Image default
Altcoin

Here’s What’s Next for Bitcoin, Cosmos, Polkadot and One Ethereum-Based Altcoin, According to Top Crypto Trader

A broadly adopted crypto analyst says he’s nonetheless ready for a transparent perspective after Bitcoin’s (BTC) latest price drop.

Pseudonymous dealer Altcoin Sherpa tells his 183,100 Twitter followers that BTC’s price motion is up and down for the time being.

“BTC: Price is fractal, we’re seeing this same price action – stairs up, elevator down. It’s happening on a lower scale than the last few months, though. Let’s see where the smoke clears from this recent move down.”

Source: AltcoinSherpa/Twitter

Sherpa looks at layer-1 blockchain Cosmos (ATOM), which has been steadily climbing in opposition to the grain of the declining market as of late.

“ATOM: Lots of interplay with the 200D [exponential moving average] proper now, let’s see if it might flip it. Doing that on this present surroundings could be very very robust for my part… “

Source: AltcoinSherpa/Twitter

Turning his sights on interoperability blockchain and Ethereum (ETH) competitor Polkadot (DOT), Sherpa asks his followers for their opinions.

“DOT: Price has been chopping around the last several months, think this is accumulation or price pausing before further dumping?”

Source: AltcoinSherpa/Twitter

Finally, Altcoin Sherpa looks at ETH-based altcoin FTX Token (FTT), the native token of FTX change. The dealer isn’t a fan of FTT’s price motion.

“FTT: A lot of people talking about this one lately- I don’t see it. It’s easy to say that in hindsight with yesterday’s dump but I’ve always thought FTT was kind of a shitty coin to hodl. Yes, [centralized exchange] tokens are supposedly safe in bear markets (see: BNB) but the two are not similar.”

Source: AltcoinSherpa/Twitter

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered immediately to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl should not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet online affiliate marketing.

Featured Image: Shutterstock/klyaksun

Related posts

Coinbase Launching Retail Support for Altcoin That’s Surged 74% in Just Two Days

Crypto Advisor

Top Trader Warns Potential Bull Trap Set for Cardano (ADA), Solana (SOL) and Two Additional Altcoins

Crypto Advisor

Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 18,868.68 3.37%
ethereum
Ethereum (ETH) $ 1,318.63 4.48%
tether
Tether (USDT) $ 0.999099 0.12%
usd-coin
USD Coin (USDC) $ 0.999294 0.01%
bnb
BNB (BNB) $ 265.75 1.38%
binance-usd
Binance USD (BUSD) $ 0.998072 0.21%
cardano
Cardano (ADA) $ 0.440113 2.99%
xrp
XRP (XRP) $ 0.412906 7.46%
polkadot
Polkadot (DOT) $ 6.22 2.60%
solana
Solana (SOL) $ 31.58 3.78%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 4.43%
dogecoin
Dogecoin (DOGE) $ 0.058325 0.53%
staked-ether
Lido Staked Ether (STETH) $ 1,306.04 4.54%
matic-network
Polygon (MATIC) $ 0.735825 3.67%
tron
TRON (TRX) $ 0.059517 1.23%
dai
Dai (DAI) $ 0.99836 0.08%
avalanche-2
Avalanche (AVAX) $ 16.66 3.62%
ethereum-classic
Ethereum Classic (ETC) $ 28.93 5.02%
leo-token
LEO Token (LEO) $ 4.70 0.94%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 18,877.78 3.54%
uniswap
Uniswap (UNI) $ 5.30 3.38%
litecoin
Litecoin (LTC) $ 52.07 0.77%
cosmos
Cosmos Hub (ATOM) $ 13.91 11.07%
okb
OKB (OKB) $ 14.88 0.65%
ftx-token
FTX (FTT) $ 23.29 3.83%
terra-luna
Terra Luna Classic (LUNC) $ 0.000305 1.50%
near
NEAR Protocol (NEAR) $ 3.85 4.35%
chainlink
Chainlink (LINK) $ 6.87 5.90%
crypto-com-chain
Cronos (CRO) $ 0.104022 0.82%
monero
Monero (XMR) $ 141.42 0.25%
stellar
Stellar (XLM) $ 0.118193 6.38%
bitcoin-cash
Bitcoin Cash (BCH) $ 112.54 0.38%
algorand
Algorand (ALGO) $ 0.327233 2.90%
flow
Flow (FLOW) $ 1.67 1.21%
vechain
VeChain (VET) $ 0.022623 1.18%
eos
EOS (EOS) $ 1.33 1.69%
internet-computer
Internet Computer (ICP) $ 5.89 3.40%
filecoin
Filecoin (FIL) $ 5.31 3.11%
chain-2
Chain (XCN) $ 0.063977 2.02%
frax
Frax (FRAX) $ 0.99853 0.10%
hedera-hashgraph
Hedera (HBAR) $ 0.05752 2.92%
decentraland
Decentraland (MANA) $ 0.707474 2.97%
apecoin
ApeCoin (APE) $ 5.61 6.55%
the-sandbox
The Sandbox (SAND) $ 0.844595 1.63%
tezos
Tezos (XTZ) $ 1.46 1.36%
quant-network
Quant (QNT) $ 101.70 5.30%
axie-infinity
Axie Infinity (AXS) $ 12.30 0.10%
aave
Aave (AAVE) $ 74.04 3.02%
lido-dao
Lido DAO (LDO) $ 1.78 2.48%
elrond-erd-2
Elrond (EGLD) $ 47.64 0.73%
theta-token
Theta Network (THETA) $ 1.03 1.81%
true-usd
TrueUSD (TUSD) $ 0.999888 0.05%
chiliz
Chiliz (CHZ) $ 0.238307 4.33%
bitcoin-sv
Bitcoin SV (BSV) $ 48.65 1.78%
compound-usd-coin
cUSDC (CUSDC) $ 0.02266 0.07%
paxos-standard
Pax Dollar (USDP) $ 0.996427 0.48%
kucoin-shares
KuCoin (KCS) $ 8.92 2.16%
bittorrent
BitTorrent (BTT) $ 0.00000078435115 1.86%
ecash
eCash (XEC) $ 0.000038 3.44%
the-graph
The Graph (GRT) $ 0.096566 5.10%
iota
IOTA (MIOTA) $ 0.259488 0.28%
zcash
Zcash (ZEC) $ 53.67 2.79%
huobi-btc
Huobi BTC (HBTC) $ 18,981.77 2.90%
usdd
USDD (USDD) $ 0.999423 0.09%
huobi-token
Huobi (HT) $ 4.54 1.13%
evmos
Evmos (EVMOS) $ 2.49 8.08%
havven
Synthetix Network (SNX) $ 2.36 5.93%
cdai
cDAI (CDAI) $ 0.022011 0.33%
maker
Maker (MKR) $ 600.67 5.10%
bitdao
BitDAO (BIT) $ 0.485896 0.85%
klay-token
Klaytn (KLAY) $ 0.197909 1.19%
neutrino
Neutrino USD (USDN) $ 0.926567 1.84%
fantom
Fantom (FTM) $ 0.225381 2.18%
compound-ether
cETH (CETH) $ 26.60 4.01%
neo
NEO (NEO) $ 8.32 1.12%
helium
Helium (HNT) $ 4.95 5.57%
gatechain-token
Gate (GT) $ 4.16 1.00%
defichain
DeFiChain (DFI) $ 0.816461 3.47%
radix
Radix (XRD) $ 0.057218 2.27%
celsius-degree-token
Celsius Network (CEL) $ 1.46 4.02%
pax-gold
PAX Gold (PAXG) $ 1,653.49 0.94%
pancakeswap-token
PancakeSwap (CAKE) $ 4.31 0.08%
thorchain
THORChain (RUNE) $ 1.60 4.85%
osmosis
Osmosis (OSMO) $ 1.23 9.31%
zilliqa
Zilliqa (ZIL) $ 0.031757 2.05%
enjincoin
Enjin Coin (ENJ) $ 0.474623 2.19%
nexo
NEXO (NEXO) $ 0.880926 2.55%
arweave
Arweave (AR) $ 9.47 2.10%