In this video, I discuss the recent turbulence in the cryptocurrency market, focusing on a significant downturn that seemed to impact altcoins even more than Bitcoin. Following a personal reflection on the need to zoom out and gain a broader perspective on the market's cycles, I delve into an analysis of various cryptocurrency charts including Cardano (ADA), Ethereum, Chainlink, and Solana. I highlight the relative performance of these cryptocurrencies, noting how Solana's recent surge stands out, particularly against the backdrop of ADA, Ethereum, and Chainlink's gains, which align more closely with each other. I emphasize the importance of understanding the unique dynamics of this cycle, such as Bitcoin's behavior around its halving and its all-time highs, and the anticipated effect on altcoin markets. Drawing parallels to previous cycles, I argue against the notion that older cryptocurrencies are becoming irrelevant, using Chainlink's consistent performance and utility as a case study. I also address the current state of Bitcoin dominance and altcoin season expectations, suggesting that patience and a long-term perspective are crucial in navigating the crypto market's cycles. I conclude by sharing a personal stance on market timing, especially regarding Cardano's price movements in relation to Bitcoin's halving, and invite viewers to subscribe and share their thoughts.
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Intro 00:00 Grateful 00:35 Bitcoin looks…normal 1:00 Solana vs. Cardano, Ethereum, Chainlink 1:30 One important Bitcoin point 3:00 It’s not even Bitcoin halving! 4:45 Altcoins this time last cycle 5:40 Chainlink data incredibly helpful 7:00 Many people are way ahead of themselves 10:00
*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.
*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
