2024-06-12 00:05:52 by NewsBTC

Crypto analyst Altcoin Sherpa recently outlined five altcoins that could provide crypto investors and traders with significant gains. He noted that these coins were looking “pretty strong” at the moment despite a lot of other tokens looking like “crap.” Five Altcoins To Keep An Eye On In an X (formerly Twitter) post, Altcoin Sherpa mentioned Injective, Wormhole, JasmyCoin, Stacks, and Toncoin as the altcoins that are looking strong at the moment. He revealed that he has eyes on these coins and is looking to actively trade them at some point. In a series of other X posts, he explained why he believed some of these coins were strong.  In one X post, he talked about Wormhole and claimed that it was one of the strongest coins. He advised traders to keep an eye on it if they are actively trading. He further revealed that he would be looking to buy Wormhole if it breaks out. He added that if Wormhole pulls back strongly, it will likely continue to trade within its current range as it is not ready for that “big move.” Source: XIn another X post, Altcoin Sherpa touched on JasmyCoin and stated that the coin is “extremely strong,” seeing as it didn’t “budge” despite the pullbacks in the crypto market. He claimed that JasmyCoin could rise to as high as $0.067 before it experiences any significant pullback. He added that he wasn’t actively trading it, but it is one to watch.  Source: XAltcoin also provided insights into Toncoin’s price action, which he claimed was “weird,” with the top end being a supply zone and its price pulling back. However, he remarked that he is still bullish on the coin because it is enjoying a lot of attention, mainly thanks to Notcoin. The analyst views the $6 price range as a level to bid for anyone who believes that Toncoin will still break past its previous highs.  Source: XAltcoin Sherpa also seems bullish on Notcoin. He recently claimed that he has changed his mind about the token since its price action has calmed down and there is less volatility. He highlighted the consolidation pattern that has formed on Notcoin’s chart, which suggests that it is still primed for major moves to the upside.  Source: XA Meme Coin To Watch Out For Altcoin Sherpa is also bullish on Dogecoin and suggests that it is a meme coin to watch out for. He noted that Dogecoin is still looking pretty good on the high-time frame charts despite many memes looking choppy in the short term. He added that he expects Dogecoin to still do “big numbers” later in the year.  For now, he revealed that he is still expecting more chops for the next stretch and that he won’t be rushing to buy any fresh positions for Dogecoin at its current price level. Altcoin Sherpa had previously predicted that Dogecoin would eventually rise to as high as $1 in this market cycle as it still has a lot of firepower.  Altcoin market cap at $1.065 trillion | Source: Crypto total market cap excluding BTC from Tradingview.comFeatured image created with Dall.E, chart from Tradingview.com Scott Matherson Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. 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