A popular crypto analyst and trader says he is closely following two altcoin projects he says have the potential to spark epic rallies. Here are the details…
Smart Contracter made predictions for 2 popular altcoins
cryptocoin.com As we have also reported, Smart Contracter correctly predicted levels like $3,200 in Bitcoin, 2020 crash and rally, $23,000, and $1,600 in Ethereum, the pullback in September 2021, the altcoin crash in February, and more; He predicts further bullishness for Avalanche (AVAX). The crypto analyst says he also likened the AVAX rally to the SOL rally. Looking at the analyst’s chart, a move towards the $280 target represents a 110 percent rise from AVAX’s current levels.
Another altcoin on Smart Contracter’s radar is Cosmos (ATOM), the project touting itself as the “internet of blockchains.” According to the crypto strategist, the current market structure of ATOM resembles the price action of AVAX before it went into a parabolic uptrend. “ATOM structurally reminds me of the big moves of AVAX here,” the analyst said.
ATOM is trading at $32 at the time of writing. A move towards Smart Contracter’s $100 target shows that the cryptocurrency project could potentially more than triple in value. The crypto trader also pointed to the Bitcoin/Ethereum pair, which he noted is starting to wind up and prepare to exit a major bull pennant formation. He says that this ETH/BTC consolidation and ETH/USD movements in 2017 are similar, and he thinks that an epic rally in BTC/ETH could be seen if $4,473 rises.
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