A closely followed crypto analyst says Solana (SOL) and Binance Coin (BNB) are the only digital assets he wants to hold amid market volatility.
“SOL: [in my opinion] current area is a good buy zone for a short-term bounce, would NOT get greedy and assume this is ‘the bottom’. Bottom is probably sub $20 if things continue lower.”
“BNB led the last cycle in the downtrend and I don’t think [Changpeng Zhao] will let this thing die. Binance is still the leading [centralized exchange] and BNB still has utility on [Binance Smart Chain]. I think this is ‘safe’. I already have some of this but I will buy more. Aiming for around here + 140 if things get bad.”
Altcoin Sherpa also shares his outlook for the altcoins Avalanche (AVAX) and Near Protocol (NEAR). He says he will likely buy these tokens if the dumping continues.
As for Avalanche, Altcoin Sherpa says AVAX could drop to around $10.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
— Altcoin Sherpa (@AltcoinSherpa) June 15, 2022
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/jdrv_art