In the volatile world of cryptocurrencies, leading analysts offer their insights and predictions on various altcoins, both warning and bullish. Analysts DonAlt and Bluntz recently shared their perspectives on popular cryptocurrencies such as Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), and Cosmos (ATOM).
DonAlt bullish for two altcoins
DonAlt, a famous crypto analyst with a substantial YouTube following, warns investors that altcoins will underperform in the near future. While altcoins as a whole are expected to struggle, DonAlt acknowledges that there will be exceptions and cites Bitcoin Cash as one such outlier. cryptocoin.com As we have also reported, Bitcoin Cash has experienced a significant rise, increasing by over 162% since June 20.
However, DonAlt has voiced concerns about Litecoin, suggesting that the peer-to-peer payments network may be heading towards a market correction. At the time of his forecast, Litecoin was retesting the $95 level. Although it has since regained $103, up 7.2% in the last 24 hours, DonAlt remains skeptical about its future performance.
DonAlt, on the other hand, sees Solana as an intriguing possibility. He states that if Solana suddenly drops to $10, it will present an attractive buying opportunity. Solana has experienced significant growth recently, with an increase of 33.5% in the last 24 hours. DonAlt’s positive attitude towards Solana shows that he sees potential in the cryptocurrency even at the current price level.
Bounce awaits for Cosmos and SOL
Meanwhile, another pseudonymous analyst known as Bluntz shares bullish sentiments about Cosmos (ATOM), the native token of a major smart contract blockchain. Bluntz suggests that ATOM could potentially double in value, highlighting the bullish channel and the completion of the three-wave corrective pattern. ATOM’s technical analysis points to the possibility of an upcoming uptrend, despite trading close to 2023 lows.
Bluntz also expresses his optimism about Solana’s performance. Stating that Solana is one of the top performers among major cryptocurrencies this month, Bluntz previously predicted the potential for its price to double after completing a three-wave correction pattern. Although Solana has seen a drop of around 6% in the last 24 hours, Bluntz’s positive outlook on the cryptocurrency has not changed.
As the cryptocurrency market continues to fluctuate, the opinions of these analysts provide valuable information for investors. While altcoins in general are expected to underperform, there are exceptions such as Bitcoin Cash that shows significant growth. Also, cryptocurrencies like Solana and Cosmos have caught the attention of analysts who believe in their future earnings potential.
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For the rest of the article, Master Analysts Announced 3 Altcoins That Could Explode!