A popular crypto strategist and trader is predicting strong rallies for three Ethereum (ETH) competitors and one low-cap altcoin.
Pseudonymous crypto analyst Altcoin Sherpa tells his 171,400 Twitter followers that he’s “super bullish” on Ethereum rival and smart contract platform Near (NEAR).
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According to the crypto strategist, NEAR hit his initial target at $16, but he’s holding on to his stack as he believes the altcoin will likely hit $20.
“NEAR: decided not to sell at low $16s despite that being my plan for weeks. Going to HODL (hold on for dear life) this a bit longer for higher targets.”
Next up is high-performance blockchain Solana (SOL), which Altcoin Sherpa predicts will soar in the coming weeks.
“SOL: still strongly feel this goes to $150-$200 before its run is over. The next few weeks should be bullish for this.”
Solana is trading for $135 at time of writing.
Another coin on the trader’s watchlist is fellow Ethereum rival Avalanche (AVAX). According to Altcoin Sherpa, he sees AVAX rallying in the coming weeks as it follows the footsteps of Solana.
“AVAX: with SOL doing really well, what do you think AVAX does? In my opinion, we see this go to $115.”
At time of writing, Avalanche is exchanging hands for $100.
The last coin on the trader’s list is Alpha (ALPHA), the governance, utility, and work token of Alpha Finance Labs, a cross-chain decentralized finance (DeFi) platform.
Altcoin Sherpa says the recent surge in ALPHA’s volume suggests that the altcoin is primed for an explosion.
“ALPHA: Remember this coin? Maybe DeFi 1.0 is going to rise hard here. Insane amount of volume coming in now. Would target low $0.80s at a minimum before the run is over (and likely higher).”
ALPHA is currently valued at $0.57.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens/WhiteBarbie
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