Altcoin Daily, a crypto channel closely followed by the crypto community, shared with its subscribers 3 strong underlying altcoins that are poised to gain price momentum in the next few days.
Left (LEFT)
Top of Trader’s list Left (LEFT) exists. He starts by summarizing the bullish potential of Solana if the number of wallets reaches the current number of wallets of Ethereum:
“Currently, the number of Ethereum wallets is 129 million. The number of Solana wallets is 5.5 million. If we are to match the price rate with the wallet rate in the diary; The $4,000 ETH should mean Solana can also go up to almost $1,000.”
At the time of the video, Solana was trading at just $190 (currently 194), so this $1,000 price estimate from the analyst means the potential for a 9x increase from now on.
In the short term, the crypto strategist says that Solana price is likely to confirm a strong bear trap pattern on the Point and Figure chart, known as the Fake Bearish pattern. The short-term profit target in this hypothetical setup is $355.
Dogecoin (DOGE)
Cryptocurrency next on the list Dogecoin (DOGE). The coin has jumped 30% this week and has displaced SHIB to reclaim the meme coin throne. biggest breast cryptocurrency units had engaged in a major battle for the 9th rank this week. However, for now, SHIB has reclaimed 9th place from DOGE and DOGE is trading at $0.27 at the time of writing. According to the analyst, such jumps point to the altcoin season.
“People don’t realize that the Doge pumps of 2018 and earlier are actually alt season alarms.”
According to the trader, the price of Dogecoin has skyrocketed and will continue its momentum as billionaire business people like Tesla CEO Elon Musk and Shark Tank investor Mark Cuban pumped the price of the coin on social media and claimed it would be a useful cryptocurrency.
“Dogecoin even has its own foundation working to make the asset a fully functional and globally accepted payment method. The Dogecoin Foundation’s advisory board even includes Ethereum co-founder Vitalin Buterin and Elon Musk representative Jared Birchall.”
Ecomi (OMI)
At the bottom of the list is a Singapore-based technology company in the field of digital collections. ecomi‘s native token OMI VeVe, a blockchain-based digital collectibles marketplace, was created by the company for users to buy and share their collections on the social networking service.
Recently Disney and VeVe announced NFTs for Disney IP. The anticipated IP was introduced to include Disney products such as Star Wars, Pixar (Toy Story, Cars, etc.) and more.
“And And it delivered some great IP partnerships in its infancy. In fact, as of this week, you can now add Disney to this growing list starting this week. What started as a Marvel collaboration between VeVe and Disney is rapidly expanding into additional digital collectible rights for the platform.”
According to the analyst, NFTs of Disney characters will be used as a promotional tool for Disney+, but the partners have not yet revealed which characters they will be using. Also, these NFTs will be referred to as “Golden Moments” as the characters will include their gold versions as NFTs. According to the trader, who said that Altcoin’s collaborations are huge, the developments will have positive effects on the price of the cryptocurrency.
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.