The first rule of what traders can expect from the crypto market is volatility. So what’s the second rule? Well, that’s more volatility. Last month, several slumps in Bitcoin prices were followed by a drop in the price of altcoins and a larger 43% drop in total crypto market capitalization was observed at press time. While most of the top coins like Ethereum and Cardano have fallen 40-50% against ATH, they managed to save themselves from bottoming out.

Many investors have redefined their strategies and sought a safe haven while others have remained confident. Amid developments, analyst Jason Pizzino said he was optimistic about Ethereum over the long term, although he believes ETH will fall against Bitcoin in the near future.

As the market rebounded from recent lows, the analyst discussed several crypto assets. Regarding Ethereum, Pizzino said:

“… ETH, I’m ready to hold … I still think it has to fall a little more. It’s starting to slow down. I wouldn’t be surprised to see a bit of a rebound here, maybe 6%, maybe more, to retest those lows before it drips further. “

The YouTuber pointed out that he is particularly interested in Cardano (ADA) as it holds its value better than other alts during the recent sell-off. He pointed out that the ADA / BTC chart has only declined 18% since the May 15 recession.

Source: Jason Pizza

Speaking to Cardano, the analyst added:

“Cardano looks very strong. This is one of the cryptocurrencies that I would buy if I saw it base before other cryptocurrencies. Like I said, I wouldn’t buy an Alt, but ADA definitely attracts attention for how powerful it is. “

Pizzino pointed out that May 15th was an intense day in crypto history and although Bitcoin is falling, all other altcoins are beating their own ATHs.

Speaking for Solana (SOL), the analyst says it is “even stronger than ADA” as it has held its own against BTC since falling on May 15.

“SOL / BTC was on the right track and did well on May 15th. So it has not lost any value to Bitcoin since then … In my opinion this is very strong and as I mentioned there are several now Coins “that I’m going to start using the DCA price averaging strategy, Solana is one of them. Cardano is likely a different coin, but Solana seems a bit stronger. The ETH is probably also an alternative, but I’m still waiting for that. “

Interestingly, when looking at the ROI for ADA, ETH and SOL, Solana had the highest ROI in the last 90 days and over a year versus USD, +65.86% and +3835%, respectively. The 90-day and one-year ROI of ETH are + 1.14% and + 834.82%, respectively. On the other hand, ADA’s 90-day ROI is 9.88% and one year is +1267.33%.

Annie

According to Ambcrypto

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