The analyst offers advice on whether to purchase, hold, or sell each of the particular cryptocurrencies, including Casper, Quant, Celestia, Chainlink, ICP, Arbitrum, and Render.
Casper:
With a 20x increase in popularity in 2023, Casper attracted a lot of attention. The analyst emphasises the significance of hype by pointing out that retail interest drove Casper’s price swings. The analyst notes that Casper is now seeing a downturn and advises evaluating a possible buy if the price decreases by roughly 6-7%.
Quant:
The analyst finds nothing remarkable about Quant’s price action. Though the analyst acknowledges Quant’s significance in Central Bank Digital Currencies (CBDCs), he does not consider Quant to be an exciting purchase and instead suggests holding it for those who have alreadCelestia
We talk about the trendy coin Celestia in relation to the modular blockchain. Given Celestia’s recent significant price increase, the analyst advises investors to take profits while highlighting the company’s potential for further expansion.
Link Chain
Technical pattern analysis on Chainlink points to a possible bullish move coming up. Although the analyst believes that Chainlink is a hold for current investors, prospective buyers may be able to find better deals elsewhere.
ICP
ICP saw a huge increase in value due to retail demand after previously being discounted. The analyst predicts a decline in ICP and recommends possible buying ranges of $10–11.
Layer 2 Solutions:
Optimism and Arbitrage:
Optimism and Arbitrage are examined in relation to layer two solutions. The expert suggests keeping these projects in place but notes that Ethereum’s success may have an impact and there may be a cool-off period.
Render:
The potential growth of render, which is related to the decentralised computing environment, is underlined. The analyst is still positive about Render despite its recent highs and believes it is a hold, especially given the rising need for GPU rendering services.