Cryptocurrency expert names cryptocurrencies that will be the most stable by the end of the year

Popular cryptocurrency analyst and trader Chris Bruniske, who identified the bottom of the cryptocurrency market in 2022, claims that Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are «at price bottom.»

The former ARK Invest CEO tells his followers on platform X that BTC, ETH, and SOL will probably not experience a significant drop this calendar year. However, the analyst warns of «vultures» that may encourage crypto enthusiasts to artificially lower prices.

«While 2019 is a useful context, I don’t think BTC, ETH, and SOL will set new lows in '23 — I think 2022 was the year of the low.That doesn’t mean we won’t take a hit, but if I’m right, it means the long-term uptrend will continue into '24 and '25 — beware of the vultures who will never buy,» the crypto expert wrote.

It is worth noting that BTC, ETH, and SOL, as well as other cryptocurrencies, have fallen in price over the past week. Thus, in seven days, BTC fell by 12%, ETH — by 10.4%, and SOL — by 15.7%

Bruniske is confident that thanks to decentralized finance (DeFi), bitcoin could come out of the last bear market. The expert cites Friend. Tech (FT), a new social web3 application built on the second-level Ethereum Base chain powered by Coinbase, as an example of what the next bull cycle could entail.

«To pull us out of the depths of the last bear cycle, DeFi games were created to get the monkeys to play. It follows that social games like FT are the catalyst for the monkeys in this cycle. The apesalways join first — the rest of society comes later when the experience is more clear,» Bruniske emphasized.

At the time of writing, the flagship cryptocurrency is trading at $ 26,075. The market capitalization amounted to $ 507.53 billion, and daily trading transactions amounted to $ 12.85 billion. The market dominance of BTC increased to 48.3%.

The leading altcoin is worth $ 1,665 with a market capitalization of $ 200.16 billion. Traders made daily trading deals worth $ 4.73 billion. Ethereum’s market share was 19%.

As for Solana, the asset is currently trading at $ 21.14. The market capitalization was fixed at $ 8.62 billion, and daily trading transactions exceeded $ 324.32 million.