A prominent analyst says an Ethereum rival and a small-cap altcoin are about to explode.
Known in the industry by the nickname Smart Contracter, he told his 198,400 Twitter followers that he is keeping an eye on Solana (SOL), the blockchain platform that is focused on scalability while remaining secure and decentralized.
According to the analyst, Solana appears poised to break out of an ascending triangle and trigger a strong rally in the BTC (SOL / BTC) pair.
“SOL / BTC is waiting for a breakout in the weekly timeframe and new highs. Wave 4 is complete.
Hold on until it breaks out. ”
Weekly SOL / BTC Chart | The source: Smart Contracter / Twitter
Cryptocurrency strategists based on Elliott Wave Theory, a technical analysis method that predicts future price movements by analyzing the sentiment of the crowd through each wave.
Based on the analyst’s chart, SOL / BTC is currently in the early stages of wave 5, which could bring the pair as high as 0.0068 BTC ($ 338.84). Given the pair’s current price of 0.0038 BTC ($ 189.35), a move towards the smart contracter’s target would translate into a potential profit of nearly 80%.
Another coin on the analyst’s list is Synapse (SYN), a cross-chain protocol that allows users to transfer and exchange crypto assets across Layer 1 and 2 ecosystems. According to the smart contracter, he will see Synapse on the Ethereum (SYN / ETH) pair in the coming weeks.
“When there is fierce competition between Layer 1, it is a smart choice to accumulate a specific protocol that bridges them all.
The weekly SYN / ETH chart looks great. It is expected that it will explode strongly from here. ”
Weekly SYN / ETH chart | The source: Smart Contracter / Twitter
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Dogecoin (DOGE), once the darling of the meme coin world, has been facing increasing scrutiny…
According to data from HODL15Capital, major US Bitcoin ETF outflows have marked a gloomy week…
The defendants, identified as members of the Vietnamese cybercrime group "FIN9," are accused of conducting…
Winklevoss donated twins $1 million each in Bitcoin to Donald Trump's presidential campaign, but this…
Consensys' head of litigation, Laura Brookover, said that the Consensys SEC lawsuit for clarity is…
Eight spot Ethereum ETF applicants, including Fidelity and BlackRock, amended SEC filings on June 21.
This website uses cookies.