A prominent crypto strategist and trader says that he sees one emerging altcoin following the explosive price action of smart contract platform Solana.
Pseudonymous trader Inmortal tells his 66,600 Twitter followers that he’s looking at Cosmos (ATOM), a project that aims to help developers build different blockchains that can transact and exchange data, creating a decentralized internet of blockchains. According to the crypto analyst, Atom will be the next Solana (SOL), a crypto asset that has meteorically risen nearly 350% in the last 30 days, according to CoinGecko.
“FOMO (fear of missing out) will start soon. ATOM.”
The crypto analyst is also looking at Cosmos in its Bitcoin pair (ATOM/BTC). According to Inmortal, ATOM/BTC must flip 0.00055 ($25) resistance into support to ignite a parabolic rise in value.
“One of the biggest accumulation ranges in ALT/BTC pairs, (+800 days). When ATOM finally flips this KEY level, I think we’ll see some fireworks.”
Should ATOM/BTC follow Inmortal’s script, the pair could rise to as high as 0.002 BTC ($91.14), which represents a potential upside of over 230% from its current price of 0.0006 BTC or $27.34.
Inmortal is also keeping a close watch on the price action of Ethereum (ETH). The crypto analyst believes ETH’s move below $3,400 is an opportunity to buy the dip.
“I’m seeing an opportunity here. Stop hunt + strong bounce at KEY level.
I’ll buy any dips below $3,400, targeting $3,800 (Breakdown Point) for now.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Dario Lo Presti/Stockbym