A popular crypto strategist says that two rivals to Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) and Phantom (FTM), have room to perform.
Pseudonym Analyst Altcoin Sherpa To tell His 190,500 Twitter followers say Bitcoin is likely to surge at least 25% from its $24,007 value at the time of writing.
BTC: The longer this stays in this area, the more bullish I am.
next sherpa To tell Solana appears to be heading towards the $30s.
Solana is doing well and should be in the mid $30s if BTC holds up. I dont know what the long term future of this coin will be.FTX/Alameda had a big bag of iirc (I If I remember correctly), no one knows how it will all be liquidated. The culture of this chain is still good.
Solana is trading at $24.89 at the time of writing.
Looking to Fantom, he has a price target of $0.60 and up. Fantom is worth $0.58 at the time of writing.
FTM: It looks very strong. I like thisIt will eventually reach $0.60ish IMO [in my opinion]
Sherpas are also considering four other altcoins.
he To tell Avalanche (AVAX) could fall more than 20% back to $17 from $21.48 at the time of writing.
AVAX: Strong move, but we will probably get lower bids around $17. High volume nodes around and some S/R levels. Now due to S/R + 200 day EMA Prices have been lowered and are acting as a resistance in these circumstances.
Then he To tell Cardano (ADA) has held up against Bitcoin, but we do not expect the price to rise significantly, especially compared to the upside potential of other altcoins. Cardano is trading at $0.40 at the time of writing.
ADA: I don’t see any reason to buy this coin. The ADA/BTC pair looks pretty good in support to be honest, but I don’t think this outperforms other altcoins in relative terms. No. Still, we have an insane community.
He said that Polkadot (DOT) has performed poorly compared to other altcoins, and he does not see the token as likely to rise.
“DOT: I don’t see any reason to buy this coin. It hasn’t had the momentum compared to the rest of the market, but it’s been performing terrible overall. Not a fan of the charts.”
Finally, he To tell STEPN (GMT) is likely to have bottomed out and rally to $0.79, up more than 38% from the $0.57 value at the time of writing.
GMT: If BTC is stable, I wouldn’t be surprised if it forms a low around here and continues to move higher into the $0.79 territory. The 200-d EMA acted as resistance, but now IMO So no problem, I still use this app every week and have invested in this app.”
Don’t Miss a Beat Subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: In the middle of the journey