- Renowned crypto analysts are sharing insights about the future potential of various altcoins.
- One analyst predicts significant growth for a major top 10 cryptocurrency, while another sees potential in a lesser-known altcoin.
- Analyst Michaël van de Poppe is optimistic about the growth potential of a low-cap altcoin.
Discover the latest cryptocurrency insights from leading analysts and find out which altcoins are poised for significant rallies.
Analyst Altcoin Sherpa Predicts Promising Future for Fantom (FTM)
Leading crypto analyst, Altcoin Sherpa, has expressed a bullish outlook for Fantom (FTM), an intelligent contract platform. Although the market has lost some upward momentum, Sherpa believes that Fantom is showing signs of preparing for healthy price movements. According to his analysis, the coin is consolidating around a critical level with its interaction with the 200-day exponential moving average (EMA). Sherpa predicts that establishing a base between $0.50 and $0.70 could create a stable price movement. He further anticipates that Fantom’s collaboration with Sonic will solidify its position as a promising project moving forward.
Analyst Ali Martinez Sees 19% Upside for Toncoin (TON)
In another development, Ali Martinez, a well-known crypto analyst, has forecasted a potential increase of over 19% for Toncoin (TON). He notes that the native token of the Layer-1 blockchain has broken out from an ascending triangle pattern, indicating a bullish trend toward the $9 mark. Martinez’s projection is based on the technical breakout, which he believes sets the stage for significant upward momentum for Toncoin.
Michaël van de Poppe Predicts Surge for Covalent (CQT)
Crypto analyst Michaël van de Poppe, who has a large following in the crypto community, has identified Covalent (CQT) as a low-cap altcoin ready for an upward movement. According to van de Poppe, Covalent, a cryptocurrency ranking 346th by market cap, is currently back at its November 2023 levels following a significant correction from its February peak. He expects Covalent’s price to rise significantly due to recent updates and developments within the project. At the time of writing, Covalent is trading at $0.1577, reflecting a daily increase of 0.54% and a weekly gain of approximately 2%. However, the token has experienced a notable decline of over 35% on its monthly chart.
Conclusion
In summary, industry-leading analysts have provided valuable insights into the potential growth of specific altcoins. Altcoin Sherpa is optimistic about Fantom’s future, expecting stable price movements. Ali Martinez sees a strong upward trend for Toncoin, projecting it to reach $9. Meanwhile, Michaël van de Poppe highlights Covalent’s potential for a substantial price increase. As always, investors should conduct their own research before making any investment decisions.
