The cryptocurrency market has re-entered the green zone as leading crypto Bitcoin moves north. However, traders and investors continue to act cautiously. A crypto analyst with a large following says he is bullish on a top 30 altcoin. The analyst is also updating his outlook for SEI and GALA.
Altcoin Sherpa: Now is the time to go for ICP!
cryptokoin.comAs you follow from , the market continues on its way despite the pressures. Leading crypto Bitcoin is back above $71 and showing strength. This positively affects the sentiment in the broader market. In this positive atmosphere, the analyst nicknamed Altcoin Sherpa says that Internet Computer (ICP) has completed a period of consolidation that started earlier in the year. In this context, the analyst makes the following statement:
ICP: This looks like you’ve finished a few weeks of build-up, now it’s time to go. I think this is a token that should be actively traded over the next few weeks.
Internet Computer’s goal is to multiply the speed, power and scale of the Internet in decentralized networks. It is a leading Blockchain project in this field. Meanwhile, ICP was trading at $17.66 at the time of writing, down 9.4% on a daily basis. However, ICP is up over 43% on its weekly chart.
According to the analyst, GALA’s risk-reward ratio is not bad!
Altcoin Sherpa next looks at Gala (GALA), the native token of the Blockchain gaming platform. The analyst says GALA presents an attractive upside opportunity. Meanwhile, the token remains 92% below the $0.825 ATH level reached in November 2021. According to the analyst, Gala’s risk-reward ratio is “not bad”. In this regard, the analyst shares the following comment:
GALA: Some of these coins have a long way to go to reach their former all-time high prices. I’m not saying they’ll get close to that, but the upside is certainly good if these projects still have some money in the bank + catalysts + continue to build in a bear market.
Meanwhile, GALA was changing hands at $0.06686 at the time of writing, up 2.3% on a daily basis. Besides this, the token has made progress of approximately 19% on its weekly chart.
The analyst expects volatility in SEI for a while!
Finally, Altcoin Sherpa covers the layer-1 Blockchain Sei (SEI). The analyst expects SEI to continue trading in a range that began forming 83 days ago. In this context, the analyst said, “SEI: It progresses for about three months in this trading range with some deviations to the upside. “We expect this to fluctuate for a while.” says.
Meanwhile, SEI was trading at $0.87 at the time of writing, down 0.48% on a daily basis. However, the token is up over 5% on its weekly chart.
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