One of the biggest billionaires in the universe Cryptocurrency bitcoin (BTC) has expired and his reign in the crypto world has come to an end. Therefore, although the file BTC I will continue Being one of the most relevant cryptocurrencies in the market, it will be surpassed by two Altcoins.
This is the prediction of CEO Mark Cuban, who made his fortune in the cryptocurrency world through Bitcoin. aboutFor him, BTC was important and paved the way for other crypto assetsbut now who will dominate the market is to focus on cryptocurrency Smart contracts.
Cuban revealed that institutional investors are already keeping their eyes on both Polygon (maticLike the word EthereumETH). The billionaire highlighted that his market bet is focused on these cryptocurrencies.
“I am accumulating a lot of matec and ethereum,” he said.
Along the same lines with Cuban, Brett Harrison, President of FTX.US, Announces Big Investor’s Bet On Cryptocurrency Based On Proof Of Stake (PoS) And while Ethereum has yet to definitively transition to PoS, expectations regarding the change and the seriousness that developers are taking for the process have investors excited.
Bitcoin should dictate the path so far
However, while in the Cuban prediction, Matic and Ethereum are expected to outperform Bitcoin, at the moment, BTC is setting the trend for the cryptocurrency market cap, so if BTC goes into a downtrend again throughout the year, the market should follow suit.
About Bitcoin Price, Tami Da Costa, Analyst at DailyFXhighlights that BTC is not an asset that is exempt from macroeconomic jitters, so the increased geopolitical risks are affecting the cryptocurrency, forcing it to return to the $40,000 level, which served as a support.
According to da Costa, with tensions between Russia and Ukraine still high, the uncertainty surrounding the conflict and other developments has weighed on risk appetite, pushing investors away from bitcoin and other “riskier” securities and into safer assets.
“While fundamentals remain at the forefront of sentiment, the imminent course of the cryptocurrency market largely depends on how the situation in Ukraine plays out, as this is likely to be the main determinant of risk appetite in the coming weeks. If tensions remain high, a test of the lows in January ($32,933) likely leaves the door open for a retest at $28,000.”
On the other hand, she says, if the bulls can retaliate and continue to stay above $40K, the price action could retest $44,000.
Read more
“Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja.”