Analyst Pentoshi, who accurately estimated the summit of the crypto strategist and 2021 crypto asset cycle, believes that the Altcoin market is ready to recover. Pentoshi, who has 854.200 followers, said in a statement via the social media platform X, accumulating crypto assets and thinks that the Altcoin market has entered an improvement process. Here are the details…
Rejoicing for the Altcoin Market
Pentoshi said that he focused carefully on the graph called Others and follows all the crypto market value other than the top 10 crypto assets and stablecoins. Expressing his optimism in the Altcoin market, Pentoshi said, “It is difficult for me to be pessimistic in this range. Of course we can still retreat and maybe fluctuating. As the bull market progressed, I talked a lot about withdrawing the money I earned, and now I started to use a part of this capital in a short -term. ”
According to Pentoshi’s estimates, the Others indicator may drop to a support level of $ 247 billion, and then may rise up to $ 280 billion. As of now, Others is worth $ 270,195 billion. Another Altcoin on Pentoshi’s radar is Injective (Inj). Analyst said that Inj had tested about $ 14 support levels and expects him to have a leap here. It also attracts attention as one of the well -performing subcoins that have performed well since the low levels of 2023. Inj is traded for $ 14,67 at the time of writing and has made an increase of around 9 %during the day.
Cautious about breast coins
Pentoshi also expressed his belief in future crypto assets, but stressed that he had a cautious attitude towards famous themed breast coins. “I still think we have a very bright future. The Golden Age will come back. Stablecoins, the number one area of the use of crypto currencies, will experience great growth not only for speculation, but also with great effects. Bitcoin is now a global standard in the future. In the past, especially in 2018, it was not so certain. Many things in the real world will be on-Chain, and these opportunities will be an opportunity that changes life for those who will evaluate these opportunities, ”he said.
Finally, Pentoshi stated that the impact of the breast coins bearing the name of celebrities may be negative, but that the general market direction is not pessimistic and the market will be in order to itself.
