TechFlow News, cryptocurrency analyst and Tia Crypto blog host Jason Pizzino believes that due to the upcoming Bitcoin halving and the U.S. presidential election, small-cap cryptocurrencies may outperform Bitcoin in gains this year.
Pizzino pointed out that the Bitcoin halving could pause market corrections, while the election might be an even bigger event. He expects Bitcoin to adjust to around $37,000 in the short term. Although BTC and Ethereum are expected to generate returns this year, the analyst believes small-cap cryptos will perform better in the later stages of the bull market.
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