Four popular analysts have identified seven altcoins that they expect to rise. In this article, we will convey the altcoins listed by analysts and their expectations. Here are the details…
Pentoshi draws attention to Chainlink
First of all, the popular analyst named Pentoshi pointed to Ethereum-based Chainlink (LINK). Predicting the end of last year’s Bitcoin (BTC) bull market, the crypto strategist predicts a surge for LINK. Pentoshi says the technical and fundamentals align for the oracle network Chainlink (LINK). According to Pentoshi, LINK is showing relative strength with the arrival of a major key catalyst within a few weeks.
According to the analyst’s chart, there is a slight decline to the $6.60 level for LINK before it recovers towards its target of $9.63. Currently, LINK is changing hands at $6.7. This shows that there is an increase potential of over 43 percent for LINK. While Pentoshi is optimistic about LINK, fellow crypto strategist Cheds emphasizes that the 23rd largest crypto by market cap is still trading in a wide range.
Analyst proposes five altcoin projects
On the other hand, Andrew MacGill, an analyst, has listed some cryptocurrencies that can generate returns in the long run. The analyst pointed to the following as coins that can be invested in 2023:
- Ethereum (ETH)
- Polkadot (DOT)
- Dogecoin (DOGE)
- BNB (BNB)
- Avalanche (AVAX)
The leading altcoin is also on the list of other analysts
At this point, the leading altcoin Ethereum (ETH) is attracting the attention of many other analysts. For example, Bloomberg analyst Mike McGlone. McGlone says the smart contract platform will likely stay above $1,000. . At the time of writing, ETH is changing hands at $1,176. McGlone uses the following expressions:
One thing that I watch, that I follow closely is Ethereum. Ethereum, which is around $1,200 as we speak on the 17th, is still up about 12x since the end of 2019. So just before the COVID crisis. So let’s look at this level around $1,000 as a pretty solid support.
InvestAnswers: Solana is not dead yet
Finally, in a new video, InvestAnswers said that Solana “is not dead yet”. According to the analyst, the bustling development activity in Solana is a sign that its fundamentals are still strong, regardless of SOL’s current price. As we reported on Kriptokoin.com, Solana was one of the projects most affected by the collapse of crypto exchange FTX. However, the analyst says that Solana’s ecosystem still outperforms many other cryptocurrencies. The analyst used the following statements:
We are here. [Solana] still works. People are still developing it. It did not die. He may have a black eye or a broken ankle from exposure to FTX and its associated scams. But looking at the data, the chances of survival seem very high, especially when compared to other cryptos that are not very active these days.
The analyst says he sees crypto largely as Darwinian in nature, or that the “best fit” digital assets with the best technology and the best leaders will survive. “Remember folks, crypto is Darwinian. The question is: ‘Who will survive?’ he added.
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