On the Crypto Banter’s ‘The Sniper Trading Show,’ the analyst discussed the market, focusing on altcoin investments and long-term holdings. It is crucial to understand how different tokens perform in comparison to Bitcoin and Ethereum, the two main players in the market.
Investors can adjust their settings to view currency performance against Bitcoin or Ethereum to identify tokens that outperform Bitcoin. While not many tokens have shown significant outperformance recently due to temporary factors like dominance retesting, some tokens have shown promising performance relative to Bitcoin over the past month.
Tokens like Injective, Render, Blockstack, AVAX, Ethereum, and Sushi are showing signs of outperforming Bitcoin as Bitcoin and Ethereum attract attention and experience bullish trends. Ethereum has been outperforming most altcoins recently, with only a few exceptions like dydx, a decentralized exchange.
By comparing tokens like Solana to Ethereum, investors can see which is performing better. The analyst pointed out that platforms like Optimism can help you earn more Ethereum, and consistent patterns in charts, like the one with Cosmos, can guide smart investment moves.
It is recommended to slowly accumulate tokens like Injective and be prepared to invest when they start showing strong performance. Tokens like Theta are currently well-positioned for growth. While Ethereum is currently in focus, it is important to be ready for the next phase when altcoins may start surpassing Ethereum as seen in previous cycles.