A popular crypto analyst says a little altcoin season has begun as several digital assets come to life.
Pseudonymous trader Altcoin Sherpa tells his 197,900 followers on social media platform X indicate he is bullish on some altcoins for the rest of November.
“We’re having quite a mini alto season at the moment and I’m excited to see it. I suspect we will see some cooling in December and another big run in January. ETH will probably overtake BTC and you should start scaling there IMO (in my opinion).
The trader say that Ethereum (ETH) competitor Solana (SOL) could rise another 32% from its current value.
“SOL: Incredible moves, no sign of FTX offering coming to market… yet. If the price remains above $50 for a week [chart], there is no price action between here and the next area higher, also known as $75. Still optimistic about Solana, until proven otherwise.”
Solana is trading at $56.97 at the time of writing, up 25.1% in the last 24 hours.
Then the trader say that decentralized blockchain oracle Chainlink (LINK) could rise more than 27% from its current value, after already rising 110% since October 15.
“LINK: Honestly, I don’t see this lasting to $18-$20. There could be a small dip after that, but I still think the targets for this are much higher.
Many of us could have just bought LINK during that 500 day accumulation period and then held on to it and made more money than trading.”
Chainlink is trading at $15.67 at the time of writing, up 7% in the last 24 hours.
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