The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Says One Ethereum-Based Altcoin in Midst of Parabolic Surge, Predicts Rallies for Two Additional Crypto Assets

by Daily Hodl Staff
April 25, 2022
in Altcoins, Trading

A popular crypto strategist says he’s keeping a close watch on one Ethereum-based altcoin that he says is going through a parabolic rally.

Pseudonymous crypto analyst Altcoin Sherpa warns his 174,000 Twitter followers that shorting Kyber Network (KNC) while it is trading close to record highs is not a good idea for now.

“KNC: Don’t really think you want to long or short this thing in the short term. It looks parabolic and price discovery is always unpredictable. With that said, this is also going to be a glorious short eventually. I’d prefer waiting for the breakdown first.”

Image
Source: Altcoin Sherpa/Twitter

Kyber Network is a decentralized, blockchain-based exchange that focuses on aggregating liquidity and facilitating instant swaps between ERC-20 tokens. At time of writing, KNC is exchanging hands for $4.83.

Another token on the trader’s list is ApeCoin (APE), an altcoin created for the Bored Ape Yacht Club non-fungible token (NFT) community. Altcoin Sherpa predicts that APE will print new all-time highs.

“APE: it’s probably going to soundly break all-time highs given the overall land sale but this is also a sell-the-news period soon, in my opinion. The entire area upcoming is a dangerous area from a [technical] perspective but I think [fundamentals are] more important right now.”

Image
Source: Altcoin Sherpa/Twitter

Next up is Ethereum (ETH) competitor and smart contract platform Avalanche (AVAX). According to Altcoin Sherpa, AVAX is still bullish on high timeframes despite its sharp corrective move over the past weeks.

“AVAX: Still just a range but also technically a bullish market structure as long as this low holds, in my opinion. I think this one does pretty well as long as BTC holds up.”

Image
Source: Altcoin Sherpa/Twitter

The last coin on Altcoin Sherpa’s radar is NFT marketplace LooksRare (LOOKS). According to the analyst, LOOKS is at risk of a 16% pullback now that it is trading below support at $1.68.

“LOOKS: If this area fails, it’s going down to the low $1.30s, in my opinion.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, LOOKS is trading for $1.66.

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

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/lassedesignen/Natalia Siiatovskaia

Submit a Press Release

Industry Announcements

  • Mooky.io – $750,000 Raised Within a Matter of Days
    June 5, 2023
  • DPAT Raises Private Funding To Enhance Web 3.0 Ecosystem
    June 2, 2023
  • Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web 3.0 Open-World Gaming
    June 2, 2023
  • OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking
    June 2, 2023
  • Devour and AlterVerse Partner To Bring the World’s First Web 3.0 Food Ordering Marketplace to the Metaverse
    June 1, 2023
  • Bumper’s Breakthrough DeFi Protocol Set To Reshape Options Pricing
    May 31, 2023
  • MetaZone Secures Funding To Expand the World’s First Tokenized App Platform for the Metaverse
    May 30, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$25,778.91
$25,778.91
3.95%
Ethereum
$1,816.35
$1,816.35
3.01%
Cardano
$0.351885
$0.351885
6.35%
XRP
$0.514358
$0.514358
4.41%
Dogecoin
$0.066707
$0.066707
7.14%

Spotlight

  • Bitcoin (BTC) About To Flash Signal That ‘Historically’ Marks Beginning of Fresh Bull Runs: Analyst PlanB
    May 29, 2023
  • Bitcoin Firebrand Michael Saylor Says Banking Establishment Will Oppose CBDCs, Predicts Stablecoin Wind Down
    May 29, 2023
  • Solana (SOL) Could See Massive Upside in the Future, According to VanEck Digital Assets Research
    May 29, 2023
  • Trader Who Caught 2023 Crypto Rally Unveils Strong Signal for Bitcoin (BTC) ‘Moon Time’ – Here Are His Targets
    May 29, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

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 | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl