Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	63,674,904,933	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

63,674,904,933

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.830	0.58%	144.48	144.50	144.52

Price Change

Price Change %

Current Price

Bid Price

Offer

0.830

0.58%

144.48

144.50

144.52

High Price	Low Price	Open Price	Prev. Close	52 Week Range
146.40	142.25	143.75	143.65	13.00 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

146.40

142.25

143.75

143.65

13.00 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:30:26	8.94	144.45	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:30:26

8.94

144.45

USD

Price x Volume	Volume	Base Symbol	Related Pairs
23,593,858.21	163,585.40	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

23,593,858.21

163,585.40

Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know

23/04/2024 2:00am

NEWSBTC

Renowned crypto analyst Lark Davis recently shared insights into the world of altcoin and decentralized finance (DeFi), offering high-risk, high-reward options and established projects. During a live stream, Davis discussed his current portfolio holdings, while emphasizing the volatility inherent in these markets. High-Risk Ventures Altcoin And Established DeFi Projects During his discussion, Davis advised against investing in Bitcoin SV (BSV), expressing doubts about Craig Wright’s claim to be Satoshi Nakamoto. He emphasized the importance of doing thorough research before investing in cryptocurrencies. Related Reading: Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving Additionally, he mentioned Bitcoin Cash (BCH) as a potential candidate for the next ETF approval in the US due to its slight variations from Bitcoin. Regarding altcoins and DeFi, Davis highlighted different projects in his portfolio, including “Puff, Benji, and Foxy,” which he categorized as “high-risk, high-reward ventures.” Davis also mentioned DeFi projects like “Jup and Arrow,” which are known for their governance features and staking rewards. Furthermore, Davis discussed projects with considerable potential for growth, such as Solana, Trader Joe, and Mantle. However, he emphasized these investments’ volatile nature and recommended that viewers approach them cautiously. In addition to Davis’s insights, Solana has recently become the fourth-largest cryptocurrency by market capitalization, surpassing XRP and Dogecoin. With a market cap of $68.7 billion and a price of $154.66 at the time of writing, Solana’s rise reflects growing interest in the project. Analysts’ Perspectives On Altcoins Meanwhile, analysts offer contrasting views on the future of altcoins. Altcoin Sherpa suggests that these alternative tokens may stagnate for 1-4 months, needing time to consolidate after a significant run. It’s quite possible that altcoins are done for the next 1-4 months. There are certainly going to be outliers but I think that the majority need time to chill out and consolidate after such a big run. The scary thing is that many alts didn’t even run that hard over the last few… pic.twitter.com/sGke8PT5yw — Altcoin Sherpa (@AltcoinSherpa) April 16, 2024 However, Crypto Jelle presents an opposite outlook, suggesting that altcoins could rally massively in the coming months. Related Reading: Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why Crypto Jelle points to historical patterns, noting that altcoins typically consolidate after breaking out from a resistance zone before entering a new bull run. If history repeats itself, altcoins could demonstrate significant growth potential shortly. It’s about time for #Altcoins to remind everyone what they’re capable of. Looks primed to go on a massive rally in the coming months. I’m ready. pic.twitter.com/qru4GksczF — Jelle (@CryptoJelleNL) April 12, 2024 Featured image from Unspalsh, Chart from TradingView

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SOLUSD Solana