CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

DOGE and ARB Are Best for Altcoin Season, Thinks Prominent Crypto Trader | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com


DOGE and ARB Are Best for Altcoin Season, Thinks Prominent Crypto Trader appeared on u.today by U.Today.

Gamza Khanzadaev

Andrew Kang of Mechanism Cap does not rule out altcoin season soon, but only for best of them

Prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has not stayed away from active discussion in the crypto community on the topic of a possible altcoin season and gave his views on the matter.

Focus is shifting

Kang is inclined to suggest that a rally in the price of anything other than Bitcoin (BTC) is taking place, as the latter’s dominance is starting to lose momentum. As illustrated by the trader on his BTC.D chart, the indicator has reached a strong level of resistance at current levels around 47.8%. Of the last six times Bitcoin’s dominance has reached these heights, it has managed to go even higher only once, in the summer of 2018.

Bitcoin Dominance Chart by CoinMarketCap

That said, the crypto investor believes that if altcoin season is to begin, it will only be among the best of them. Kang lists three cryptocurrencies as such in his post at the moment: Ethereum (ETH), Dogecoin (DOGE) and Arbitrum (ARB). While the first one is understandable given its position on the crypto market, the investor’s choice of the latter two tokens is quite curious.

However, putting aside all arguments for or against one or the other, it can definitely be highlighted that these are probably the two most discussed altcoins right now. Maybe Kang’s bet is that due to the crowd’s intense focus on DOGE and ARB, there will be a corresponding influx of liquidity and strong momentum in their price action.



FEATURED ‘News of the Day’, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on u.today by U.Today – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like DOGE and ARB Are Best for Altcoin Season, Thinks Prominent Crypto Trader

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like