Popular cryptocurrency analyst Jason Pizzino thinks several altcoin projects have the potential to rise to new heights. The analyst’s selections are focused on large-volume altcoins. In the first place is Polkadot, which is waiting for parachain auctions.
In the first place is the DOT waiting for November 11
Jason Pizzino says he is optimistic about DOT, the native token of smart contract platform Polkadot. According to data from CoinMarketCap, DOT is trading at $42.51 at the time of writing and registered its ATH level of $49.35 in May. Pizzino predicts the DOT will rise to $53.
In second place is Cardano (ADA)
Trader’s second pick is ADA, the native token of smart contract platform Cardano. Pizzino also says the road is clear for Cardano:
I think it will eventually reach an all-time high, but right now this trend still needs to end and then break.
At the time of writing, ADA was trading at $2.00, down 10.19% weekly.
Ethereum-based altcoin project MATIC was one of the leaders of the week
Jason Pizzino is also bullish on MATIC, the native token of Ethereum (ETH) scaling solution Polygon. At the time of writing, MATIC was trading at $1.94, up more than 20% last week. Pizzino says MATIC may be on its way to ATH. The current ATH of MATIC price is $2.62, which it bought back in May.
Next altcoin: The Graph (GRT)
Next on the analyst list is GRT, the native token of indexing protocol The Graph. Pizzino says GRT is “finally starting to act” with consistently more HL levels. At the time of writing, GRT was trading at $0.96, up 6.9% last week. Pizzino says:
Investors looking for a “safer entry” should watch to see if GRT rises above $1.10.
AAVE in last place
cryptocoin.com Pizzino, whose analysis we share, also talks about the lending and borrowing protocol Aave. The analyst doesn’t see the protocol’s native token, AAVE, as a strong investment yet, but says it could be in the early stages of making a move:
Of course, the lower you are, the higher the risk.
At the time of writing, AAVE was trading at $341.3, up 4.32% in the past seven days. Pizzino says investors should watch to see if the altcoin price rises above the $360 range.
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