A prominent analyst is bullish on Ethereum (ETH) and picks an altcoin that could outperform other large-cap cryptocurrencies.
The person known in the industry as a smart contracter told his 204,800 Twitter followers that Ethereum’s fall below $3,000 after rallying to highs last seen in mid-January was an “opportunity.”
“A lot of people are nervous here, but I’m optimistic about ETH.
Has surpassed all major moving averages in the four-hour frame and it looks like the price is flipping the 50MA for support.
The current trend is up and see this drop as an opportunity.”
The source: Smart Contractor/Twitter
Ethereum is trading at $2,902 at press time.
Next is Avalanche’s (AVAX) native token, a blockchain that supports smart contracts. According to Smart Contracter, AVAX could outperform other large-cap cryptocurrencies after the recent sell-off.
“AVAX got a big pump after listing on Upbit and is looking pretty bullish.
I think it has a chance to be the first top 10 coin to hit an all-time high.”
The source: Smart Contractor/Twitter
Avalanche is trading at $80.36 at press time and is currently the 10th largest cryptocurrency by market cap. It is about 45% below its all-time high of $145 set in November 2021.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
This website uses cookies.