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🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
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'$1 Million BTC' Samson Mow Doubles Down on His Ultra-Bearish ETH Forecast - U.Today
Mow reaffirms his ultra-bearish ETH prediction
On Aug. 22, Samson Mow shared his take on when Bitcoin will reverse and start running upward again. Per the JAN3 CEO, it will happen once BTC market dominance increases again. Recently, it has declined to 58% as Ethereum was surging in price and other altcoins followed suit.
However, Mow pointed out that Ethereum was “in the final stages of this recent pump and dump.” Once ETH resumes its “long-term downtrend against Bitcoin,” BTC will rally again.
Today, he cited that tweet, saying, “Not to say I told you so, but…” He stated that the largest altcoin, Ethereum, has shed 12.7% since Sunday, losing the $4,956 level and landing at $4,327 on Monday.
By now, ETH has rebounded a little and is changing hands at $4,478.
Ethereum follows Bitcoin closely
However, Ethereum has closely followed the price movement of Bitcoin. The latter has lost 4.77% since Sunday, and by now has regained 1.08%. Bitcoin shed 7.08% on Monday.
Currently, BTC is trading at $110,171 per coin.