Crypto Updates

One Crypto Sector Will Provide the Most Upside in Next Bull Cycle, According to Top Trader


A trader who called the end of the Bitcoin (BTC) uptrend in 2021 says he’s keeping a close watch on one crypto sector that he thinks can outperform in the next bull market.

Pseudonymous analyst Pentoshi tells his 691,100 Twitter followers that he believes crypto’s gaming sector will see big gains in the next bull cycle.

Pentoshi says his thesis stems from the idea that blockchain-based gaming could accelerate the adoption of crypto.

“I strongly feel that gaming will provide the most upside next bull run. It’s something almost anyone from any culture can relate to that’s easy to understand and digest.

Most people don’t care about 99% of what crypto projects pretend to solve.” 

Pentoshi goes on to say that he’s looking to invest millions of dollars in the crypto sector.

The crypto strategist is also keeping an eye on the altcoin markets, which he says could still witness months of sideways price action even after its brutal bear market over the past year.

“Couldn’t have drawn this any better from the bounce to the new low to the sideways time based capitulation

I think we still have around a year left or so of chop for most alts as we sit around 2018 levels, most gave back all their gains from 2022 lows

Stated multiple times, this would be more of a year for accumulation vs. trend based outside isolated trends.” 

Source: Pentoshi/Twitter

Pentoshi appears to be looking at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin and Ethereum (ETH).

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Denis Maliugi/Baroeki Std

Click Here to Read the Full Original Article at The Daily Hodl…