Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Heavily-followed pseudonymous crypto trader Cold Blooded Shiller scored the three main cryptocurrencies, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL), according to their comfort level and upside potential for bigger investments.
What Happened: In a Thursday post on X, Shiller stated that all three make “a compelling argument” for a bigger portion of capital.
He sees Bitcoin as offering the strongest downside protection and the easiest market to position for. Shiller stated that he “would be targeting six figures from here” and therefore still a very good move for a larger capital pool depending on where the correction ends” after the correction ends. He rates Bitcoin 9/10 for comfort and 6/10 for upside potential.
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Despite Ethereum's recent performance, Shiller sees surprise potential, noting that the last time Ethereum was considered weak at $2,000, a trade yielded fantastic results. He believes a similar opportunity may arise if it drops below $3,000. He rates Ethereum 6/10 for comfort and 8/10 for upside potential.
Shiller also praised Solana, calling it the “golden child of the cycle.” Despite the potential for an aggressive downside, he views any exaggerated downside as an opportunity to take advantage of others’ weaknesses. He rates Solana 7/10 for comfort and 9/10 for upside potential.
The trader concluded by stating that the base of his portfolio after the correction will be built around Solana, given its continued spikes in traffic, much of the altcoin action and an ecosystem that continues to adapt and grow.
His views come as Bitcoin enters a “danger zone,” according to another trader. The analysis provides valuable insights for those looking to navigate the current market conditions.
What’s Next: The influence of meme coins and Bitcoin as an institutional asset class are topics expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: ‘Forget Bitcoin Price Targets’: Crypto Expert Says 30% Of Cycle Top Metrics Are ‘High Risk’
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