A crypto strategist and trader who is widely followed among the crypto community, Polkadot (DOT) and FTX Token (FTT) When drawing price targets for Ethereum He predicts the rally will come.
The popular trader, known in the industry as Altcoin Sherpa, tells his 136,600 followers that he follows the Ethereum Bitcoin (ETH/BTC) pair closely and expects the pair to rally in the coming months.
“ETH: I believe the ETH/BTC pair will continue to change over the next few weeks/months before making a big move this year/Q1. In the short term, this is likely to go a little higher before making a higher low. I think Ethereum will not outperform BTC in the coming weeks. But ETH/USD will go to new all-time highs.”
According to the trader’s chart, the ETH/BTC pair will correct in the last months of 2021 before booming in January. As for Ethereum against the US dollar, Altcoin Sherpa believes that the second largest cryptocurrency is poised to rise to around $4,800 by next month.
Crypto strategist, interoperable blockchain Polkadot (DOT) It also monitors price action. According to the analyst, Polkadot will consolidate in the Bitcoin (DOT/BTC) pair towards the end of the year before experiencing a big rise in early 2022.
“I expect more diversity/changes from the BTC pair… BTC has good catalysts for a very strong rally this year.”
According to the trader’s chart, the DOT/BTC pair could rise above 0.0011 BTC ($66.42) by February 2022, about 60% from its current price of 0.00072 BTC ($43.47). It represents a potential increase of .
Crypto derivatives exchange of FTX (FTT) As for its native token, Altcoin Sherpa is drawing a potential target at $80 for the altcoin if it overcomes the resistance at $67.35.
“FTT. It is still one of the safest altcoins you can have.”
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.