Altcoins
Trader Predicts Further Rallies for Growing Rival Ethereum, Updates Outlook on Chainlink and Two Other Altcoins
A Closely Followed Crypto Strategist Says He’s Bullish on an Ethereum (ET) competitor which increased as much as 43% last week.
Pseudonymous Altcoin trader Sherpa tells his 216,300 followers on social media platform X that Fantom (FTM) will see further demonstrations in the coming months.
“FTM will reach $1 before any pullback and, in my opinion, should rise even higher over the next six months. Interesting updates/pivots coming soon and I have a bag. This looks strong in the short term.”
Source: Altcoin Sherpa/X
At the time of writing, FTM is worth $0.856.
Looking at the native asset of the decentralized oracle network Chainlink (CONNECTION), the trader says the altcoin is in position to trigger a breakout rally.
“In my opinion, LINK will get to $20 if it can break the $16 mark.
However, I personally wouldn’t buy here.”
Source: Altcoin Sherpa/X
At the time of writing, LINK is trading at $16.53.
Next up is the memecoin dogwifhat (WIF), which the analyst says is approaching a potential rebound level.
“WIF: $2.30 should provide a bounce area. I thought he would exceed the maximum limit, but he was definitely wrong. It could also see the wick plugged again, around $1.80. Overall, these should be good short-term rebounds.”
Source: Altcoin Sherpa/X
At the time of writing, WIF is worth $2.54.
The latest altcoin on the trader’s radar is the native asset Solana (SOL) Jupiter-based decentralized exchange (DEX) aggregator (JUP). According to Altcoin Sherpa, JUP is currently in the process of digging a bottom.
“Some of these graphs look pretty good overall. JUP for example. expecting some sort of slow rise after forming some sort of short-term bottom.
Source: Altcoin Sherpa/X
At the time of writing, JUP is trading for $1.18.
Don’t miss a beat – subscribe to receive email alerts directly to your inbox
Check Price action
Follow us on X, Facebook AND Telegram
surf Hodl’s daily mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and transactions are at your own risk and that any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: mid-trip