Market

KOL Altcoin Sherpa outlines year-end boom target for ETH, DOT, FTT

Altcoin strategist Sherpa predicts a major ETH rally as he outlines price targets for DOT and FTT.

Traders expect ETH / BTC to rise in the coming months.

“I think the ETH / BTC pair will continue to fluctuate over the next few weeks / months before a big move later this year / Q1 2022. It could move a little higher before making a lower high in the short term. . In my opinion, Ethereum won’t outperform BTC in the coming weeks. ETH / USD hits new all-time high. ”

The source: Altcoin Sherpa / Twitter

He believes the ETH / BTC pair will correct in the final months of 2021 before triggering a major rally in January.

As for ETH / USD, the trader said it will climb to around $ 4,800 next month.

Source: Altcoin Sherpa / Twitter

The strategist is also observing the price development of the Polkadot blockchain and sees a consolidation of Polkadot versus Bitcoin (DOT / BTC) by the end of the year before a strong rally in early 2022.

“Expect more from the BTC pair … I think they have good catalysts for a very strong rally towards the end of the year.”

The source: Altcoin Sherpa / Twitter

According to the chart, the DOT / BTC pair could rise above 0.0011 BTC ($ 66.42) in February 2022, a potential increase of nearly 60% from its current price of 0.00072 BTC ($ 43.47) .

Looking at the FTX (FTT) crypto derivatives exchange native token, Altcoin Sherpa outlines a potential target at $ 80 as it breaks the resistance at $ 67.35.

The source: Altcoin Sherpa / Twitter

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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