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Altcoins
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July 12, 2022

Coin Bureau May Add ‘Amazing’ Ethereum-Based Altcoin to Portfolio, Assesses State of Bitcoin Bear Market

By Daily Hodl Staff

A popular crypto analyst is considering one decentralized finance (DeFi) altcoin project as the bear market continues.

In a new update, pseudonymous Coin Bureau host Guy tells his 70,700 YouTube subscribers that he’s interested in Aave, partially because of its upcoming decentralized stablecoin project.

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“Something that I have been looking into recently, and I think is an amazing project, is Aave. We just had the news that it’s planning to issue its own decentralized stablecoin. Now, I personally think that is really, really exciting news…

I know some of you will be rolling your eyes at the thought of another decentralized stablecoin after what happened with the last one. But I think Aave is a really, really interesting project at the moment. 

So that, for instance, is [why] I’m looking at. I haven’t bought any Aave tokens yet. I might not, but I certainly am considering it.”

While hunting for potential top gainers next bull market, Guy thinks the bear market could continue to consolidate well into 2023 and possibly even into 2024.

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“How long is the bear market going to last? When is all this over?

Well, I’ve said this a few times before, I think we have at least until the end of 2022 and I think the bear market can easily last well into 2023 and possibly even 2024. So, I guess, what that answer means is — I don’t really know.

I don’t know how long this bear market’s going to last. I personally believe it’s going to last for quite a while yet. As I say, I think it could be maybe even 2024, which is when the next Bitcoin halving is going to be, so that is something factor into your decision making.”

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Featured Image: Shutterstock/Sergey Nivens/INelson

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