Cryptosy, a cryptocurrency analyst, announced that he expects bullishness for four altcoins traded on Binance. Here are the details…
Analyst hopeful for these four altcoins
Events like the FTX crash and the Terra-Luna crash are creating a sense of fear in the crypto market, while institutional investors refuse to back down. Even cryptocoin.com As we reported, Goldman Sachs recently announced that it will invest tens of millions of dollars in crypto firms. The current market scenario requires extreme patience. However, the result of patience is often rewarding, according to analyst Cryptosy. Saying that he earned 10 times the profit according to his articles on Medium, the analyst shared the altcoins that will increase its return from 10x to 50x in the coming period.
Algorand (ALGO)
Algorand; It is the native cryptocurrency of Algorand, a blockchain network designed to achieve decentralization, security and speed. Fast transactions are one of the biggest requirements in global finance. Algorand is known to exceed one thousand TPS (transactions per second). There are many who use Algorand’s technology in traditional finance as well. The current market price of ALGO is approximately $0.22, down 93.9 percent from the previous all-time high (ATH) of $3.28. If he breaks his previous ATH, he gains about 15x. However, the analyst expects the altcoin’s price to record much higher levels.
Dogecoin (DOGE)
The ultimate king of meme coins is an altcoin on the analyst’s list. The crazy hype around the projects is coming to an end, according to the analyst. The analyst points to increased community support. It also highlights the support of many optimistic investors and industry leaders like Elon Musk. He calls these the reasons why he expects a rise in DOGE over the long term. The analyst points out that DOGE, which is currently changing hands at $0.094, is at an all-time high of $0.68. For this reason, he states that he expects at least 10 times the return from DOGE.
Trust Wallet Token (TWT)
TWT is the token of the popular mobile crypto wallet Trust Wallet. The analyst points out that the demand for wallets like Trust Wallet will increase given the growing distrust towards centralized exchanges. He points out that this is why Binance has joined hands with Trust Wallet to support the crypto economy. TWT has witnessed insane growth over the past few days. It is trading around $2.13, up nearly 100 percent from the $1.2 support level. TWT’s all-time high is $2.7. According to the analyst, the token will likely break its record with continued adoption of the wallet.
Binance Coin (BNB)
The last coin that the analyst drew attention to was BNB. As it is known, BNB is the coin of Binance, the world’s largest crypto money exchange with its trading volume. At a time when other centralized exchanges are struggling to keep users’ confidence in themselves, Binance seems indifferent to what’s going on around. The exchange has partnered with Trust Wallet and advocates customer-centric regulations in the industry. Therefore, the analyst expects BNB to rise in the long term. The current market price is $268, while the all-time high was $690.
