Logo
Cardano Ecosystem

The Daily Hodl

02/02/2023

·

171 views


Bitcoin, Solana and Additional Ethereum Rival Have Higher To Go, Says Top Crypto Analyst – Here Are His Targets - The Daily Hodl

A popular crypto strategist says Bitcoin (BTC) and two Ethereum (ETH) rivals, Solana (SOL) and Fantom (FTM), have more room to run. Pseudonymous analyst Altcoin Sherpa tells his 190,500 Twitter followers that...

Bitcoin, Solana and Additional Ethereum Rival Have Higher To Go, Says Top Crypto Analyst – Here Are His Targets - The Daily Hodl

A popular crypto strategist says Bitcoin (BTC) and two Ethereum (ETH) rivals, Solana (SOL) and Fantom (FTM), have more room to run.

Pseudonymous analyst Altcoin Sherpa tells his 190,500 Twitter followers that Bitcoin is likely to surge at least 25% from its $24,007 value at time of writing.

“BTC: The longer that this hangs around this area, the more bullish I am. I think that it’s quite likely that we see a gap fill up to $30,000 eventually.”

Image
Source: Altcoin Sherpa/Twitter

Next, Sherpa says Solana appears headed to the $30 range.

“Solana has done well and it should go to the mid-$30s if BTC holds up. I’m not sure what the long-term future for this coin is, FTX/Alameda had a big bag of it iirc (if I recall correctly) and who knows how that’ll get liquidated. The culture of this chain is still good though.”

Image
Source: Altcoin Sherpa/Twitter

Solana is trading for $24.89 at time of writing.

Turning to Fantom, he sets a price target of more than $0.60. Fantom is worth $0.58 at time of writing.

“FTM: Looks extremely… strong, I like this one. It will eventually hit $0.60ish IMO [in my opinion].”

Image
Source: Altcoin Sherpa/Twitter

Sherpa also looks at four other altcoins.

He says Avalanche (AVAX) is likely going to retrace to $17, a more than 20% decline from its $21.48 value at time of writing.

“AVAX: Strong move but you probably still get some bids lower at like $17. High volume node around there and some S/R levels. Price currently pulling back due to S/R + 200-day EMA, which acts as resistance in these situations.”

Image
Source: Altcoin Sherpa/Twitter

Next, he says Cardano (ADA) is holding up against Bitcoin but he doesn’t expect a strong rally in price, especially when compared to the upside potential of other altcoins. Cardano is trading at $0.40 at time of writing.

“ADA: I don’t really see any reason to buy this coin. The ADA/BTC pair looks pretty good to be honest and at support but I don’t think this outperforms other altcoins relatively. Still, it has an insane community.”

Image
Source: Altcoin Sherpa/Twitter

He says Polkadot (DOT) is underperforming relative to other altcoins and does not see a strong case for the token to move to the upside.

“DOT: I don’t see any reason to buy this coin. It’s unpumped relative to the rest of the market but it has performed horribly overall. Not a fan of the chart.”

Image
Source: Altcoin Sherpa/Twitter

Lastly, he says STEPN (GMT) is likely forming a bottom and will rally to $0.79, a more than 38% increase from its $0.57 value at time of writing.

“GMT: Wouldn’t be surprised if this forms a low around here and continues higher to the $.79 area if BTC is stable. 200-d EMA acted as resistance but it’s still ok for now IMO. I still use this app every week and invested in this one.”

Image
Source: Altcoin Sherpa/Twitter

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on The Daily Hodl

ORIGINAL SOURCE

https://dailyhodl.com/2023/02/02/bitcoin...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from The Daily Hodl

See more
Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon - The Daily Hodl
The Daily Hodl
Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon - The Daily Hodl

03/18/2024

·

12 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)