A extensively adopted crypto strategist and dealer says Solana and two different altcoins are poised to print new all-time highs whereas predicting the underside for 2 different crypto property.
Pseudonymous dealer Good Contracter predicts that good contract platform Solana is gearing up for an additional explosive value surge en path to a brand new all-time excessive.
“SOL all-time excessive (ATH) child let’s go. $300 arising.”
Good Contracter’s prediction is predicated on his evaluation that Solana will observe the footsteps of Binance Coin when it rallied from about $50 at first of the 12 months to an all-time excessive of $691.
“If SOL follows the run BNB had, it could actually go to $900.”
One other coin on the dealer’s radar is Ethereum competitor Avalanche (AVAX), which he says is poised for an enormous transfer after ending its corrective part.
“This ought to be the run to ATH, as sufficient longs are shaken out and all focus is again on SOL. I believe $100 or 130% from right here ought to be pretty straightforward.”
Subsequent up is Synthetix Community Token (SNX), a cryptocurrency that powers the buying and selling of artificial property. In line with Good Contracter, SNX is sort of carried out with its accumulation part and is able to launch its uptrend.
“I additionally suppose SNX bottomed and going to ATH from right here clear ABC down on every day from March highs. Clear 1-2 basing/accumulation construction would possibly want extra time to build up however decentralized finance (DeFi) ought to catch a bid within the subsequent few weeks.”
The crypto analyst depends on the Elliott Wave concept, a technical evaluation method that predicts future value motion by following crowd psychology that manifests in waves. In line with the speculation, a bull cycle goes by 5 distinct waves. Based mostly on Good Contracter’s five-wave depend, SNX can soar to as excessive as $35, representing an upside potential of over 230% from its present value of $10.50.
As for the crypto strategist’s backside picks, Good Contracter is maintaining a tally of Curve (CRV), the governance token of stablecoin decentralized change Curve Finance. In line with the crypto analyst, CRV is exhibiting indicators that’s prepared double its worth in opposition to the US greenback, Bitcoin and Ethereum.
“Numerous hate for DeFi proper now as a result of it has underperformed, however main weekly SFP (swing failure sample)/reversals forming on the BTC and ETH pairs for CRV.”
The final coin on the dealer’s record is blockchain scaling resolution Polygon (MATIC), which he says is primed to reverse its bearish development and climb as excessive as $2.50.
“Want decrease timeframes to substantiate however in all probability, greater than possible, that was the underside.”