A well-liked crypto dealer is eyeing three altcoins that might mimic Solana’s latest historic rise.
Solana (SOL) has climbed to the sixth-ranked cryptocurrency, in response to CoinGecko. Presently buying and selling at $175, the sensible contract platform is up greater than 600% from its July low of $23.47.
Crypto dealer and market analyst Michaël van de Poppe is conserving shut tabs on decentralized blockchain platforms Tezos (XTZ), Polkadot (DOT), and Cosmos (ATOM) after SOL’s breakout to a brand new all-time excessive.
He tells his 123,000 YouTube subscribers ATOM appears to be like able to run based mostly on its underlying market construction.
“If I must select a coin that’s going to observe Solana and it needs to be a layer-one answer, it’d both be Tezos, Polkadot, or it’s going to be Cosmos, and given the construction, it appears to be like wonderful.”
Van de Poppe says that ATOM is buying and selling inside a two-year accumulation interval in opposition to Bitcoin and that he’s on the lookout for a retest of the 0.00051 BTC stage ($22.88) after the token started buying and selling in an uptrend in opposition to BTC in August.
As for the place ATOM is headed subsequent, Van de Poppe is listening to two key value ranges.
“Good retest off the ($17.47) stage, regained the whole lot that it misplaced within the crash a couple of days in the past, and I feel that we’re going to proceed shifting and we’re going to interrupt the highs by which the following goal zone I’m taking a look at for Cosmos is $47.50 and $72.”
On the time of writing, ATOM is trading at $26.98, in response to CoinGecko.
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