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Closely tracked analysts predict a strong rise for leading smart contract platform Ethereum (ETH) and two additional altcoins as the crypto market bounces back.
The pseudonymous analyst Altcoin Sherpa has told his 180,600 Twitter followers that even though Ethereum has nearly doubled in value in less than two months, there is still a lot of gas left in the tank. said he believed.
Ethereum: We expect Ethereum to eventually rally to $2,200 in the medium term, but I’m not sure it can break out of the current support/resistance levels ($1,720). I’d be more bullish in the short/medium term.
At the time of writing, Ethereum is trading at $1,702.
Next up is the popular blockchain-based game Axie Infinity (AXS). Altcoin Sherpa thinks Axie Infinity has room to ignite a salvation rally, but remains cautious about whether AXS can actually achieve his monstrous goals.
What do we think of this kind of idea? I don’t know if it has the strength to go up to the $40s, but if BTC is okay, we can definitely see some kind of bear market rally. .”
At the time of writing, AXS is trading at $18.78, nearly 135% below Altcoin Sherpa’s target of $44.
The final altcoin on Trader’s Radar is LOOKS, the native asset of LooksRare, a non-fungible token marketplace. Altcoin Sherpa predicts LOOKS will rise by 50% as long as Bitcoin (BTC) remains relatively stable.
Looks: Some interesting price action. The 4-hour exponential moving average is all coming together and the price is flipping back and forth. I think this is still okay actually. [It] If BTC works well, I wouldn’t be surprised to see more than 50%.
At the time of writing, LOOKS is trading at $0.40.
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