Famous cryptocurrency analysts updated their tables for these 3 altcoins and made new predictions and research.
Outlook update for this altcoin with big change in BTC
A popular analyst who correctly pinned Bitcoin’s (BTC) rally above $20,000 says that king crypto will continue to rise until proven otherwise. Nicknamed analyst DonAlt told his 452,700 Twitter followers that Bitcoin’s strong performance over the past week shows that BTC bears are starting to lose momentum.
At the time of writing, Bitcoin is changing hands at $21,228, well above DonAlt’s key support level. While Bitcoin is trading above $19,300, DonAlt sees BTC rise above $32,000. According to the crypto strategist, Bitcoin remains in a long-term uptrend unless price action meets one of its three conditions.
Looking at the peer-to-peer payment network Litecoin (LTC), DonAlt believes the altcoin is slowly moving towards its $99 target. As we stated as Kriptokoin.com, Litecoin changes hands instantly at $ 84.84. He also suggests that there is a potential for an increase of over 15% if LTC reaches DonAlt’s target.
Explosive rally may repeat
A popular crypto strategist and trader says that smart contract protocol Solana (SOL) could reflect the 2021 meteoric rise of Ethereum (ETH). Nicknamed analyst Inmortal tells his 191,200 Twitter followers that Solana may be following the ETH pattern, eventually leading the top altcoin to break the $400 resistance and rise to an all-time high in 2021.
Looking at the trader’s chart, the similarities between the two charts could weigh more if Solana manages to break past the resistance around $60. At the time of writing, SOL is changing hands at $23.18. The ETH rival has gained nearly 200% from its December 2022 low of $8.03.
Other crypto analyst Altcoin Sherpa is also watching Solana closely. He tells his 189,100 Twitter followers that he believes the crypto asset will most likely undergo a significant correction, even though SOL has more upside potential.
Dogecoin surpasses most assets
The new research highlights that the meme token Dogecoin (DOGE) has outstripped most other crypto assets created in 2014. According to a new study by crypto-focused site CoinKickoff, 91% of digital assets created in 2014 are now terminated due to lack of interest. But research indicates that DOGE has survived and has been able to carve out its own niche in the market.
To arrive at this conclusion, CoinKickoff compiled 10 years of data on 2,400 defunct crypto assets found on dead money tracking service Coinopsy and then compared them to CoinMarketCap’s annual snapshots of each asset. Dogecoin is changing hands for $0.086 at the time of writing and is currently It is the ninth-ranked crypto asset by market cap.
The research also shows that around 75% of the tokens created in 2014 are fully defunct and no longer in circulation, while only 16 digital assets have been abandoned since 2020. The report also calls 2018 the “deadliest year” for cryptocurrencies because it saw 751 tokens go out of use. The study also states that 30% of these cryptocurrencies are scams.
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