cryptocoin.com As we have reported, leading crypto analysts have reported 5 altcoin projects that may rise in the near future! So, what are these altcoins? Here are the details…
Experts explained: “These 5 altcoin projects will rise quickly!”
Ethereum (ETH)
Altcoin Sherpa, one of the closely followed analysts of the crypto money market, said in his statements to his 194,400 followers on Twitter that the fundamental indicators gave bullish signals for Ethereum (ETH) for the first time since November 2021. However, Sherpa says that Ethereum price is currently trading above one-day Exponential Moving Averages (EMAs) after a breakout. Here are Sherpa’s words:
Like Bitcoin, Ethereum has finally been bullish for the first time in all one-day EMAs. This is something we haven’t seen in months. We haven’t really seen this since November 2021. We’re seeing ETH on higher timeframes, finally EMAs all looking really solid. All tightened and consolidated and we are currently in an uptrend on this.
However, the analyst warns that the recent rise of the leading altcoin project may soon lose momentum. The analyst says that the $2,000 level could act as a resistance and ETH could decline to the $1,700 level in the near term.
It is extremely important to note that we really want to see a lot of following here. If you start to see a lot of trading and consolidation here and it’s just volatility, it’s more likely that it’s just a divergence and the price is back in the trading range. And that’s probably the more likely scenario, to be honest. When you see a breakout like this, you want to see strong volume. You want to see more following and more momentum. If you start seeing these levels longer around this area then I think it is more likely to go back to the trading range and if it does go back to the trading range you would look for one of these EMAs, possibly $1,750 for ETH.
Ethereum is momentarily trading at $1,896, gaining 1.5 percent over the past 24 hours.
Dogecoin (DOGE)
Kaleo, another analyst of the crypto money market known for his previous predictions, claims that the price of $0.25 is a “magnet” for Dogecoin, in the data he conveys to his 572,000 followers. For DOGE, which is momentarily traded at $0.09, Kaleo expects an increase of 155 percent.
Analyzing Dogecoin’s chart, however, Kaleo suggests that the popular memecoin project will face stiff resistance after hitting its $0.25 target and pull back just above the $0.1350 level.
On the other hand, according to the analyst, Dogecoin may rise even higher on April 20, thanks to the contribution of Elon Musk, who was on the agenda again with the addition of the DOGE logo to Twitter.
I would be surprised if Dogecoin doesn’t go higher on April 20. When Musk starts talking about Dogecoin, it’s usually not an event. He’s got another memecoin on hand, the question is when he’s going to reveal it.
The 30 percent DOGE rally that took place earlier in the week came when Twitter’s iconic bird logo was replaced with the DOGE logo. However, Musk has had to appeal many lawsuits on the grounds that he created the Dogecoin pump and is facing major lawsuits. The total value of the case is $258 billion.
Left (LEFT)
On the other hand, the anonymous host of InvestAnswers tells 443,000 YouTube subscribers in a new YouTube video that Solana registered 446,000 daily active users at the beginning of April, an increase in activity that puts the project above all other smart contract platforms. The analyst also notes that altcoin Solana’s seven-day moving average non-voting transactions have risen to nearly 30 million, a level it hasn’t come close to since last August.
Also, the InvestAnswers server says Solana has by far the second-highest transaction since the launch of any smart contract platform, after Ethereum, which has had the most transactions. Here are the analyst’s words:
What is Commit? … when a developer makes a commitment in software development, it is the change made to the code repository by a developer, which is usually tracked in a version control system such as GitHub or Git, and helps analyze the throughput, team performance, identify trends, as well as where the project is going, how much to the project in development It helps to understand resource allocation and is an important metric for tracking the progress and quality of a chain and of course any software development.
SOL is momentarily trading at $20.79. The 11th-ranked crypto asset by market cap has dropped more than 2% in the past 24 hours.
The Graph (GRT) and Fetch AI (FET)
On the other hand, closely followed cryptocurrency analyst Bluntz tells his 222,100 Twitter followers that the blockchain indexing protocol The Graph (GRT) could rise 30 percent from its current value of $0.14. The analyst says that altcoin GRT is setting the stage for a rally to $0.19 as it breaks up from a descending triangle.
I think GRT as well as ETH is one of my biggest hodls, this chart is craving an upwards monster move in my opinion and I am positioned for it.
Next, the crypto strategist says that the artificial intelligence-focused project Fetch.ai (FET) could rise more than 50 percent from its current value of $0.36. The analyst says altcoin FET is poised to rally to $0.55 after breaking three bearish triangle resistance levels:
Another project I like is FET, there are literally too many crazy bullish charts, I think we are at the stage where we can almost start blindly taking long positions.
The crypto analyst finally mentions Ethereum. The fact that many analysts have a bullish sentiment in Ethereum is another event that attracts the attention of investors. The expert is discussing the Shanghai upgrade planned for the Ethereum ecosystem this month, which will allow investors to sell their staked altcoin ETH. He says the rally could trigger an upside run similar to a run made by Bitcoin (BTC) in 2019, noting a similarity in price action patterns. Here are the analyst’s words for ETH:
The raising of ETH in Shanghai could be the perfect psychopsy, the perfect anxiety wall scenario, from generations of long-term investments to plunge people into fear, uncertainty and doubt. When ETH inevitably breaks out of $2,000, you’ll want to position yourself accordingly, but unfortunately I doubt the tests will happen again. It will most likely be a flat candle like the BTC bullish that happened in 2019.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.