Despite a slight slowdown, the cryptocurrency market has witnessed Bitcoin surpass $37,000 and rise further in recent weeks. At the same time, altcoins are also showing strength. In fact, a crypto analyst with the pseudonym Mustache said he sees signs of an altcoin season. According to analysts, these 5 tokens could be the front runners in a subseason.
The top secret altcoin: Solana (SOL)
Crypto analyst shared the view that although Altcoin Sherpa Solana (SOL) expects ‘some decline between $50-75 for a while’, it ‘could rise to 3 digits in 2024’.
Solana price analysis and forecast. Source: Altcoin SherpaSolana is currently trading at $59.61. The altcoin was down 1.14% on a daily basis at the time of writing. However, according to the latest chart information, it gained 3.71% in the previous week. Moreover, it maintains its 64.78% increase in the last 30 days.
Leading altcoin Ethereum (ETH) also entered the list
Additionally, according to Altcoin Sherpa, Ethereum (ETH) “could surpass the psychologically significant $3,000 price threshold in the next few months. ‘There’s nothing you can do about it,’ the analyst said confidently. says.
Ethereum price analysis and prediction. Source: Altcoin SherpaAccording to the latest data, the leading altcoin recorded a decline of 0.62% in the last 24 hours. Additionally, it was changing hands at $2,025.33, losing 1.34% in price over the last seven days. However, ETH maintains a 12.97% advance on its monthly chart.
Analysts are not forgetting the popular meme coin Dogecoin (DOGE)
Meanwhile, the famous meme coin Dogecoin (DOGE) looks set to nearly double its price to $0.14 in the near future, provided it manages to overcome a major resistance at $0.087, as observed by analyst Ali Martinez. The analyst suggests that $1 for DOGE is “just a matter of time.”
Dogecoin price action analysis. Source: Ali MartinezCurrently, Dogecoin’s price is at $0.0825 and is very close to Martinez’s resistance point. As you can see from the charts, the altcoin increased by 2.11% in the last day. It also added to the previous week’s gain of 9.24%. Thus, DOGE has made 20.28% progress in the last month.
Analyst also lists Chainlink (LINK)
Additionally, Altcoin Sherpa recently recommended taking an initial position in Chainlink (LINK) “in the $15-$13 range.” Because, according to the analyst, there is a high probability that this will be several times higher after 1 year. Especially as whales show increasing interest. Because whales are buying LINK heavily.
Chainlink price movement analysis. Source: Altcoin SherpaAt the time of writing, LINK is trading at a price of $14,437. This represents a decrease of 1.30% over the last 24 hours. However, the altcoin advanced 0.82% over the previous seven days. It also recorded a more significant growth of 28.51% last month.
Last ranked altcoin: Cardano (ADA)
Meanwhile, there is still time to invest in Cardano (ADA). Because Cardano has been moving steadily upwards for weeks. Analyst Ali Martinez says the consolidation trend reflects the 2018-2022 phase. So it is possible for it to break the $0.45 resistance soon. Thus, ADA could move towards $0.75 by the end of December.
Cardano price movement analysis and prediction. Source: Ali MartinezMeanwhile, ADA was changing hands at a price of $0.3737 at the time of writing. This indicates a loss of 2.07% on the day. Additionally, ADA recorded a decline of 1.85% over the previous week. However, it gained over 26% on its monthly chart.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
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