According to crypto analysts, these 9 altcoins are preparing to debut. In addition, analysts examined these altcoins in detail.
Altcoins followed by the analyst
A closely-followed crypto trader believes that Bitcoin (BTC), Ethereum (ETH) and another smart contract protocol are likely set to rally.
Crypto analyst nicknamed Inmortal told his 194,000 Twitter followers that he believes Bitcoin retests support, possibly around $24,000, before it fires the next leg and then breaks. At the time of writing, Bitcoin is worth $24,167 and is still well above Inmortal’s invalidation point of $23,800.
Looking at Ethereum, Inmortal shares an inverted chart of ETH, showing that it expects the leading smart contract protocol to rise as high as $2,100. cryptocoin.com According to data, ETH is worth $ 1,651. As the crypto strategist looks at Ethereum rival Solana (SOL), he expects the altcoin to fluctuate once it rises above a key resistance area.
Inmortal also says Solana is a “bear market persuasion game.” “I got a lot of taunts as I continued to accumulate SOL around $14, much more than when I bought ETH around $100 in 2019,” the analyst said. I’m saying today, I said it when it was at $8, and I’ll say it when it hits an all-time high.” said. However, SOL is trading at $24.42. Inmortal also monitors Chainlink (LINK). According to the analyst, LINK will likely explode if it rises above $9.
Shining altcoin review from analyst
AVAX
Van de Poppe stated that he thinks the direction is still up for the smart contract platform Avalanche. In his statements he said:
“Hard chart, between levels, trend still up. Big bounce from $18 and considering moving on. Interested between $18-19, targeted $25 or more.”
MATIC
Blockchain scaling solution Polygon could drop to a price level of around $1.25 before the next bounce. He adds, however, that they can continue to unite against MATIC’s immediate resistance. In his statements he said:
“A slight correction took place and continued towards the next resistance around $1.65. If there is a drop towards $1.25-1.35, I assume we will buy for the continuation of the rally.”
LINK
The decentralized oracle network Chainlink is another altcoin analysts are keeping an eye on. According to Van de Poppe, LINK currently offers the ‘opportunity of a lifetime’. He claimed that it is just starting to explode and if we see a retest around $7.80, he would be happy to buy it. Resistance will cross at $8.50-9.00, then $15-20.
FTM
Van de Poppe is also monitoring the Phantom smart contract protocol, which he predicts will continue to fix before it starts to rise again. The analyst’s explanation is as follows:
“It made a significant correction towards $0.42 and a big 40% bounce from there. Looking at $0.48 as a potential entry, it may already have reached $0.52. Upward continuation seems likely.”
GMX
As for the decentralized exchange’s native asset, GMX, Van de Poppe believes GMX is also likely delayed for a drop before the trend resumes. According to him, there are two interest levels offered here, $72 and $67.50. If it does, we can continue to buy the dips until the trend changes. The next target could be $100.
The future of this altcoin is bright
A ray of hope may shine in Stacks (STX), a layer 1 blockchain solution designed to bring smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. The senior analyst, who has deep ties to Place Holder VC and Ark Invest, identified Stacks and Lightning Network as the only two protocols that help extend the functionality of the Bitcoin blockchain. He compared this to the large number of opportunities in Ethereum.
A plethora of highly valued L2 competition on Ethereum, while Bitcoin really only has Stacks and Lightning in the general-purpose L2 race (thus far) 🤔
— Chris Burniske (@cburniske) February 19, 2023
Stacks’ advice helped bring the altcoin to new life, whose price rose 9.09% to $0.6474. The rise in the price of STX combined a related uptrend that the altcoin has suppressed over the past 7 days. The token has increased by more than 127% in this time frame.
