Optimism was the top earner of the week, with an incredible 98% performance since last week. Meanwhile, FIL, ICP, GRT, CHZ, and DOT are rising in popular coins alongside most altcoins. 5 top crypto analysts say that these 5 altcoin projects will develop independently of Bitcoin.
These 5 altcoins have offered double-digit overnight gains
Analysts are optimistic about altcoins like Filecoin, Internet Computer, The Graph, Chiliz and Polkadot. These altcoins recorded double-digit gains overnight, reaching significant price levels in the current cycle.
FIL, ICP, CHZ, DOT give analysts a lottery feel
cryptocoin.com As you follow, the altcoin market recovered from the decline following the FOMC rate hike announcement. Thus, crypto investors have achieved double-digit gains after a long hiatus. Amid the turbulence in the crypto market, CoinBureau analyst “Guy” says to his 2.09 million YouTube viewers, especially the liquidation in the second quarter of 2022 set the stage for a significant rally.
Despite this, markets are aware of the macroeconomic outlook that has triggered the recent crypto bloodbath. Analysts are not ignoring a potential major correction. But contrary to Guy’s views, “Ed NL” admitted there were “lottery-like” sentiments that gave Filecoin (FIL) investors 37% gains:
Taking a position in altcoins looks like a lottery again… I set my alarms to break this key level, only saw +27% overnight.
Trading alt coins seems like a lottery again……
Setting alerts for a break of that key level, only to wake up to +27% overnight 🙄$FILWhat set up are you eyening? pic.twitter.com/3h33EPrLEm
— Ed_NL (@Crypto_Ed_NL) July 30, 2022
Other altcoins that bring big returns to investors include ICP, GRT, CHZ, and DOT. Meanwhile, crypto analyst nicknamed AVCrypto has revealed that altcoins are on the rise during Bitcoin dips. Major pullbacks in Bitcoin often offer investors an opportunity to save. At the same time, price increases and smaller sales result in altcoin rallies.
The analyst’s narrative fits in with the current situation where Bitcoin is gaining 3% and FIL, ICP, GRT, CHZ and DOT are offering double-digit gains to their holders.
Biggest W today was when one of the best traders I know agreed to my thoughts re: BTC vs Alts debate.
Don't know who needs it, but think it's worth putting into perspective.
Considered it my edge (decaying already imo) for a long while now. pic.twitter.com/4r3t6aJePc
— AV (@AVCrypto_) July 26, 2022
Altcoin Sherpa says a minor correction is imminent
Altcoin Sherpa, one of the leading technical analysts, said that a higher peak is imminent in Bitcoin. Highs of 20,000 are likely in the coming weeks and altcoins are “still in development,” regardless of BTC price action, according to the analyst. Sherpa also says that the altcoin rally will not be affected by a massive recovery in Bitcoin.
Analysts identify three altcoins with bullish potential
Analysts at FXStreet evaluated the current altcoin rally and identified three altcoins with huge bullish potential. According to analysts, QTUM, KNC and TRB may offer gains to their investors under certain conditions.
