A crypto strategist widely followed by the crypto community, Ethereum rivals Left (LEFT), Avalanche (AVAX) and what awaits an under-the-radar altcoin in the future. summarizes.
Using the altcoin Sherpa pseudonym, the analyst has 178,300 Twitter followers; Smart contract platform Solana, which has lost 90 percent of its value from its all-time high, may be approaching a local bottom, he said.
“LEFT: 90% down from the top. If you’re looking for an alternative tier-1, this isn’t a bad place to start saving for the longer term. To be honest, I think this is one of the best options considering it has no non-Ethereum Virtual Machine.
To be honest the lower time frame looks good. If BTC performs well, $45 may come in the medium term.”
At the time of writing, Solana is down nearly 8 percent in the last 24 hours at $33.65.
Next up among altcoins reviewed by Altcoin Sherpa is the smart contract platform, which the analyst predicts is poised for a relief rally with targets at $22 and $28. Avalanche (AVAX) exists.
“AVAX: Wanting to save is not a bad idea and my $12 goal was never met. I believe a bearish retest is on the way, but I don’t think we’ve reached the macro bottom yet.”
Following the downtrend in the market, AVAX is trading at $16.51, down about 5% in the last 24 hours.
Analyst bullish on this little-known altcoin
The latest cryptocurrency on Trader’s radar is the Ethereum-based NFT marketplace. LookRare’in service token LOOKS. After LOOKS broke the current resistance at $0.30, Altcoin Sherpa says the altcoin is in an uptrend in the short term.
“LOOKS: Haha… a good break. This is an altcoin to consider taking a long position during a dip. This shows a lot of strength, although the market structure is still quite bearish.”
LOOKS, which has increased by 82 percent compared to the last week and by about 4 percent compared to the last 24 hours, is trading at $ 0.36 at the time of writing.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.