Crypto Analyst Predicts 200% Rallies for Three Altcoins, Units Bullish Goal for Bitcoin

by Cryptospacey

A well-liked crypto analyst and dealer thinks three altcoins are primed to surge in value after enduring a multi-month downtrend.

Pseudonymous dealer Altcoin Sherpa tells his 170,800 Twitter followers that “no person sane” is looking for brand new all-time highs within the altcoin market proper now.

Nonetheless, he says many crypto property may improve in value by 2-3x in comparison with their current lows.

As examples, the analyst highlights three crypto property he believes may surge round 200% from their mid-March lows.

Altcoin Sherpa predicts that Compound (COMP), a decentralized finance platform for borrowing and lending crypto property, may skyrocket all the best way previous the $290 vary.

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Supply: Altcoin Sherpa/Twitter

COMP is buying and selling at $124.50 at time of writing.

The dealer believes Theta Community (THETA) may surge previous $6.50. Theta Community is a peer-to-peer distribution platform for video content material.

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Supply: Altcoin Sherpa/Twitter

THETA is buying and selling at $3.79 at time of writing.

Altcoin Sherpa additionally thinks CAKE, the native token for decentralized trade PancakeSwap, may transfer up previous $17.

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Supply: Altcoin Sherpa/Twitter

CAKE is buying and selling at $8.12 at time of writing.

Altcoin Sherpa caveats that he’s not encouraging merchants to purchase these three particular crypto property. Relatively, he simply views them as examples of the broader altcoin market.

The analyst says his general market plan nonetheless revolves round Bitcoin (BTC).

“Lively market individuals are going to be most rewarded aka merchants/rotaters on this present surroundings. Guessing that liquidity remains to be going to flock from one sector to the following in these situations.

My plan: nonetheless watch for BTC to get to $50,000 – $55,000 or one thing after which dump numerous my shitcoin positions and derisk a bit of bit. I’ll nonetheless maintain good core positions in many who I like, however I’ll promote some and look to compound.”

Bitcoin is buying and selling at $47,196.69 at time of writing, up almost 15% from the place it was priced one week in the past.

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Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia



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