A widely followed crypto analyst describes his view on three altcoins, one of which he says could skyrocket in the coming months.
Pseudonymous crypto strategist Altcoin Sherpa tells his 200,600 followers on the social media platform
“ORDI: I bought this today for $47. I missed that peak at $42, but all good. I love these setups; they are my favorite. We will be expanding to $60 soon.”
ORDI is trading at $56.25 at the time of writing, down from 11.33 on the day.
We continue with Stacks (STX), a project that aims to enable smart contracts and decentralized finance applications (DeFi) on Bitcoin, Altcoin Sherpa say that traders should keep an eye on the $0.84 to $0.94 range for a potential entry point to go long.
“STX: I’m going to keep an eye on this trade setup around $0.94 or something like that. Half there and half for $.84, the .50 [Fibonacci level] of the range. favorite setup here.”
STX is trading at $1.04 at the time of writing, down 12.3% over the past 24 hours.
The trader too keep an eye on about the crypto gaming project Beam (BEAM). Altcoin Sherpa says he expects the altcoin, launched by the Merit Circle decentralized autonomous organization (DAO), to skyrocket in the coming months.
“BEAM: I use the old MC (Merit Circle) chart on Kraken because it has price history. The current area is at a stop point with the previous fuses. However, I expect this to go much higher in the coming months. I have a bag and it’s a good way to get introduced to a lot of crypto gaming projects.”
BEAM is trading at $0.015 at the time of writing, up 20% on the day.
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Featured image: Shutterstock/Tithi Luadthong/Vladimir Sazonov