Two closely followed analysts conveyed their expectations for 5 altcoins. At the moment, Bitcoin and other cryptocurrencies seem to be gaining in value as BTC came close to $23.00 yesterday. Therefore, investors are wondering about new altcoins that will make big moves. Here are the expectations of analysts…
InvestAnswers thinks leading altcoin ETH and Solana will rally
A closely followed crypto analyst says smart contract platforms Ethereum (ETH) and Solana (SOL) are gearing up for rallies that will last until September. In a new video update, the InvestAnswers host tells his 442,000 YouTube subscribers that investor trends in the options markets point to the possibility of an ETH rally in the next few months rather than seeing more downside.
The server points out the disproportionate ratio of call options versus sell options on Ethereum. This shows overwhelming bullish belief in Ethereum’s upcoming consolidation. A call option is a type of option that increases in value when the underlying asset rises. He used the following expressions:
It’s important to consider where the bets were placed based on the merge date September 19… Oddly enough, the maximum pain price is $1,500. But look at this call rate: 0.2. This is madness. Five times more people buy call options than put options. This is quite impressive. Also, there are plenty of bets on $3,500, $4,000 Ethereum and $5,000 Ethereum by September. Of course, that doesn’t mean anything. We don’t know exactly what will happen. But it’s interesting to see a complete lack of bearish for Ethereum. This tells me that it may be time for the ‘number rise’ for Ethereum and it is falling apart hard compared to many other things.
A rise is also predicted in Solana
The merge is a highly anticipated upgrade that will allow Ethereum to move from a proof-of-work to a proof-of-stake consensus mechanism and lay the groundwork for Blockchain to address scalability issues. The analyst then looks at Solana’s options markets and says he has seen an overall uptick from investors.
He points out that, according to derivatives traders, Solana’s maximum pain price is $42 and is currently above the SOL price of $39. He also notes that Solana bears are betting relatively conservatively, with most put options only about 15 percent below current prices at $34. A put option is an option that increases in value when the underlying asset falls. But here they say the maximum distress price for Solana is $42. It is stated that the price of Solana has reached $ 40 …
Michael van de Poppe; BNB expects MATIC and FTM to rise
Michael van de Poppe, who is closely followed by 616,600 people on Twitter, reports that the price of the Binance exchange’s native cryptocurrency, BNB, is in a bull run after the coin broke the $240 barrier level. The analyst says that BNB has entered the $216 price area. Therefore, once the currency manages to surpass the $240 level, Michael believes BNB will continue its bull run and take the price of $270.
The next currency is Polygon, scaling solutions on Ethereum. The strategist claims that even Polygon (MATIC) is bullish and predicted that if MATIC breaks above $0.73, the currency would see a 38% rise from its current price level.
The analysis does not end there, the next currency the analyst mentions is THORchain, a decentralized exchange protocol. According to Van de Poppe, the RUNE Price is all set for a bull run. If THORchain manages to convert $2.50, the currency will trade between $3.30-3.50. The last currency to catch the strategist’s attention is another smart contract platform, Phantom. Poppe predicts that FTM may experience a bearish divergence towards $0.24 before hitting its $0.34 target.
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