We all know how successful artificial intelligence coins are in the Bitcoin and altcoin market in 2023. But now four altcoins are on analysts’ radar. Let’s look at those four cryptocurrencies.
Altcoin Chainlink (LINK)
Crypto market expert Michaël van de Poppe has something to highlight in his latest video. While the crypto world needs Bitcoin to make blockchain-powered payments, Ethereum (ETH) serves to acquire smart contracts to take a mortgage or other type of deal. But to achieve all this, crypto users need oracles, which are third-party services that feed smart contracts with external data. In other words, these assets act as a bridge between blockchain and the real world.
Crypto whales have been accumulating positions in the largest crypto oracle Chainlink (LINK) lately. On the other hand, they bought about 11 million tokens last month. Accordingly, the numerical equivalent means approximately 77 million dollars. At the time of writing, LINK was down 1.3% at $7.86. The cryptocurrency has dropped more than 3.5% in the past week. However, its monthly earnings remain strong at over 30%. Poppe emphasized 10 dollars for altcoin LINK.
Ethereum (ETH)
Its poor performance in 2023 has not excited some in the crypto community. However, better days are on the horizon for Ethereum (ETH), the world’s second largest cryptocurrency. In fact, a panel of 29 financial experts expects altcoin ETH to rise in price in the coming months. Accordingly, the target price levels are $ 2,451. It also shows that there will be an increase of more than 30% from the current price level.
Experts also believe that altcoin Ethereum could peak around $2,700 this year. They also describe altcoin Ethereum as a standout second choice investment for both individual and institutional investors. Ethereum price is changing hands at $1,866, down about 0.67% on the day.
Important approach for 3 altcoins from Crypto Banter
Crypto Banter believes that altcoins ETH, DOGE and SOL are poised for a rally following yesterday’s FOMC meeting. Popular crypto trader awaits altcoin rally amid BTC’s waning dominance. Popular crypto trader Sheldon Sniper believes yesterday’s Federal Open Market Committee (FOMC) meeting set the stage for an altcoin rally. In a YouTube video earlier today, the trader told his followers that Ether, altcoin Dogecoin and Solana are among the top altcoins ready for bullish price action in the near future.
The most recent FOMC meeting was held between July 25 and July 26. The Federal Reserve then announced a 25 basis point rate hike. The crypto community was keeping a close eye on the announcements given the historical significance of BTC in the context of its price. The flagship cryptocurrency’s response to the FOMC is known to determine altcoins’ price movements.
Bitcoin dominance
According to Sheldon Sniper, Bitcoin’s dominance took a hit after the FOMC meeting. Accordingly, this paved the way for the top altcoins to rise. The crypto trader’s technical analysis shows that SOL has recently bounced off a key support zone. That’s why the trader said, “Solana is one of the strongest altcoins right now.” makes the statement.
When we look at Kriptokoin.com, according to the crypto trader, Doge will soon reach the level of $ 0.11. The analyst added that the rally could also be triggered by a tweet from a high-profile influencer.
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