Altcoins
Not Ethereum or Solana, these Altcoin ecosystems are targeted by Blackrock
Ran analyst of the Crypto Banter channel he finds it difficult to contain his excitement, especially since altcoins are performing well even before the breakout is fully confirmed. If the disruption holds, he advises focusing on two ecosystems, one of which is self-evident, while the other has caught many by surprise and still has potential.
The analyst pointed out that many in the crypto community had rejected a particular ecosystem, believing it was no longer viable. However, this ecosystem, namely BNB, has been quietly gaining momentum and recently reached an all-time high. Despite doubts and negative sentiment, BNB defied expectations, taking many by surprise.
This unexpected wave The performance of the BNB signals a shift in the market, with funds flowing from other assets like Solana to BNB. This trend, evident in on-chain data, suggests that BNB is poised for further growth, catching bears by surprise and highlighting the importance of on-chain analytics in predicting market movements.
He also asked, “Why are BlackRock and Citadel buying up the entire supply of this Altcoin sector?”
He noted that Ethereum, BNB, and Solana have not yet reached all-time highs. Additionally, assets like Lio staked ETH, XRP, Dogecoin, and Cardano are not expected to reach all-time highs. BNB is the first blockchain to reach this milestone, entering price discovery territory with a market cap exceeding $100 billion.
The analyst said: “It looks like this BNB ecosystem will continue to work. Now, if the BNB ecosystem continues to work and people are caught by surprise, we could still be early days for the BNB ecosystem.”
He said that old cycle tokens, where token circulation is already mostly in circulation, indicates a healthy ecosystem. With this in mind, he recommended accumulating tokens listed on the BSC chain.
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