Prediction For New Bottom For Smart Contract Ethereum(ETH) And Bitcoin (BTC) | Cryto Winter
Ethereum has experienced the most during the current crypto winter and some are of the opinion that the worst is yet to come. Other smart contract project too is suffering the same fate, some of the project are Solana.
Solana after facing various power outage problems multiple time over the expense of four months is also predicted that the price will go further down.
A crypto trader which is anonymous on Twitter is in the position that Ethereum which is regarded as the second largest crypto asset will go further bottom, which he’s predicting the market price to be around $600. In couple of tweets which he made looking at the market chart he said that;
“This area remains a high-demand zone area and if we fall out here, $600 is probably the next area up.”
He also took he’s thought on the primary asset digital currency Bitcoin which he also predicted it’s possible bottom, in he’s tweet about bitcoin he said;
Whether this is going to continue to remain kind of the so-called bottom remains to be seen, but if this is the bottom, this kind of $16,000 to $20,000 area, then we’re going to see a lot of ranging around this area.
Bottoms usually take a long time to form, and… Basically, I expect it to have a lot of volatility and then kind of range for quite some time, weeks and months, before finding a bottom.”
As of the time of writing this article Ethereum is trading at $1,086 while primary digital asset bitcoin is trading 19,960. I hope bitcoin can be able to achieve a reasonable trading price before the end of the year.
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity.
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