Veteran trader evaluates Bitcoin, Ethereum and Solana: this is his “golden child”

Fake cryptocurrency trader with many followers cold blooded scillah Score the three major cryptocurrencies, Bitcoin (Crypto: BTC), Ethereum (Crypto: ETH), and Solana (CRYPTO: SOL), depending on your comfort level and upside potential for a larger investment.

what happened: In Thursday's post XShiller said all three are making “compelling arguments” for a larger portion of the capital.

He believes Bitcoin offers the strongest downside protection and the easiest market to take positions on. “We're aiming for six digits going forward,” and even after the correction ends, “depending on where the correction ends, this could be a very good move toward expanding the capital pool.” He rates Bitcoin's comfort level at 9/10 and its upside potential at 6/10.

Also read: Bitcoin Spot ETF records $113 million in net inflows on Wednesday, grayscale outflows continue

Despite Ethereum’s recent performance, Shiller believes there is potential for surprises, noting that the last time Ethereum was considered weak at $2,000, trades yielded great results. He believes a similar opportunity could present itself below $3,000. He rates the comfort level of Ethereum at 6/10 and the upside potential at 8/10.

Schiller also hailed Solana as “the golden child of the cycle.” Despite the potential for aggressive downsides, he considers exaggerated downsides to be an opportunity to exploit the weaknesses of others. He rates Solana's comfort at his 7/10 and climb potential at 9/10.

The trader concluded by stating that the foundation of the revised portfolio will be built around Solana given the continued spike in traffic, a lot of altcoin activity, and an ecosystem that continues to adapt and grow.

Another trader said his views come as Bitcoin enters a “danger zone.” This analysis provides valuable insights for those looking to navigate current market conditions.

what's next: The impact of memecoins and Bitcoin as an institutional asset class is a topic expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on November 19th.

Read next: 'Forget about Bitcoin price targets': Cryptocurrency expert says 30% of cycle-topping indicators are 'high risk'

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