This week, the cryptocurrency market has been quite volatile. After witnessing a crash during the week, we watched a strong run towards the weekend. However, there are still viable options for investors looking for an opportunity. Crypto expert Ana Zirojevic draws attention to 3 altcoin projects that popular analysts also point out. The analyst says these represent some of the best buying options for crypto traders and investors in the coming weeks.
First ranked altcoin: Shiba Inu (SHIB)
Shiba Inu (SHIB) recently formed a bull flag pattern on its daily chart. Popular crypto analyst Ali Martinez notes that this classic continuation chart pattern could potentially lead to another rally as it signals a period of consolidation following a strong price increase.
At the time of writing, SHIB was changing hands at $0.00002558. This means a significant increase of approximately 12% in the last 24 hours. With this latest move, the popular meme coin also changed its weekly outlook to green. SHIB is up nearly 5% on its weekly chart. However, the meme coin saw a 5.78% decline on its monthly chart.
In second place is IoTeX (IOTX)
IoTeX employs a global team of more than 40 research scientists and engineers. The project stands out as an EVM compatible Blockchain. Meanwhile, another famous crypto analyst, Michaël van de Poppe, previously stated that “altcoin momentum is on the horizon.” In this context, he recommended IOTX, IoTeX’s native token.
According to the latest data, IOTX was trading at $0.05784, up 7.5% in the last 24 hours. However, the altcoin is still in the red zone on its weekly chart. Moreover, it saw a significant decline of 25% in its monthly profit margin.
Third ranked altcoin: Skale (SKL)
Finally, Michaël van de Poppe recommended SKALE (SKL) as an altcoin recommendation. The project is a modular blockchain that promises to bring scalability to Ethereum (ETH). SKALE is the only blockchain network that can run an unlimited number of fast, on-demand, pooled security blockchains with zero gas fees to end users. We know these individual Blockchains as SKALE Blockchains.
Meanwhile, SKL saw an increase of 5.84% today after falling 7.25% last week. However, according to the latest data, it has made a more significant dive of 33.52% on its monthly chart. SKL was currently trading at $0.0795.
The opinions and predictions in the article belong to experts and analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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