The leading cryptocurrency Bitcoin (BTC) has again reached the level of $ 41,800 and is trying to protect the support point here. Despite the sharp decline indicators such as “death cross” appearing on the BTC chart, the hold of BTC paves the way for altcoins.
Popular cryptocurrency analyst Nicholas Merten pointed to 3 altcoins in his statement on the subject. Merten said that he liked the performance of Cardano (ADA) recently and that he is following 3 more cryptocurrencies. These cryptocurrencies are Binance Coin (BNB), Ethereum (ETH), and Solana (SOL).
Merten stated that ADA has achieved a 30% increase even in the ADA/ETH parity in the recent period, and this may increase even more with the new technical developments to come.
Expressing that ADA gained value against ETH a month ago, the analyst states that ADA's way is clear thanks to the strong community.
Merten, on the other hand, thinks that even in a bad situation, things can change with Binance support for BNB. Thinking that BNB can break a record again, the analyst expects a rally after $521.
Binance Coin price today is $462.32 with a 24-hour trading volume of $1,757,958,598. The price has decreased by -2.2% in the last 24 hours. There is a circulating supply of 170 Million BNB coins, with a total supply of 168 Million coins. Tokpie is currently the most active market where this is traded.
The analyst, who is also expecting a rise for Solana (SOL), thinks that SOL is a rival to ETH and this competition will continue for a while. According to the analyst, the NFT ecosystem created by SOL will become stronger over the years and SOL will consolidate its position.
Solana price today is $136.80 with a 24-hour trading volume of $1,381,647,223. The price has decreased by -4.1% in the last 24 hours. There is a supply of 310 Million SOL coins in circulation, with a total supply of 508 Million coins. Binance is currently the most active market where this is traded.