportunity to make a lot of money. Interestingly, he had previously claimed that Dogecoin was a better investment than Bitcoin. He also revealed that he was waiting for Dogecoin to drop to around $0.11 before buying, although he is still comfortable with buying around $0.15 if it doesn’t. case.
Meanwhile, as to why he is optimistic about Pepe, he suggested that the meme coin was a good buy due to its recent performance. He went so far as to compare it to Dog Hat (WIF) and claimed he would choose Pepe because Pepe is on a “chain that doesn’t look like a joke” (Ethereum), unlike WIF, which is a “meme on a chain of memes” (Solana).
ETH price recovers above $3,000 | Source: ETHUSD on Tradingview.com
Featured image of Kanalcoin, chart from Tradingview.com