Two crypto analysts recently announced cryptocurrencies that they hope will explode. Here are the altcoin projects that experts expect to rise…
Mark Yusko points to popular altcoin AVAX
Morgan Creek Capital CIO, Mark Yusko, said that Avalanche (AVAX) has the potential to rise massively and outpace the rest of the crypto market in the next cycle. In a new interview with crypto veteran Paul Barron, he says that as long as Bitcoin (BTC) and the overall digital asset market are successful, the smart contract platform could skyrocket 50x in the next bull market cycle. The analyst uses the following statements:
The key to investing in this ecosystem is diversification. Don’t put all your eggs in one basket. You want to have a large amount in Bitcoin, ok. However, if you think about it, if Bitcoin is as successful as we all think it will be, it won’t be a top performer just because it’s the biggest. It’s just the law of large numbers. But if Avalanche really becomes that middleware or becomes a bridge to connect Ethereum… maybe 50x.
At the time of this writing, Avalanche is changing hands at $18.02, up more than 68 percent from its level at the beginning of the year, according to cryptokoin.com data. With a market cap of $5.7 billion, Avalanche is the 17th largest crypto asset. Yusko also points out the similarity between the Internet and the web3, as well as Bitcoin, Filecoin, Cosmos, Polkadot, Avalanche.
Cantering Clark hopeful for these altcoins
On the other hand, a closely watched crypto strategist believes Bitcoin is likely poised to rebound as he sees further upside potential for payments network XRP and an overlooked altcoin. Analyst Cantering Clark tells his 159,200 Twitter followers that it’s “almost time” for XRP to be bullish. “XRP looks really good.” He shares the graph below.
Looking at the analyst’s chart, it appears that XRP has moved above a high-volume range while also staying above its average real range of $0.422. At the time of writing this, XRP is changing hands on the day with a small drop at $0.41. As for Bitcoin, the crypto strategist thinks that king crypto has not finished rallying yet.
The crypto strategist has also locked his radar on Synapse (SYN), a platform designed to enable secure and efficient transfer of crypto assets between blockchains. Cantering Clark predicts that SYN could rally as high as 115 percent after breaking the $0.70 resistance. According to the analyst, SYN looks like it is about to break. It sits at support levels. In addition, the analyst points out that the exchanges have not yet listed this coin. SYN is trading at about $0.882 at the time of writing.
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