A popular crypto analyst says the meme coin Shiba Inu has the potential to rise further, and he predicts rally for three additional altcoins.
Using the altcoin Sherpa alias, the trader has 138,500 Twitter followers, a Dogecoin rival. Shiba Inu (SHIB) He reported that he is preparing for a rally to reach an all-time high of $0.0005.
“SHIB: If I was around a little longer then I would try to buy this altcoin from the bottom. I still think there is a lot of room to move.”
At the time of writing, SHIB is changing hands at $0.000042, up about 10% in the last 24 hours, according to data from CoinGecko.
Another cryptocurrency on the investor’s radar is the smart contract platform. Phantom (FTM). The trader says that Phantom is in a strong bullish trend against Bitcoin (FTM/BTC) as the pair continues to form a bullish market structure.
“FTM: You’ll probably want to watch the FTM/BTC pair to see when this thing pulls back… For the most part, I’m still waiting for the increase; the trend is strong. Phantom.”
As for FTM against the US dollar, the crypto strategist believes Fantom will continue to rise higher as long as Bitcoin (BTC) remains stable and holds its ground.
“As long as BTC is (mostly) good, the USD pair will likely continue to rise.”
Next on Trader’s list is a scaling solution designed to increase the widespread adoption of decentralized applications on the Ethereum blockchain. Polygon (MATIC) exists. The analyst believes that MATIC, which has touched the key area four times in the last four months, will break the resistance level at $1.64 this time.
“MATIC: I think this is likely to break strongly in the USD pair in the near future. Grinding at resistance; This area has already been touched a lot. Bull.”
“MATIC: I believe this will be a strong break in the USD pair soon. Climbing to the resistance; It has already touched a lot in this field. Bullish.”
The last cryptocurrency on Altcoin Sherpa’s list; A decentralized fintech startup and pool trading platform with built-in deflationary measures aimed at bringing zero-fee cryptocurrency transactions to crypto trading. WOO Network (WOO).
The trader states that the altcoin is suitable for long-term investment because it can go up to $2.50. Sherpa says the WOO represents over 110 percent upside potential at its current value of $1.17.
“I added some Fibonacci targets for this inevitable ATH (all-time high). I am in love with this project and it is a long term hodl for me.”
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.