Altcoins
Crypto Analyst Delves into Shiba Inu, Cardano and Litecoin, Reveals Bullish Cryptocurrencies
Cryptography researcher and analyst Trade The Flow has provided the crypto community with trading ideas that it believes could help them be profitable despite unstable market conditions. Interestingly, he revealed his bearish sentiment towards Shiba Inu (SHIB), Cardano (ADA)And Litecoin (LTC) while stating these business ideas.
Trading Long/Short Pairs for Shiba Inu, Cardano and Litecoin
Trade The Flow mentioned in an X (formerly Twitter) job This long/short pair trade is something that works well in these choppy conditions. Based on this, he outlined several long/short pair trades that one could execute. First, he mentioned the desire Bitcoin (BTC) and short circuit Litecoin. He said the business idea was “pure common sense”.
He then explained why the desire for Bitcoin was a good idea, noting that the “market leader” just added an ETF and is recognized worldwide as digital gold. On the other hand, Flow The Trade pointed out that a short Litecoin which is an “old PoW dinosaur piece without network effect and without upstream catalyst.
The second business idea mentioned by the crypto analyst was to buy Ethereum and sell Cardano. He said this trade idea was similar to the “Long BTC/Short LTC” exchange he first mentioned. He said: “You aspire to an L1 (Ethereum) which is about to have your own ETF and with lots of new layers and protocols built on top of it. » On the other hand, he added that a short “a dead L1 (Cardano)” which, according to him, has “no real activity close to zero.”
Flow The Trade mentioned Pepe’s Desire (PEPE) and Shiba Inu shorting. He noted that this is a pairs trade between the two big coins meme on Ethereum. He explained: “The idea is to keep the most established meme in crypto culture (PEPE) which continues to attract a lot of market attention. » On the other hand, he suggested that bypassing Shiba Inu is a good idea because, in his opinion, his time has passed.
Other Long/Short Pair Trading Ideas
Flow The Trade also mentioned other long/pair trading ideas including Pendle’s desire and short ONDO. He acknowledged that it was a pair swap between two tokens with the same narratives, but noted that they had “big differences in their protocol metrics.” He claimed that ONDO FDV/TVL The ratio “makes less sense” to him, and he expects the FDV/TVL ratio to reverse, especially as large token unlocks approach.
Desire Lido (LDO) and short circuit Ether.fi (ETHFI) is another trade mentioned by Trade The Flow. He noted that it was “more of a classic pair swap between two liquid staking protocols on Ethereum.” He explained that Lido’s TVL is 5x higher than Ether.fi, but the latter’s FDV is 1.3x higher than Lido and Ether.fi also has a low float, with $160 million token unlock expected soon.
The crypto analyst claimed that this transaction was a bit riskier, but noted that ETHFI’s low float made it “prone to more explosive price movements.”
Featured image created with Dall.E, chart by Tradingview.com