dailyhodl.com
A closely followed crypto analyst is listing five altcoins he believes are showing strength despite the choppy market conditions.
Pseudonymous crypto trader Altcoin Sherpa tells his 217,200 followers on the social media platform X that layer-1 protocol Injective (INJ), cross-chain protocol Wormhole (W), data democratization project JasmyCoin (JASMY), Bitcoin (BTC) layer-2 scaling solution Stacks (STX) and layer-1 blockchain Toncoin (TON) all look bullish amid a generally range-bound market.
“Eyes on these for active trades, a lot of stuff looks like cr*p right now.”
According to the analyst, Wormhole is one of his top picks. However, he warns that it’s still possible for W to pullback and stagnate.
“W is one of the strongest coins out there right now, would keep an eye on this if you are actively trading. I want to buy this on the breakout – if you see it pull back strongly, it’s still going to be trading within this same range and not ready for the big move we all want.”
W is trading for $0.644 at time of writing, a fractional decrease during the last 24 hours.
Moving on to JASMY, Altcoin Sherpa says the token looks “extremely strong” and will likely rise to its resistance level before it corrects.
“JASMY extremely strong. No clue what this thing does but it didn’t even budge today, honestly looks like it could go all the way to $0.067 before any significant pullback.”
JASMY is trading for $0.0397 at time of writing, a 5.25% increase during the last 24 hours.
Generated Image: Midjourney