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 predicted 2 popular altcoins
Cryptocoin. com, as we have previously reported on Bitcoin, $3,200, 2020 collapse and rally, levels such as $ 23,000, and decline to $ 1,600 in Ethereum, the retreat in September 2021, the altcoin collapse in February and Smart Contracter that predicts 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 value of the cryptocurrency project could potentially more than triple. 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 an epic rally in BTC/ETH if $4,473 rises.