The cryptocurrency market has gained a new momentum under the leadership of Bitcoin. The leading crypto managed to break $ 31 thousand. In this positive atmosphere, master analysts share altcoin projects with the potential to explode.
This altcoin is about to make a big debut
The analyst, nicknamed Bluntz, who knows about Bitcoin crashes, says that a strong performing Ethereum (ETH)-based altcoin is about to make a big debut. You can take a look at the analyst’s past accurate predictions from this article. The analyst notes that The Graph (GRT) indicates the potential for a 150% increase from the current value of the price pattern. According to the analyst, GRT has emerged from an ascending triangle. He also completed an Elliot Wave Theory three-wave rectification model, labeled A, B, and C. In this context, the analyst makes the following statement:
There are a lot of good setups that I like. GRT has broken into a nice ascending triangle in the 4-hours. It also looks complete on the major ABC weekly timeframe. This has the potential to be really good.
Looking at its chart, the analyst predicts that GRT will soon rise to a price level of at least $0.25.
GRT, whose price has risen since the beginning of the year, was trading at around $0.05 in December 2022. At the time of this writing, GRT was worth $0.10, down 1.9% in the last 24 hours.
Leading altcoin is also on Bluntz’s radar
Also on the analyst’s radar is the leading smart contract platform Ethereum. According to Bluntz, ETH has emerged from a descending triangle. The analyst predicts that ETH will rise to the $2,400 level by July. He also states that ETH is gaining strength against Bitcoin (BTC) on the ETH/BTC chart. Accordingly, the analyst shares the following assessment:
ETH/BTC has finally swept major lows overnight. This coincided with a bull flag breaking on the daily USD pair. I think it’s time to invest some ETH here, aiming for new highs. I haven’t been this excited about crypto in months.
Analyst prepares for a promising XRP rally
Tony Edward, founder of the hinking Crypto Podcast, expressed his excitement for a potential XRP rally once Bitcoin reaches its retracement peak in a recent tweet. The analyst has his eyes on XRP and Ethereum (ETH) as promising altcoins. Edward’s optimism stems from his hopes that Judge Analisa Torres will make a positive ruling in the pending lawsuit between Ripple and the US Securities and Exchange Commission (SEC).
Edward predicts that altcoins like XRP and ETH will experience a significant price increase as Bitcoin approaches its retracement peak of around $40,000. XRP’s anticipation for its rally is closely tied to a positive outcome in the Ripple case. He also predicts that this will provide the necessary catalyst for XRP to enter a significant bullish trajectory. Edward adjusts his investment strategy accordingly as he prepares for XRP’s projected upward move. In this way, he plans to make a profit during the rally. He is also considering accumulating XRP for his macro bull run after Bitcoin halves next year.
PEPE will outperform DOGE
Renowned cryptocurrency analyst Miles Deutscher predicts that PEPE will outperform DOGE in the next bull cycle. In a Twitter post, Deutscher highlights the reasons behind his prediction.
The first reason Deutscher supports PEPE to outperform DOGE in the next cycle is what he calls the “Underwater Thesis”. The analyst notes that fewer PEPE holders are “underwater” compared to DOGE holders. This means that the number of PEPE holders whose investments are currently negative is less than DOGE holders. This means there will be less selling pressure for PEPE compared to DOGE when the rally starts.
Deutscher also backs up his claims by noting that PEPE has more floors to reach its previous all-time high (ATH) compared to DOGE. For PEPE to reach its previous ATH, its price must rise twelve times. However, the potential is lower for DOGE. Because it needs to increase by less than three times to reach its previous ATH.
This altcoin price is showing a bullish signal
Crypto analyst David says that the price of Polkadot (DOT) is sending a bullish signal. After hitting an all-time high of $55 in November 2021, it started a long-term downtrend. cryptocoin.comAs you follow, altcoin’s price declined by over 90% during this period. In the process, it touched a long-term support level at $4.2 in December 2022.
Although the price recovered later, it was rejected by the $7.8 resistance zone (red arrow). Also, it dropped to the $4.2 support zone once again last week (green arrow). Since then, the price has recovered and is in the process of forming a double bottom pattern. This is usually a bullish pattern that signals a trend reversal to the upside. In addition, the bullish divergence on the weekly RSI indicator (blue line) accompanies it. This further increases its importance. Therefore, there is a possibility that the altcoin price may rally over 50% to the $7.8 resistance zone in the near future.
The most likely outlook suggests that the DOT price will continue to recover in the near future. The close target is $5.5, with the potential to reach $7.8. This perspective will be invalidated if the price drops below the horizontal support at $4.2.
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