CryptoBusy analyst Josh discusses the techniques of 3 altcoin projects that are likely to launch soon this year. It also reviews the technical analysis, price predictions, and key buy levels of these altcoins.
First altcoin project Moonbeam (GLMR)
Moonbeam is an Ethereum compatible smart contract para-chain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redistribute Solidity projects in a Substrate-based environment. It’s up about 9% or 10%, and that’s because it actually hit one of the key levels, according to the analyst. Analyst says:
We’re already up to 2.74 for Moonbeam. This altcoin will be successful and we will soon see it recover $6 and even go beyond that. The final official peak is about $15 or $16 and will get there again in the next few months.
Next altcoin on the list VeChain (VET)
VeChain is a versatile enterprise-grade L1 smart contract platform. VeChain started in 2015 as a private consortium chain working with a number of businesses to explore Blockchain applications. The analyst makes the following assessment for the altcoin:
We broke the bull trend level where we did not fall below 0.039 cents. This shows that we are still bullish and then we come to this demand level between $0.044 and $0.047. We can get as high as about $0.05 and if VET can break $0.053 and especially $0.057, the aftermath is in the sky.
Latest upcoming project: The Sandbox (SAND)
in detail from articles on Cryptokoin.com Sandbox, which you may know, is a Blockchain-based virtual world that allows users to create, buy and sell digital assets in the form of a game. According to the analyst, it’s something you should watch out for as this has been consolidating in a downside wedge for some time. The analyst states that this will be a huge exit and can take his investors from the bottom to the top and adds:
If we can return to a high level, at least 350%. It is not showing enough bullish momentum, but it could at least break the $3.53 or $3.8 range. If we can show a suitable breakout, that’s where we could start seeing crazy gains.
