• bitcoinBitcoin(BTC)$57,542.00-0.10%
    BITCOIN
    24H : -0.10%
    Volume : $70,231,180,165.00
    Marketcap : $1,068,877,834,568.00
  • ethereumEthereum(ETH)$1,960.31-3.41%
    ETHEREUM
    24H : -3.41%
    Volume : $39,905,525,956.00
    Marketcap : $224,553,510,927.00
  • cardanoCardano(ADA)$1.140.420%
    CARDANO
    24H : 0.420%
    Volume : $8,697,839,103.00
    Marketcap : $36,143,665,213.00
  • tetherTether(USDT)$1.01-0.08%
    TETHER
    24H : -0.08%
    Volume : $133,068,518,924.00
    Marketcap : $34,408,429,342.00
  • rippleXRP(XRP)$0.544-3.73%
    XRP
    24H : -3.73%
    Volume : $6,704,884,770.00
    Marketcap : $24,745,816,132.00
  • litecoinLitecoin(LTC)$227.77-6.37%
    LITECOIN
    24H : -6.37%
    Volume : $9,495,030,862.00
    Marketcap : $15,107,003,330.00
  • chainlinkChainlink(LINK)$34.49-6.25%
    CHAINLINK
    24H : -6.25%
    Volume : $2,537,598,228.00
    Marketcap : $14,026,213,751.00
  • bitcoin-cashBitcoin Cash(BCH)$691.60-6.68%
    BITCOIN CASH
    24H : -6.68%
    Volume : $7,652,639,786.00
    Marketcap : $12,850,373,262.00
  • stellarStellar(XLM)$0.499-6.09%
    STELLAR
    24H : -6.09%
    Volume : $1,945,144,404.00
    Marketcap : $11,200,868,822.00
  • usd-coinUSD Coin(USDC)$1.010.110%
    USD COIN
    24H : 0.110%
    Volume : $2,212,187,100.00
    Marketcap : $7,859,135,007.00
  • dogecoinDogecoin(DOGE)$0.056-2.40%
    DOGECOIN
    24H : -2.40%
    Volume : $2,753,659,265.00
    Marketcap : $7,140,948,123.00
  • okbOKB(OKB)$22.2339.07%
    OKB
    24H : 39.07%
    Volume : $1,184,063,635.00
    Marketcap : $5,720,385,205.00
  • cosmosCosmos(ATOM)$22.44-6.42%
    COSMOS
    24H : -6.42%
    Volume : $1,490,060,890.00
    Marketcap : $5,327,134,810.00
  • eosEOS(EOS)$5.08-5.99%
    EOS
    24H : -5.99%
    Volume : $5,128,963,582.00
    Marketcap : $4,810,491,936.00
  • nemNEM(XEM)$0.531-2.02%
    NEM
    24H : -2.02%
    Volume : $309,897,377.00
    Marketcap : $4,804,248,289.00
  • huobi-tokenHuobi Token(HT)$24.253.76%
    HUOBI TOKEN
    24H : 3.76%
    Volume : $2,568,176,177.00
    Marketcap : $4,534,963,870.00
  • moneroMonero(XMR)$253.08-6.18%
    MONERO
    24H : -6.18%
    Volume : $1,033,515,349.00
    Marketcap : $4,506,681,580.00
  • tronTRON(TRX)$0.060-3.45%
    TRON
    24H : -3.45%
    Volume : $3,101,833,522.00
    Marketcap : $4,288,758,421.00
  • iotaIOTA(MIOTA)$1.42-6.70%
    IOTA
    24H : -6.70%
    Volume : $219,837,675.00
    Marketcap : $3,943,096,470.00
  • tezosTezos(XTZ)$4.76-5.98%
    TEZOS
    24H : -5.98%
    Volume : $628,827,341.00
    Marketcap : $3,612,872,934.00
  • theta-tokenTheta Network(THETA)$3.60-4.47%
    THETA NETWORK
    24H : -4.47%
    Volume : $213,743,784.00
    Marketcap : $3,584,469,624.00
  • vechainVeChain(VET)$0.055-5.23%
    VECHAIN
    24H : -5.23%
    Volume : $903,681,411.00
    Marketcap : $3,578,288,546.00
  • crypto-com-chainCrypto.com Coin(CRO)$0.143-6.69%
    CRYPTO.COM COIN
    24H : -6.69%
    Volume : $226,319,984.00
    Marketcap : $3,446,705,918.00
  • dashDash(DASH)$310.13-6.27%
    DASH
    24H : -6.27%
    Volume : $2,367,194,713.00
    Marketcap : $3,081,221,525.00
  • makerMaker(MKR)$2,669.16-9.51%
    MAKER
    24H : -9.51%
    Volume : $245,919,656.00
    Marketcap : $2,398,665,837.00
  • daiDai(DAI)$1.010.040%
    DAI
    24H : 0.040%
    Volume : $392,554,477.00
    Marketcap : $2,390,034,861.00
  • decredDecred(DCR)$171.7311.90%
    DECRED
    24H : 11.90%
    Volume : $119,438,125.00
    Marketcap : $2,160,883,346.00
  • ethereum-classicEthereum Classic(ETC)$15.83-4.92%
    ETHEREUM CLASSIC
    24H : -4.92%
    Volume : $2,342,436,494.00
    Marketcap : $1,833,214,265.00
  • ravencoinRavencoin(RVN)$0.223-8.87%
    RAVENCOIN
    24H : -8.87%
    Volume : $2,136,766,353.00
    Marketcap : $1,813,167,551.00
  • zcashZcash(ZEC)$166.09-6.97%
    ZCASH
    24H : -6.97%
    Volume : $1,883,366,744.00
    Marketcap : $1,791,760,458.00
  • leo-tokenLEO Token(LEO)$1.781.98%
    LEO TOKEN
    24H : 1.98%
    Volume : $4,693,545.00
    Marketcap : $1,717,192,189.00
  • wavesWaves(WAVES)$12.56-4.67%
    WAVES
    24H : -4.67%
    Volume : $187,673,706.00
    Marketcap : $1,250,459,635.00
  • iconICON(ICX)$2.10-7.55%
    ICON
    24H : -7.55%
    Volume : $248,871,100.00
    Marketcap : $1,229,532,327.00
  • ontologyOntology(ONT)$1.509.80%
    ONTOLOGY
    24H : 9.80%
    Volume : $1,534,448,350.00
    Marketcap : $1,205,032,300.00
  • 0x0x(ZRX)$1.60-3.07%
    0X
    24H : -3.07%
    Volume : $314,695,188.00
    Marketcap : $1,190,469,830.00
  • algorandAlgorand(ALGO)$1.34-8.44%
    ALGORAND
    24H : -8.44%
    Volume : $816,346,895.00
    Marketcap : $1,079,299,549.00
  • basic-attention-tokenBasic Attention Token(BAT)$0.604-3.16%
    BASIC ATTENTION TOKEN
    24H : -3.16%
    Volume : $462,502,955.00
    Marketcap : $895,187,764.00
  • omisegoOMG Network(OMG)$6.38-6.18%
    OMG NETWORK
    24H : -6.18%
    Volume : $665,067,679.00
    Marketcap : $890,572,299.00
  • paxos-standardPaxos Standard(PAX)$1.01-0.05%
    PAXOS STANDARD
    24H : -0.05%
    Volume : $154,930,630.00
    Marketcap : $749,586,516.00
  • qtumQtum(QTUM)$7.12-2.45%
    QTUM
    24H : -2.45%
    Volume : $866,403,301.00
    Marketcap : $728,347,550.00
  • liskLisk(LSK)$3.94-5.99%
    LISK
    24H : -5.99%
    Volume : $92,213,951.00
    Marketcap : $569,465,129.00
  • bitcoin-goldBitcoin Gold(BTG)$28.581.29%
    BITCOIN GOLD
    24H : 1.29%
    Volume : $61,422,570.00
    Marketcap : $496,005,116.00
  • bitcoin-diamondBitcoin Diamond(BCD)$1.21-5.03%
    BITCOIN DIAMOND
    24H : -5.03%
    Volume : $5,535,985.00
    Marketcap : $227,631,653.00
  • augurAugur(REP)$36.28-4.71%
    AUGUR
    24H : -4.71%
    Volume : $56,679,414.00
    Marketcap : $213,785,003.00
  • bytomBytom(BTM)$0.1265.34%
    BYTOM
    24H : 5.34%
    Volume : $84,472,273.00
    Marketcap : $207,419,476.00
  • monacoinMonaCoin(MONA)$2.62-6.49%
    MONACOIN
    24H : -6.49%
    Volume : $20,840,524.00
    Marketcap : $190,596,807.00
Cryptotelegraph
  • bitcoin
    BTC$57,542.00-0.10%
  • ethereum
    ETH$1,960.31-3.41%
  • polkadot
    DOT$39.62-0.43%
  • cardano
    ADA$1.140.420%
  • tether
    USDT$1.01-0.08%
  • ripple
    XRP$0.544-3.73%
  • dogecoin
    DOGE$0.056-2.40%
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • ICO News
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    Cryptotelegraph.com
    No Result
    View All Result
    Home News Bitcoin News

    Altcoin Expert: Buy Crypto That Holds Up During Bitcoin Breakdown

    Andy K by Andy K
    January 22, 2021
    in Bitcoin News
    Reading Time: 5min read
    3k 61
    0
    Altcoin Expert: Buy Crypto That Holds Up During Bitcoin Breakdown
    4.1k
    SHARES
    33.8k
    VIEWS
    Share on FacebookShare on Twitter

    Bitcoin has plummeted by more than $11,000 from its recent FOMO-driven peak. Normally, the bearish momentum in the top cryptocurrency is enough to drag down the rest of the market, but select altcoins are holding up surprisingly well.

    One <span class="wpg-tooltip-term-title">Altcoin</span></h3><div class="wpg-tooltip-content">Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/altcoin/">» Read more</a><p></div>”>altcoin expert who has traded his way through multiple <span class="wpg-tooltip-term-title">Bear</span></h3><div class="wpg-tooltip-content">Bear market is defined as a decreasing set of prices for various types of assets. A bearish investor wants to profit from the movement of dropping prices. You can think of a bear, swinging his big paw downward on the investment, crushing prices.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/bear/">» Read more</a><p></div>”>bear and bull cycles, suggests watching for and buying any alts that are holding up especially well against BTC during the current drawdown. Here’s a closer look at a few cryptocurrencies that fit the bill.

    Bitcoin Bleeds, But Buyers Focus on Accumulating Select Altcoins

    Bitcoin and altcoins have an on-again, off-again relationship, which is no surprise for the two types of volatile digital assets.


    5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

    Bitcoin typically must be bullish or consolidating for altcoins to perform well. When sentiment turns on the market leader, alts take a much worse beating.

    Related Reading | Technicals Point To Extended Ethereum Dominance Over Bitcoin

    This time around, certain alts are holding up against the market’s abuse more so than others, and one expert says that those are the crypto asset to buy for the biggest profits in the months ahead.

    That expert is Nik Patel, author of An Altcoin Trader’s Handbook.

    bitcoin versus altcoins

    bitcoin versus altcoins

    Buy altcoins that have held up well against BTC, claims expert | Source: BTCUSD on TradingView.com

    Why Investors Are Scooping Up Alts Over BTC Currently

    Patel knows Bitcoin and altcoin cycles, and has made more than one fortune off of the repeating, cyclic patterns of cryptocurrencies. The author also in the past has explained alt season boom and bust cycles, where certain cryptocurrencies outperform BTC by a wide margin.

    Related articles

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    February 21, 2021
    33.8k
    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    February 21, 2021
    33.8k

    Altcoins like Ethereum, Chainlink, and Uniswap have been beating Bitcoin at its own game recently, and according to Patel, these might be coins worth paying closer attention to.

    These alternative digital currencies showing strength when sentiment is turning on the leading cryptocurrency by market cap, says that buyers are buying the blood currently, but they are avoiding Bitcoin for now.

    As to why altcoins could be holding up better than Bitcoin, it all comes down to unrealized profits. After the epic Bitcoin rally, investors have plenty of profit left to realize, before its too late. This results in the selloff becoming more severe.

    Related Reading | Proper Altcoin Season While Bitcoin Drops Has Traders “Cautious”

    The altcoins highlighted have all set a new all-time high, but still have much more to go before prices double like they have in Bitcoin. On the flip side, there are some alts out there that aren’t anywhere near in profit, and given the lack of interest still, likely won’t be in the near future.

    Featured image from Deposit Photos, Charts from TradingView.com
    Tags: altcoinsbitcoinbtcbtcusdBTCUSDTchainlinkcryptoeoseosusdETHethereumethusdLinklinksTRONTRXtrxusdUNIUniswapuniusdxbtxbtusd

    Read More From Original Source

    Tags: AltcoinsbitcoinBTCBTCUSDbtcusdtChainlinkCryptoeosusdETHethusdlinklinksTRXtrxusdUniuniswapuniusdXBTxbtusd
    Share1624Tweet1015
    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Despite other staff members helping themselves daily - Andy has a 'never-ending' container of 'Jelly beans' always sat on his desk, it's magic!

    Related Posts

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    by Andy K
    February 21, 2021
    0
    33.8k

    Bitcoin bulls are not running out of fuel. On Friday, traders once again raised their bids for the world’s leading...

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    by Andy K
    February 21, 2021
    0
    33.8k

    Bitcoin bulls are not running out of fuel. On Friday, traders once again raised their bids for the world’s leading...

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    by Andy K
    February 21, 2021
    0
    33.8k

    Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a...

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    by Andy K
    February 21, 2021
    0
    33.8k

    Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a...

    Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

    Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

    by Andy K
    February 21, 2021
    0
    33.8k

    Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar....

    Load More

    Discussion about this post

    Partners

    Crypto Prices

    bitcoin Bitcoin
    $57,542.00
    $57,542.00
    EUR: €47,483.77
    GBP: £41,053.05
    7D Chart-0.10%
    ethereum Ethereum
    $1,960.31
    $1,960.31
    EUR: €1,617.65
    GBP: £1,398.57
    7D Chart-3.41%
    binancecoin Binance Coin
    $296.14
    $296.14
    EUR: €244.38
    GBP: £211.28
    7D Chart1.30%
    polkadot Polkadot
    $39.62
    $39.62
    EUR: €32.69
    GBP: £28.27
    7D Chart-0.43%
    cardano Cardano
    $1.14
    $1.14
    EUR: €0.941
    GBP: £0.813
    7D Chart0.420%
    tether Tether
    $1.01
    $1.01
    EUR: €0.833
    GBP: £0.721
    7D Chart-0.08%
    ripple XRP
    $0.544
    $0.544
    EUR: €0.449
    GBP: £0.388
    7D Chart-3.73%
    litecoin Litecoin
    $227.77
    $227.77
    EUR: €187.96
    GBP: £162.50
    7D Chart-6.37%
    chainlink Chainlink
    $34.49
    $34.49
    EUR: €28.46
    GBP: £24.61
    7D Chart-6.25%
    bitcoin-cash Bitcoin Cash
    $691.60
    $691.60
    EUR: €570.71
    GBP: £493.42
    7D Chart-6.68%
    stellar Stellar
    $0.499
    $0.499
    EUR: €0.411
    GBP: £0.356
    7D Chart-6.09%
    uniswap Uniswap
    $30.00
    $30.00
    EUR: €24.76
    GBP: £21.40
    7D Chart2.98%
    usd-coin USD Coin
    $1.01
    $1.01
    EUR: €0.833
    GBP: £0.721
    7D Chart0.110%
    wrapped-bitcoin Wrapped Bitcoin
    $57,231.00
    $57,231.00
    EUR: €47,227.14
    GBP: £40,831.17
    7D Chart-0.64%
    aave Aave
    $445.89
    $445.89
    EUR: €367.95
    GBP: £318.12
    7D Chart-7.55%
    eos EOS
    $5.08
    $5.08
    EUR: €4.19
    GBP: £3.62
    7D Chart-5.99%
    monero Monero
    $253.08
    $253.08
    EUR: €208.84
    GBP: £180.56
    7D Chart-6.18%
    bitcoin-cash-sv Bitcoin SV
    $234.63
    $234.63
    EUR: €193.62
    GBP: £167.40
    7D Chart-6.11%
    tezos Tezos
    $4.76
    $4.76
    EUR: €3.93
    GBP: £3.40
    7D Chart-5.98%
    havven Synthetix Network Token
    $23.28
    $23.28
    EUR: €19.21
    GBP: £16.61
    7D Chart-8.07%
    • Trending
    • Comments
    • Latest
    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    March 14, 2020
    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    March 31, 2020
    El Mejor Contrato Inteligente para ganar rápidamente Ethereum – BullRun 2.0

    El Mejor Contrato Inteligente para ganar rápidamente Ethereum – BullRun 2.0

    March 28, 2020
    HOW TO SIGN UP IN FORSAGE SMART CONTRACT  ETHEREUM  The Faculty Blockchain

    HOW TO SIGN UP IN FORSAGE SMART CONTRACT ETHEREUM The Faculty Blockchain

    February 21, 2020
    Ripple XRP Token

    Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

    0
    Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

    Bitcoin Cash ‘hard fork’ What you need to know about it

    0
    BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

    Will Bakkt Send Bitcoin’s price skyrocketing?

    0
    Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

    Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

    0
    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    February 21, 2021
    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    February 21, 2021
    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    February 21, 2021
    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    February 21, 2021
    Cryptotelegraph.com

    The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!

    Read More

    Crypto News

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Bitcoin’s Liquidity Crisis Leads to Another Demand-Driven Record High

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

    Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

    Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

    Donations Welcome

    Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq
    Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816
    Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d
    Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW

    © Copyrights 2019 Cryptotelegraph.com. All Rights Reserved.

    Contact    About    Privacy & Cookie Policy

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • ICO News
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
    • Contact Us

    © Cryptotelegraph.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.