Crypto traders with ‘emotionless approach’ to do well this cycle — Exec
Main Idea
Crypto traders who adopt an analytical and emotionless approach are likely to succeed in the current market cycle, with altcoins expected to gain momentum after Bitcoin's dominance peaks.
Key Points
1. Mena Theodorou of Coinstash advises traders to follow patterns and avoid emotional decisions to perform well in the crypto market.
2. Bitcoin's dominance is expected to peak before altcoins, including memecoins, experience significant price movements.
3. Bitcoin reached a new high of $123,100 on July 14, but its dominance has fallen 7.44% over the past 30 days, while Ether has risen 20%.
4. Arthur Hayes predicts Ether could reach $10,000 by year-end, citing its resurgence and changing market sentiment.
5. Michael Saylor believes Bitcoin's downside is limited, with potential to reach $1 million, while Xapo Bank CEO Seamus Rocca suggests a 'cataclysmic' event could trigger significant market movement.
Description
As traders try to guess the crypto market’s next move, Coinstash co-founder Mena Theodorou says sticking to historical trends is still the smartest move.
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