Ethereum blew the wind in the cryptocurrency market with Ethereum ETF approval rumors. ETH increased by over 20% during the day. In an environment where the bulls gained strength, investors and traders turned their eyes to other opportunities. A crypto analyst with a large following says he is bullish on an Ethereum rival. The analyst also names 3 altcoins in which he sees strong upside potential.
Altcoin Sherpa: FTM will have more rallies in the coming months!
cryptokoin.comAs you follow from , the market’s eyes are on Ethereum. The leading altcoin took the market by storm today. However, investors are also eyeing other opportunities. An analyst with the pseudonym Altcoin Sherpa says Ethereum rival Fantom (FTM) will see further rallies in the coming months. In this context, the analyst makes the following statement:
FTM is heading for around $1 before any pullback and I think it will move higher over the next six months. Interesting upgrades/pivots coming here and I have a bag of them. It looks strong in the short term.
Meanwhile, at the time of writing, FTM was trading at $0.907, down 2.6% on a daily basis. However, the token has seen a rise of more than 40% on its weekly chart.
If LINK exceeds $16, $20 is next!
The analyst next looks at the decentralized oracle network Chainlink (LINK). AltcoinSherpa says the altcoin is in position to ignite a breakout rally. In this regard, the analyst said, “I think if LINK can exceed this $ 16, it can go up to $ 20. Still, I personally wouldn’t buy from here.” says.
“WIF is approaching a potential bounce level!”
Another token on the analyst’s radar is the Solana-based meme ecoin dogwifhat (WIF). The analyst says WIF is approaching a potential bounce level. In this context, the analyst shares the following prediction:
WIF: Should provide a bounce back to $2.30. I thought it would surpass the high range, but I was totally wrong. We may also see the wick blocked again around $1.80. These should be good short-term bounces overall.
Altcoin Sherpa: JUP will rise after forming a bottom!
The last altcoin on the analyst’s radar is Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP). According to Altcoin Sherpa, JUP is currently in the process of forming a bottom. In this regard, the analyst says the following about JUP:
Some of these graphics look pretty good overall. For example JUP. It expects some sort of slow rise after forming some sort of short-term bottom.
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