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    Home»Bitcoin»The analyst named the altcoin with the maximum growth potential
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    Bitcoin

    The analyst named the altcoin with the maximum growth potential

    AdministratorBy Administrator08.12.2021No Comments2 Mins Read
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    Trader Nicholas Merten discovered a “bullish” technical pattern on the chart of a popular cryptocurrency, and also predicted the onset of the “altcoin season” in the coming month

    The analyst named the altcoin with the maximum growth potential

    The opinions of experts may not coincide with the position of the editorial board. RBC-Crypto does not provide investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

    Trader Nicholas Merten believes that a bullish technical pattern is developing on the Ethereum to Bitcoin (ETH / BTC) chart, which indicates a possible transition of the altcoin into a phase of explosive growth. According to Merten, Ethereum is currently out of the accumulation phase, which has lasted since May 2018 and is ready to start a powerful upward movement.

    Next month, the share of altcoins in the digital asset market could set a new all-time high, the analyst predicted. According to him, this will mean that the market is undergoing a full-fledged “altcoin season” (the altcoin season is a period of active growth of alternative coins).

    On December 8, Ethereum is trading at $ 4.3 thousand. Over the month, the altcoin has fallen in price by 6%, and its capitalization has decreased to $ 515 billion, according to CoinGecko. On November 10, Ethereum updated its all-time high above $ 4.87K.




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