Popular crypto analysts are looking at altcoin breakouts that compete with the leading smart contract platform Ethereum (ETH).
A pseudonym trader known as Altcoin Sherpa told 169,500 Twitter followers that he has high expectations for Cosmos (ATOM), a blockchain ecosystem designed for both scalability and interoperability. I am.
trader To tell He is impressed with the project’s Inter-Blockchain Communication Protocol (IBC), which went live in April last year, and hopes ATOM will be one of the top performers in 2022.
“I’m probably late for the show on this, but I think Cosmos will be a really big 2022.
There’s a lot of interesting things being built and a lot to say about IBC in the future. I think this is definitely something to watch in the future. “
Sherpa Conclusion His ATOM discussion by calling attention to what would happen if the price of Top Crypto Bitcoin (BTC) fell dramatically.
“”[Technical analysis] Wisely, I think the trend looks decent in the lower time frame, we are looking at the EMA [exponential moving averages] Shake bullish.
The EQ of the range is also retained for now, but once BTC goes to bed, it will return to the lows of the range. “
At the time of writing, Cosmos has risen 3.03% and is trading at $ 32.67. ATOM has increased significantly by 45.7% since the overall crypto market flash crashed on February 24th.
When moving to the smart contract platform Terra (LUNA), Altcoin Sherpa look If the altcoin price is revised again, at the $ 77 level entry point.
“LUNA is a good coin to last for $ 77 for several reasons. Such coins will be the earliest to buy in these environments.
There are also incredible benefits as you approach previous highs (price discovery). “
Terra is currently riding a wave of positive momentum, with valuations rising 23.1% from $ 73.66 to $ 90.73 throughout the week, including today’s 2.33% rise.
A pseudonym trader summarizes his crypto coverage as follows: Plot out He thinks Bitcoin is heading.
Sherpa says BTC seems to be in a good position to go long.
“High time frame [is] It’s still bearish, but if you’re using EMA, this is an area of support in a lower time frame.
There are lots of confluences with some EMAs in 4 hours – I personally think this is a decent area. “
Bitcoin has been fixed somewhat in the last few days after vertically ripping from the $ 38,000 level to over $ 44,000 at the beginning of the week.
BTC has fallen 3.75% at the time of writing and is being exchanged for $ 40,815.
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