The crypto strategist who accurately called the bottom of the 2018 bear market says he\u2019s one altcoin looks strong during the current correction.<\/p>\n\n\n\n
The pseudonymous analyst known as Smart Contracter\u00a0tells<\/a>\u00a0his 208,500 Twitter followers he\u2019s surprised how well smart contract platform Binance Coin (BNB) has held up against\u00a0Bitcoin<\/a>\u00a0(BTC) during the latest bear market.<\/p>\n\n\n\n \u201cReminds me of [Ethereum] in 2017. When I do start longing with the intention of the bottom being in, BNB is gonna be one of \u2019em for me.\u201d<\/em><\/p>\n\n\n\n Binance Coin<\/a> is trading for $218.18 at time of writing, down over 2% in the past seven days.<\/p>\n\n\n\n Smart Contracter has compiled a list of developments he says indicate the bear market bottom is near. First on the list is a tweet from economist Alex Kr\u00fcger, who notes that Google searches for \u201cBitcoin dead\u201d hit all-time highs over the weekend.<\/p>\n\n\n\n The strategist also notes<\/a> the Fear and Greed Index is displaying a six rating, which indicates \u201cextreme fear.\u201d The Fear and Greed Index measures market sentiment with values ranging from 0 to 100.<\/p>\n\n\n\n The analyst also thinks<\/a> news of crypto hedge fund Three Arrows Capital\u2019s staggering losses is another sign that the bottom is near.<\/p>\n\n\n\n Smart Contracter said\u00a0last week<\/a>\u00a0that both BTC and top altcoin\u00a0Ethereum<\/a>\u00a0(ETH) have gone through a capitulation phase and are now trading at a price area that he says offers strong support for the two leading crypto assets by market cap.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The crypto strategist who accurately called the bottom of the 2018 bear market says he\u2019s one altcoin looks strong during<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3456,3426,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9788"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9788"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9788\/revisions"}],"predecessor-version":[{"id":9789,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9788\/revisions\/9789"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9788"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}