A well-known altcoin analyst believes that a smart contract platform could rise to record highs in the next few weeks.
Analyst says an ETH competitor has found its ATH level
As altcoin Sherpa told 172,500 Twitter followers, Near Protocol’s native cryptocurrency NEAR still hits an all-time high it believes possible. may lose value first.
At the time of writing, Near Protocol (NEAR) is trading at $16.11, down 1.7% in the last three days. According to altcoin Sherpa, a $14 token price “could be an excellent entry.”
Analyst predicts pullback on these 2 altcoin projects
Another Ethereum (ETH) competitor, Avalanche, is receiving less positive reviews from the analyst (AVAX). The exponential moving average of AVAX is “heavily” underperforming, according to altcoin Sherpa.
Avalanche is currently trading at $76.52. AXS, the 10th largest cryptocurrency by market capitalization, has lost 12% since last week. Another altcoin that altcoin Sherpa expects to drop is Zilliqa (ZIL), which makes it easier for businesses to manage their day-to-day operations. Analyst has this to say about ZIL:
However, I believe the trend is still negative and I predict late shorts will break down. If you notice, you can play it both ways and open long or short around $0.13-0.14. I will probably look for a short position.
At the time of writing, Zilliqa’s native token is ZIL, 0.1055 traded in dollars. In the past seven days, ZIL, the 77th largest cryptocurrency, has lost more than 22%.
Investors aim below $40,000
While Bitcoin’s macroeconomic downtrend continues, the $40,000 support has been tested a lot in recent days. Declining in parallel with technology stocks, BTC lost almost all of its gains in the second half of March. Avalanche (AVAX), Near (NEAR) and Zilliqa (ZIL), which are on the list of Sherpa, which we have quoted as Kriptokoin.com, are trying to keep their critical support levels with an average of 3% decline during the day.
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