A crypto strategist known for making timely altcoin calls says he’s snapping up the utility token of a supply-chain focused project.
Pseudonymous analyst Credible tells his 476,600 followers on X that he accumulated OriginTrail (TRAC) after the coin dropped to a high-time-frame (HTF) support level.
“Added some TRAC to my spot holdings today, still just marinating in the HTF accumulation zone.”
In July, the analyst explained why he decided to include TRAC in his core holding.
“TRAC ran about 5x after it first came to my attention in 2023.
It has now found its way back to the original accumulation zone that I had marked off back then.
Fully diluted supply of 500 million and current market cap of 200 million means zero token inflation and plenty of upside potential for OriginTrail.
It has been a core holding for me since I spoke about it a couple of years ago, and it seems fundamentals have only gotten stronger since then.
I don’t think you can go wrong with picking up some spot again at these levels.”
TRAC powers a decentralized knowledge graph built for supply chains and beyond. At time of writing, TRAC is trading at $0.361, up over 7% on the day.
Looking at XRP, the analyst predicts that the payments altcoin is primed to outpace Ethereum (ETH), which has ignited strong rallies over the last two months. According to the analyst, XRP/ETH is flashing a bullish divergence on the three-day chart, indicating that a bullish reversal is in sight.
“One more confluent factor to support my thesis below of XRP outperformance over ETH in the coming weeks/months:
We have already printed confirmed daily bull divs on the XRP/ETH pairing and are currently in the process of printing one on the 3D time frame as well… The picture being painted is quite clear in my opinion.”
Based on the trader’s chart, he seems to predict that XRP/ETH will rally to 0.00165 ETH. At time of writing, XRP/ETH is trading at 0.000066 ETH, worth $2.86.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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 losses 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.
Generated Image: Midjourney
