A popular analyst claims that crypto market participants are overlooking a payments-focused altcoin that has performed well in recent months.
The crypto strategist, pseudonym known as Altcoin Sherpa, told his 236,400 followers on social media platform
But for now, the trader is using the Fibonacci retracement levels to chart a decent support zone for the XRP bulls.
“XRP will continue to be under-owned and dormant by crypto natives. I still think $2 is a reasonable buy and will surpass the ATH (all time high) by the end of the cycle.
At the time of writing, XRP is worth $2.17.
Looking at the memecoin Popcat (POPCAT), the trader believes that the Solana-based crypto asset (SOL) may be ending its multi-week downtrend.
“POPCAT, this should be the lowest level.”
At the time of writing, POPCAT is trading at $0.798.
Regarding a crypto project dubbed the Solana Killer, Altcoin Sherpa says traders should not underestimate Sui Layer 1 Protocol (SUI) despite its bearish daily chart.
“SUI, I would never want to short this chart where it is currently, but it doesn’t look great. Yet this one continues to rise no matter how the chart looks, so disappear at your own risk.
At the time of writing, SUI is worth $4.18.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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