For the previous two days, the price of bitcoin has been steadily rising, and this trend appears to be continuing. Ethereum is on its way up, following the major surge.
Over the previous 24 hours, the general market has regained positive momentum. With a gain of 5.56 percent, Bitcoin has outperformed Ethereum, which is up 2.09 percent.
Solana, a rival to Ethereum, reached an all-time high of $260 on November 7 to become the world’s fourth-largest cryptocurrency.
How will Bitcoin, Ethereum and Solana perform further?
Bitcoin and Ethereum are still showing signs of strength, according to a famous crypto strategist and trader, but one large-cap altcoin is far stronger than the two main crypto assets.
The Crypto Dog, a pseudonymous industry analyst, informs his 666,900 Twitter followers that Bitcoin (BTC) is looking optimistic as it threatens to print a new all-time high.
“Can’t forget or discount how bullish BTC is.Bullish consolidation at all-time highs. It’s going to trend hard soon.Prime set up, safest, most worry-free asset on the planet. There is no greater comfort than cold storage Bitcoin”.
The Crypto Dog believes Ethereum (ETH), the dominant smart contract platform, is holding up well as it trades in an ascending channel. Ethereum has just printed a new all-time high of $4,729, indicating that it is following the trader’s upward channel.
Although The Crypto Dog is positive on Bitcoin and Ethereum, he claims that one hot cryptocurrency is surpassing both.
Platform for smart contracts Solana is the fourth-largest cryptocurrency, with a gain of over 53% in the last 30 days. Bitcoin and Ethereum, on the other hand, are up 21% and 32.6 percent, respectively, over the same timeframe.
“Either ETH is about to fall off a cliff or SOL is about to moon. Not sure what else could happen with this setup… (I’m pretty bullish ETH).”
The prominent crypto analyst is also keeping an eye on the SOL/ETH combination, anticipating that the value of Solana would climb quicker than that of Ethereum.