A widely followed crypto analyst and trader says epic rallies are on the horizon for Binance Coin (BNB), Avalanche (AVAX) and two more altcoins.
Pseudonymous trader Smart Contracter tells his 178,800 Twitter followers that he believes BNB, the utility token of crypto exchange Binance, is in the midst of an uptrend that can push the price of the altcoin to as high as $1,200.
“Tell me BNB doesn’t look like it’s going to go stratospheric.”
Should BNB follow the trader’s script, it would mean a surge of over 85% from its current price of $648.
Another coin on the trader’s radar is Ethereum competitor Avalanche. Smart Contracter says AVAX is gearing up for a strong rally into new all-time high territory above $120.
“AVAX about to go into all-time high. Price discovery again.”
Next up is Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance. Smart Contracter believes that CRV has already carved a local bottom and is poised to climb to his target above $7.00.
“Nice 33% dip peak to trough and prior high SR (support/resistance) flip on this most recent CRV dip. This should resume up only from here.”
The last coin on the trader’s list is Star Atlas (POLIS), a spaced-themed blockchain-based game built on Solana (SOL). The crypto strategist predicts a huge rally to above $20 for POLIS now that it took out a diagonal resistance that has kept the altcoin bearish for about two months.
“POLIS… finally gearing up for a run. initial listing hype died off. Got that NFT (non-fungible token) gaming/metaverse narrative plus clean trendline break on volume. SEND.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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/Zita/REDPIXEL.PL