Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Predicts One Altcoin Will Rally Ahead of the Pack, Says Bitcoin Pullbacks Likely To Be Shallow

by Daily Hodl Staff
November 11, 2021
in Altcoins, Bitcoin, Trading

A closely followed crypto market trader thinks the Bitcoin (BTC) bull market remains in full swing while predicting an early altseason for one crypto asset in particular.

The pseudonymous trader known as Altcoin Sherpa is bullish on the decentralized streaming platform Theta (THETA). He tells his 145,900 Twitter followers that THETA may be gearing up to rally and precede the rise of many altcoins in the space.

“I think that this one will moon earlier than other altcoins. It’s been in an accumulation range for longer than most and hasn’t pumped really in quite some time.

I expect many alts to look like SNX did back in 2020. V-shaped reversal/accumulation/expansion.”

Image
Source: AltcoinSherpa/Twitter
Image
Source: AltcoinSherpa/Twitter

He adds that THETA tends to move on its own terms, distinct from the rest of the overall crypto market.

“THETA is one that could outperform. It chopped around longer than others AND it also has its own market cycles/does shit on its own usually”

Currently, THETA is trading at $8.06.

Taking a look at Bitcoin (BTC), the pseudonymous trader says that dips may be shallower than those experienced in 2020 as the context surrounding the market is different.

The most recent BTC pullback measured just under 14%, whereas 2020’s pullback before liftoff was 17%.

“BTC: Market structure, context, charts are all different vs. other 20k resistance price action in 2020. With that said, the pullbacks don’t have [to] be that deep when price grinds near ATH [all-time high] levels like this. Up only.”

Image
Source: AltcoinSherpa/Twitter
Image
Source: AltcoinSherpa/Twitter

Sherpa also looks at Algorand (ALGO), noting that it may have trouble outperforming Bitcoin as it struggles to break out of its sideways range.

“ALGO: I think this one continues to chop around a lot. I don’t know if it outperforms BTC, seems unlikely.”

Image
Source: AltcoinSherpa/Twitter

Finally, he takes a look at the blockchain indexing protocol The Graph (GRT). After highlighting that the token is showing signs of accumulation, Sherpa says that GRT might be about to take off.

“GRT: This coin seems to be showing some signs of accumulation. Some nice volume coming in. I wouldn’t mind scaling in here for a passive trade.”

Image
Source: AltcoinSherpa/Twitter

At time of writing, GRT is trading at $1.18.

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
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/Art Furnace/Sensvector

Submit a Press Release

Industry Announcements

  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
  • DoraHacks Raises $20 Million Led by FTX Ventures and Liberty City Ventures To Scale Its Global Web 3.0 Startup Platform
    May 18, 2022
  • BinaryX Unveils CyberArena – A New Play-To-Earn Experience
    May 18, 2022
  • Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
    May 17, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,077.00
$30,077.00
3.18%
Ethereum
$2,006.79
$2,006.79
1.75%
Cardano
$0.533481
$0.533481
1.37%
XRP
$0.418832
$0.418832
1.83%
Dogecoin
$0.086568
$0.086568
1.09%

Spotlight

  • Top Crypto Analyst Says One Altcoin Has Dropped to ‘Once in a Lifetime Opportunity’, Updates Bitcoin and Ethereum Forecast
    May 12, 2022
  • Mike Novogratz’s Galaxy Digital Sees Massive $300,000,000 Loss This Quarter, Hints at Zero Exposure to TerraUSD
    May 16, 2022
  • Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz
    May 19, 2022
  • Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash
    May 13, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl