According to the analyst named Altcoin Sherpa, who is famous for his predictions in the cryptocurrency markets, the popular altcoin project Solana (SOL), which stands out as a rival of Ethereum (ETH), one of the leading GameFi projects Axie Infinity (AXS) and a low-capacity Bottoms seem close for altcoin. The analyst also provides forecasts for MATIC and LOOKS. Details are on Kriptokoin.com.
It takes a position at the bottoms to the left
around 170 thousand Altcoin Sherpa, a Twitter-follower and closely followed crypto strategist, says that leading altcoin Ethereum (ETH) rival Solana (SOL), Axie Infinity (AXIE) and one low-value altcoin are all currently at their bottom. Nicknamed analyst Altcoin Sherpa told his Twitter followers that he believes Solana (SOL) and blockchain-based gaming platform Axie Infinity are trading close to potential bullish reversal zones after going through several months of downtrends. Analyst says:
AXS SOL: I think cryptocurrencies that were already bearish in November are closer to their bottoms than cryptocurrencies that were pumped hard in January. Things like AXS and SOL are more bottom-up than something like NEAR. Important players such as
Bank of America made pleasing comments about Solana. According to many analysts, Solana has the potential to become the ‘new Visa’ of the cryptocurrency ecosystem, surpassing its biggest rival Ethereum. At the time of writing, Solana was down 5.07% in the last 24 hours at $85.40.
LOOKS and MATIC predictions
Meanwhile, Axie Infinity, one of the leading gaming-themed altcoin projects, is currently worth $48.13. The crypto strategist is also keeping a close eye on the non-tradable token (NFT) marketplace LookRare (LOOKS). According to altcoin Sherpa, LOOKS could potentially drop to $1 after losing more than 85% of its value in a month. For altcoin Sherpa LOOK, “$1 psychological level, buyers seem to be taking steps, looks good in the short term.” At the time of writing, LOOKS is trading at $1.02, just above the $1.00 support of Altcoin Sherpa. Altcoin Sherpa believes the bottom is near for these three altcoins, while Ethereum scaling solution Polygon (MATIC) says it faces serious downside risks. “MATIC: It wouldn’t be surprising to see this eventually go up to $1,” Sherpa says.
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