– Altcoins predicted to skyrocket soon!
Following a weekend bounce, major cryptocurrencies have continued to rise. six of the top ten cryptocurrencies were trading higher. Profit booking was seen in Binance Coin and Solana, while XRP gained 9%. The worldwide crypto market capitalization increased by 4% to $2.85 trillion. The entire crypto market volume, however, remained practically unchanged at $97.46 billion.
Epic rallies are expected for Binance Coin (BNB), Avalanche (AVAX), and two more cryptocurrencies, according to a well-known crypto analyst and trader.
Smart Contracter, a pseudonymous trader on Twitter, informs his followers that he believes BNB, Binance’s utility token, is in the midst of a rally that may bring the altcoin’s price above $1,200.
If BNB follows the trader’s script, it will rise by more than 85% from its current price of $648.
At the time of writing, BNB is trading at $643.20 down by 3.1% in the last 24 hours. The token is correcting from it’s 24 hr high climb to $668. The immediate resistance is at $645 from here.
Avalanche, an Ethereum competitor, is another coin on the trader’s radar. AVAX is preparing for a significant climb into new all-time high territory above $120, according to Smart Contracter.
“AVAX about to go into all-time high. Price discovery again.”
At the time of writing, AVAX is trading at $92.68 up by 10.9% in the last 24 hours. The token in 3 cents away from hitting it’s ATH at $95.
CRV, the governance token of Curve Finance, a stablecoin-focused decentralised exchange, is next. CRV has already cut a local bottom, according to Smart Contracter, and is prepared to soar to his target price of $7.00.
On this most recent CRV decline, 33 percent dip peak to trough and prior high SR (support/resistance) flip. This should only continue from here, he added.
At the time of writing,CRV is trading at $4.47 up by 4.3% in the last 24 hours. It is correcting from it’s 24 hr high of $4.71.
POLIS, a space-themed blockchain-based game built on Solana, is the last currency on the trader’s list (SOL). POLIS, according to the crypto expert, will see a massive rise to above $20 now that it has broken through a diagonal resistance that has held the altcoin bearish for the past two months.
He mentions that the early excitement surrounding the listing has subsided. I got the NFT (non-fungible token) gaming/metaverse narrative, as well as a clean volume trendline break. He added.
At the time of writing, POLIS is trading at $9.44 up by 7.8% in the last 24 hours. The next resistance is at $9.49.