Five Altcoins From One Crypto Sector Have Huge Upside Potential, Says Popular Whale

stock market forex trading graph graphic concept 4 scaled

A prominent crypto whale and analyst says he’s watching the movements of five emerging altcoins that he notes have huge upside potential.

The pseudonymous analyst, known in the industry as Crypto Messiah, tells his 134,800 followers that he’s keeping an eye on the decentralized finance (DeFi) sector as five altcoins in the segment appear poised to start uptrends.

First on the crypto trader’s list is SNX, a cryptocurrency that powers the trading of synthetic assets (synths) on the Synthetix platform. According to Crypto Messiah, his preliminary plan is to follow the trendline of the long-term log channels.

“DEFI. A few long-term log channels… Upside is huge. Invalidation right below.”

Image
Source: Crypto Messiah/Twitter

Following the crypto whale’s trendlines, SNX has the potential to top out between $90 and $140 by early 2022.

Another coin on the trader’s list is the decentralized exchange protocol THORChain (RUNE).

 

“RUNE.”

Image
Source: Crypto Messiah/Twitter

Based on the trader’s chart, RUNE appears to have bottomed out after bouncing off the lower boundary of the channel, thus climbing to the upper boundary of the channel around $26 is in the cards.

Next up is Bancor (BNT), a network that allows traders to swap different tokens seamlessly without the need for a middleman.

“BNT.”

Image
Source: Crypto Messiah/Twitter

Looking at the trader’s chart, BNT appears to be bouncing en route to the upper boundary of the channel around $40.

Fourth on the trader’s radar is decentralized lending and borrowing protocol Aave, which he says is showing a different pattern from the other three coins, but his thesis remains the same.

“Bit different structure on AAVE… but $2,000+ possibility.”

Image
Source: Crypto Messiah/Twitter

From Aave’s current price of $388, a move to Crypto Messiah’s target marks a surge of over 440%.

The last coin is CRV, the governance token of stablecoin decentralized exchange Curve Finance. Crypto Messiah says CRV’s price action follows the support and resistance levels of the Fibonacci fan tool.

“CRV… Significantly different structure but hasn’t been around as long… But fan fit is fantastic. Once again, invalidation just below.”

Image
Source: Crypto Messiah/Twitter

Crypto Messiah also highlights that the potential bullish runs of these five coins still depend on BTC’s long-term performance.

“These longer-term log channels are significant…. have been respected over YEARS. If BTC were to fake us out and dump our s**t… it would absolutely break these down… could represent an extended bear market. I don’t think we are doing that… yet.”

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.

The post Five Altcoins From One Crypto Sector Have Huge Upside Potential, Says Popular Whale appeared first on The Daily Hodl.

Ronnie Huss

Ronnie Huss

Leave a Reply

Your email address will not be published. Required fields are marked *

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 68,521.36
ethereum
Ethereum (ETH) $ 3,777.29
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 596.17
solana
Solana (SOL) $ 168.52
staked-ether
Lido Staked Ether (STETH) $ 3,772.38
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.521616
dogecoin
Dogecoin (DOGE) $ 0.161889
cardano
Cardano (ADA) $ 0.448895
the-open-network
Toncoin (TON) $ 6.50
shiba-inu
Shiba Inu (SHIB) $ 0.000026
avalanche-2
Avalanche (AVAX) $ 36.48
chainlink
Chainlink (LINK) $ 18.23
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,379.32
tron
TRON (TRX) $ 0.111580
polkadot
Polkadot (DOT) $ 7.06
bitcoin-cash
Bitcoin Cash (BCH) $ 467.82
uniswap
Uniswap (UNI) $ 10.96
near
NEAR Protocol (NEAR) $ 7.40
matic-network
Polygon (MATIC) $ 0.702213
litecoin
Litecoin (LTC) $ 84.88
pepe
Pepe (PEPE) $ 0.000014
internet-computer
Internet Computer (ICP) $ 12.17
fetch-ai
Fetch.ai (FET) $ 2.23
leo-token
LEO Token (LEO) $ 5.96
dai
Dai (DAI) $ 1.00
wrapped-eeth
Wrapped eETH (WEETH) $ 3,925.06
ethereum-classic
Ethereum Classic (ETC) $ 30.06
aptos
Aptos (APT) $ 9.28
render-token
Render (RNDR) $ 10.18
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,726.48
hedera-hashgraph
Hedera (HBAR) $ 0.101647
dogwifcoin
dogwifhat (WIF) $ 3.45
cosmos
Cosmos Hub (ATOM) $ 8.58
kaspa
Kaspa (KAS) $ 0.139129
arbitrum
Arbitrum (ARB) $ 1.14
immutable-x
Immutable (IMX) $ 2.22
mantle
Mantle (MNT) $ 1.00
filecoin
Filecoin (FIL) $ 5.81
crypto-com-chain
Cronos (CRO) $ 0.117014
stellar
Stellar (XLM) $ 0.106313
ethena-usde
Ethena USDe (USDE) $ 1.00
the-graph
The Graph (GRT) $ 0.307296
first-digital-usd
First Digital USD (FDUSD) $ 1.00
arweave
Arweave (AR) $ 43.82
blockstack
Stacks (STX) $ 1.97
bittensor
Bittensor (TAO) $ 407.87
okb
OKB (OKB) $ 45.67
optimism
Optimism (OP) $ 2.50