252 Interactions, 4 today
In the last few months, the cryptocurrency industry has seen a lot of bear and bull activity. While the aggregate ceiling has risen over $2 trillion, it is now seeing a setback. Bitcoin (and its forks) and altcoins have had a lot of uncertainty. This period is no exception.
However, BTC’s domination shed more light on altcoins such as ETH, XRP, ADA, LTC, and other trending altcoins. Credible Crypto, a famous analyst, has voiced his support for Bitcoin Cash, a fork of Bitcoin. He claimed that he saw ‘huge promise’ in the alternative.
At the time of publication, Bitcoin Cash was priced at $625 after registering a price reversal. Nonetheless, the dealer saw the recent ‘dip’ as an excellent chance for traders. According to his Twitter account:
“I still really like BCH as one of my top picks here overall. I do think that the bottom is in for it- I can’t really see us revisiting the 300’s again. Impulse invalidation is at $200- so this makes for an incredible R/R opp the lower we go. Looking for this for now.”
This wasn’t the first time he expressed his support for BCH. Recently one of his tweets stated:
— Credible Crypto (@CredibleCrypto) May 13, 2021
He also revealed his interest in yet another alt. He said:
“I’m more interested in HBAR as a hold and BCH as a trade.”
After Elon Musk’s call for sustainability, HBAR is an altcoin that has been trending. It was quite evident from its increased social volume, according to data from LunarCrush.
The analyst projected a rally of around $2 to $5 in another tweet. At the press time, HBAR traded at $0.248.