dailyhodl.com
A closely followed crypto strategist believes three new digital assets are about to soar in the coming weeks.
Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that three altcoin projects have a lot of upside potential after launching during relatively poor market conditions.
The three projects are cross-chain messaging protocol Wormhole (W), Ethereum (ETH)-based project Omni Network (OMNI) and TNSR, the governance token of non-fungible token (NFT) platform Tensor.
“Eyes on new coins. W, OMNI and TNSR are all on my radar. They launched in relatively bad conditions and I expect some of these (W especially) to go up a decent amount over the coming weeks. Better as a spot trade in my opinion.”
At time of writing, W is trading for $0.62, OMNI is trading for $25.20 and TNSR is trading for $1.19.
The analyst also warns that Bitcoin (BTC) could break either way as it hovers around the middle of a trading range on the four-hour chart.
“BTC: this is a trouble area. I took profits on my last ENA (Ethena) buys and will stay flat for active positions right now. You generally don’t want to trade near the [0.5 Fibonacci level] and this is also the four-hour 200 exponential moving average. Will happily buy back higher later if necessary but still very very long with spot alts.”
Bitcoin is trading for $66,216 at time of writing, up 2.6% in the last 24 hours.