What is the next Bitcoin? What is the next Ethereum? These are the two questions asked by those unfamiliar with cryptocurrencies and yet seeking to realise the returns advertised by the space. In truth, there is no next Bitcoin or next Ethereum. What people are really asking is which cryptocurrencies will outperform Bitcoin? Which investments in crypto will provide returns similar to Bitcoin or Ethereum?
Given the transparent responses to a poll I ran recently on the usage of rich-lists in fundamental analysis of altcoins, I learned that despite most being well aware of the utility of these tools, few implement them in their analyses, predominantly due to insufficient knowledge of the approach itself.
Hello, hello and welcome to this week's Market Outlook. There hasn't been a great deal of movement in the markets this past week, which was somewhat expected given the volatility of the prior weeks. That said, a few altcoins are doing their own thing and a few others are setting up very attractive ranges for longer-term positions; one of these being Vertcoin, which I shall cover in today's post. Beyond this, my usual structure will be maintained, featuring analysis of recent price-action in Bitcoin, Ethereum and Monero.