- The crypto market has experienced significant volatility this week, with a mid-week crash followed by a strong rally towards the weekend. However, there are still opportunities for investors seeking to capitalize on the market movements.
- Crypto expert Ana Zirojevic highlights three altcoin projects that popular analysts are pointing to: Shiba Inu (SHIB), IoTeX (IOTX), and Skale (SKL).
- These projects, according to the analyst, represent some of the best buying options for crypto traders and investors in the coming weeks.
Explore the potential of three altcoins – Shiba Inu (SHIB), IoTeX (IOTX), and Skale (SKL) – that are gaining attention in the crypto market. Learn why these projects could be the best buying options for crypto traders and investors in the coming weeks.
Shiba Inu (SHIB) Tops the List
Shiba Inu (SHIB) recently formed a bullish flag formation on its daily chart. Popular crypto analyst Ali Martinez points out that this classic continuation chart formation, which indicates a consolidation period following a strong price increase, could potentially lead to another rally. At the time of writing, SHIB was trading at $0.00002558, representing a significant increase of approximately 12% in the last 24 hours. This latest move has turned the popular meme coin’s weekly outlook green, with SHIB recording an increase of about 5% on its weekly chart. However, the meme coin saw a 5.78% drop on its monthly chart.
IoTeX (IOTX) Takes the Second Spot
IoTeX employs a global team of over 40 research scientists and engineers. The project stands out as an EVM-compatible Blockchain. Meanwhile, another famous crypto analyst, Michaël van de Poppe, previously noted that “altcoin momentum is on the horizon.” In this context, he recommended IOTX, the native token of IoTeX. According to the latest data, IOTX was trading at $0.05784, an increase of 7.5% in the last 24 hours. However, the altcoin is still in the red zone on its weekly chart. Furthermore, it saw a significant drop of 25% in its monthly time frame.
Skale (SKL) Ranks Third
Lastly, Michaël van de Poppe recommended SKALE (SKL) as an altcoin suggestion. The project promises to bring scalability to Ethereum (ETH) as a modular Blockchain. SKALE is the only Blockchain network that allows end users to run an unlimited number of fast, customizable, pooled security Blockchains with zero gas fees. These individual Blockchains are known as SKALE Blockchains. Meanwhile, SKL saw a 5.84% increase today after dropping 7.25% last week. However, according to the latest data, it made a more significant plunge of 33.52% on its monthly chart. SKL was trading at $0.0795 at the time of writing.
Conclusion
The views and predictions in the article belong to the expert and analysts and are not investment advice. As CoinOtag, we recommend that you do your research before investing. Follow us on Twitter, Facebook, and Instagram, and join our Telegram and YouTube channels for instant updates on the latest developments! Popular Analysts Point Out: These 3 Altcoins Should Be On Your Radar!
