One crypto analyst with a large following says an Ethereum competitor will do well going forward. Another popular analyst predicts that an altcoin in the top 10 is poised for a big rally. Michaël van de Poppe, who is well known in the market, is bullish on a low-cap altcoin.
Altcoin Sherpa: Fantom is a good project going forward!
As you have been following on Kriptokoin.com, the market has lost its bullish momentum for now. Bitcoin, the leading crypto, is hovering around $61,000, while altcoins are fluctuating in the tare space. There may be some coins that can disrupt this dull market. Analyst nicknamed Altcoin Sherpa says that smart contract platform Fantom (FTM) seems to be preparing for some “healthy price action”. In this context, the analyst makes the following assessment:
FTM: Interacting with the 200-day exponential moving average (EMA), consolidating at a key level. I expect a chop range between $0.50 and $0.70 to form a floor for a while. This would be a very healthy price action. I think FTM will be a good project going forward with its return to Sonic.
Ali Martinez TON could rise more than 19%!
Elsewhere, crypto analyst Ali Martinez says that the native token of the Tier-1 blockchain Toncoin (TON) could rise more than 19% from its current value. In this context, the analyst says, “Toncoin, after exiting the ascending triangle … is preparing to rise towards $ 9!”
Michaël van de Poppe: CQT is ready to take off!
Michaël van de Poppe, who has a large following in the market, says that a low-volume artificial intelligence (AI) token is ready to take off. In this context, Michaël van de Poppe states that Covalent (CQT), the 346th largest crypto by market capitalization, is ready to rise. Accordingly, the analyst said, “CQT is currently back to November 2023 levels. A sharp correction since the peak in February. We expect to see Covalent’s price rise significantly since its last new updates.”
Meanwhile, CQT was trading at $0.1577 at the time of writing, up 0.54% on a daily basis. The altcoin was up nearly 2% on its weekly chart. However, the token saw a notable drop of over 35% on its monthly chart.
The opinions and forecasts in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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