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Home»Altcoins»Top trader names six Altcoins leading crypto pack, says ‘mega-strong’ coins likely to see cooldown for now
Altcoins

Top trader names six Altcoins leading crypto pack, says ‘mega-strong’ coins likely to see cooldown for now

October 2, 2024No Comments
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A closely followed trader known for making timely altcoin calls believes that six crypto assets are the fastest horses in the digital asset race.

Pseudonymous analyst The Flow Horse tells his Telegram followers that six altcoins are ahead of the crypto pack, including projects in the artificial intelligence (AI), memecoin, and layer 1 sectors.

“Memes are more diverse, AI is led by TAO. Wif, Bonk, Grandpa. Sei and Sui are still strong. I wouldn’t really diversify outside of this top tier until the market makes it very obvious. Be late for this change if necessary.

Source: The flux horse/Telegram

With the latest crypto correction, The Flow Horse believes the drop is not a signal that strong altcoins are ready to give up most of the gains seen over the past few weeks.

“Anything mega-strong will likely just experience a cooling and not a reversal. I’m not sure about the depth or breadth, but I’m pretty confident about the direction. As long as the previous daily pivots hold (the idea that the previous major resistance becomes support), I see no reason to be too worried.

The trader zooms in on the Pepe (PEPE) memecoin to show how strong coins turned former resistance into support after the pullback.

“Keep an eye out for what’s showing strength and anything that’s at an earlier inflection point:

for example Pépé…

If markets strengthen and uncertainty dissipates, this is the level reached. »

Source: The flux horse/Telegram

At the time of writing, PEPE is trading at $0.00000983, up from its 24-hour low of $0.0000929.

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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.

Featured Image: Shutterstock/Model Trends/AtlasbyAtlas Studio





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