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Trader Predicts More Rallies for Surging Ethereum Rival, Updates Outlook on Chainlink and Two Additional Altcoins

May 21, 2024
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A intently adopted crypto strategist says he’s bullish on one Ethereum (ETH) competitor that surged by as a lot as 43% final week.

Pseudonymous dealer Altcoin Sherpa tells his 216,300 followers on the social media platform X that Fantom (FTM) will see extra rallies within the coming months.

“FTM goes to $1-ish earlier than any pullback and will go even increased within the subsequent six months, for my part. Attention-grabbing upgrades/pivots coming right here, and I’ve a bag. This seems to be sturdy within the quick time period.” 

Supply: Altcoin Sherpa/X

At time of writing, FTM is price $0.856.

Wanting on the native asset of the decentralized oracle community Chainlink (LINK), the dealer says the altcoin is able to ignite a breakout rally.

“LINK goes to $20 if it will possibly break previous this $16 mark, for my part.

Nonetheless wouldn’t personally purchase right here although.”

Image
Supply: Altcoin Sherpa/X

At time of writing, LINK is buying and selling at $16.53.

Subsequent is the memecoin dogwifhat (WIF), which the analyst says is approaching a possible bounce stage.

“WIF: $2.30 ought to present a bounce space. Thought it will break previous the vary excessive however undoubtedly was incorrect. May additionally see the wick tapped once more, too, round $1.80. These must be good short-term bounces general.”

Image
Supply: Altcoin Sherpa/X

At time of writing, WIF is price $2.54.

The final altcoin on the dealer’s radar is the native asset of the Solana (SOL)-based decentralized alternate (DEX) aggregator Jupiter (JUP). In accordance with Altcoin Sherpa, JUP is at present within the strategy of carving a backside.

“A few of these charts look fairly good general. JUP for instance. anticipating some type of gradual grind up after forming some type of short-term backside.”

Image
Supply: Altcoin Sherpa/X

At time of writing, JUP is buying and selling for $1.18.

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet online affiliate marketing.

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Tags: AdditionalaltcoinschainlinkEthereumOutlookPredictsRalliesRivalSurgingTraderUpdates
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