Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

One Ethereum Competitor Is Set To Dramatically Outperform Bitcoin and Altcoin Markets, According to Popular Crypto Trader

by Daily Hodl Staff
March 9, 2022
in Altcoins, Trading

A closely followed crypto analyst is telling traders to think twice about trying to short sell one red-hot Ethereum competitor.

The pseudonymous analyst known as Altcoin Sherpa tells his 169,000 followers on Twitter that he expects Terra (LUNA) to wildly outperform Bitcoin every time BTC sees a price spike.

“LUNA: Once again, this is a good example of why you shouldn’t short this type of coin typically.

It’s going to be way stronger than everything else on both up/down moves for BTC. There are way better coins to short than this IMO. I never got my entry unfortunately.” 

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Terra (LUNA) is one of the best performing major crypto assets, currently up over 25% in the last 24 hours.

Looking at Bitcoin, the analyst says he’s waiting to see a clean run through the $45,000 range before flipping totally bullish, otherwise a break below $34,000 may also be in play.

“BTC: I’m still mostly doing nothing until we see a break of these two levels. Still higher lows and lower highs. Good day today but nothing has changed in my eyes. The longer this stays in this area, the more bullish it is IMO.”

Image
Source: Altcoin Sherpa/Twitter

While Altcoin Sherpa says that he’s still open to the possibility of a “shake-out” scenario for Bitcoin, he also sees early signs of a trend reversal shaping up in BTC.

“Also seeing ramped up volatility which is nice to see- it’s a change from that grind down and also shows a possible end soon. High volatility usually means a potential trend change soon. That said, this is still a high time frame bearish market structure.”

Image
Source: Altcoin Sherpa/Twitter
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Alexxxey/Obsidian Fantasy Studio

Submit a Press Release

Industry Announcements

  • SRG Studios Is Launching Their NFT Collection – The Cosmic Coffee Cups
    May 16, 2022
  • Anonymous Turns to CultDAO for Support Against Unjust Government Actions
    May 12, 2022
  • Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand
    May 12, 2022
  • Lina Valentina’s ‘No More’ NFT Collection Denounces Domestic Violence
    May 11, 2022
  • Cake DeFi Enters Into Esports With Competitive Gaming Platform FACEIT
    May 10, 2022
  • Introducing YUSE, the Ultimate Multi-Utility Token
    May 10, 2022
  • HUMAN Protocol Foundation Awards Grant to VeritaTrust To Build On-Chain Rewards for Reviews
    May 10, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,576.00
$30,576.00
2.35%
Ethereum
$2,101.58
$2,101.58
4.4%
BNB
$309.35
$309.35
3.83%
Cardano
$0.596
$0.596
5.57%
XRP
$0.436492
$0.436492
4.3%
Dogecoin
$0.090678
$0.090678
3.23%

Spotlight

  • Meta’s Mark Zuckerberg Says NFTs Are Coming to Both Instagram and Facebook
    May 11, 2022
  • Rich Dad Poor Dad Author Delivers Alarming Economic Warning, Unveils All-In Price Target for Bitcoin
    May 14, 2022
  • Coinbase CEO Brian Armstrong Details Crypto Bankruptcy Risks if Black Swan Event Rocks Crypto Markets
    May 12, 2022
  • Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently
    May 15, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl