Analysts who talk about altcoin groups preparing to rally in the crypto money world always draw attention. Our news again focuses on analysts presenting their predictions. Let’s look at the details
6 altcoins preparing for the rally
DonAlt, an analyst famous for his knowledge of crashes, calls out to his 51,000 YouTube subscribers. Accordingly, he states that the altcoin Ethereum will rise 36% from current levels. On the other hand, DonAlt, who also looks at the altcoin XRP, says that the cryptocurrency is showing signs of a possible breakout. According to him, the SEC lawsuit is increasing interest in XRP. Comparing XRP to Litecoin, the analyst says they have the same kind of setup. The analyst, who also offers his views on Dogecoin, draws attention to the recent decline.
The altcoin group is not limited to this. The pseudonymous host of InvestAnswers says that the altcoin Solana ecosystem has undergone impressive upgrades. On the other hand, he says that improvements to the blockchain project, such as Firedancer, Jump Crypto’s open-source validator client, will increase scalability and network transaction times. According to the analyst, ongoing improvements in the ecosystem set Solana apart from most other blockchain projects. Accordingly, this will lead to more development and use cases.
Other cryptocurrencies
Another altcoin that is expected to rally is Lido. Lido DAO price is following the rest of the market due to recent regulatory events. However, the DeFi token is unlikely to follow the path generally set by other cryptocurrencies, including the likes of Bitcoin. Accordingly, the latest developments will be in favor of LDO. Lido DAO price has taken a 10% hit in the last 24 hours. But a rebound for the cryptocurrency may not be too far off. The liquid staking protocol token needs to recover soon to convert its losses back into support. Accordingly, this situation is very important for the Lido DAO price. There is a demand wall for over 146 million LDOs at an average price of $2.35 to purchase. However, to make an absolute profit, the price must increase by 15% to reach $2.50, the upper limit of the wall of demand range.
cryptocoin.com When we look at the rally, the next altcoin that is expected to rally is altcoin Optimism. Accordingly, the OP price seems to have found support after a new buyer congestion zone came into effect to prevent the freefall. Accordingly, the Ethereum Layer 2 (L2) token is trading horizontally. This gives the bulls time to accumulate OP at appropriate rates. Optimism (OP) price is down 55% since the intraday high on April 15. However, if the $1,274 support hadn’t kicked in at all, the decline could have gone further. This came after the Optimism mainnet upgrade that saw Bedrock go live. However, network users will benefit from lower transaction fees, a more resilient network, and increased security.
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