It’s been revealed that there are high expectations for the prices of some important digital assets. Check out the latest reports about all this below.
New price predictions for digital assets
There is a popular crypto strategist who says Bitcoin (BTC) and two Ethereum (ETH) rivals, Solana (SOL) and Fantom (FTM), have more room to grow.
Pseudonymous analyst Altcoin Sherpa said that Bitcoin is likely to surge at least 25% from its $23,817 value at time of writing.
“BTC: The longer that this hangs around this area, the more bullish I am. I think that it’s quite likely that we see a gap fill up to $30,000 eventually.”
Next, Sherpa says Solana seems to be headed to the $30 range.
“Solana has done well and it should go to the mid-$30s if BTC holds up. I’m not sure what the long-term future for this coin is, FTX/Alameda had a big bag of it iirc (if I recall correctly) and who knows how that’ll get liquidated. The culture of this chain is still good though.”
He also talked about Fantom, and he set a price target of more than $0.60. Fantom is worth $0.58 at time of writing.
“FTM: Looks extremely… strong, I like this one. It will eventually hit $0.60ish IMO [in my opinion].”
Bitcoin sees massive trend shift
It’s been just reported that the crypto analyst Benjamin Cowen says Bitcoin (BTC) is setting up for a potential trend shift. It’s important to note the fact that this could result in an explosive rally similar to the one in 2019.
In a new strategy session, Cowen said the fact that three different technical indicators are converging at a key price level for Bitcoin.
As the online publication the Daily Hodl notes, the 50-week moving average is on a downward trend, and the 200-week moving average is on an upward trend. These are both moving toward one another. The two moving averages appear likely to meet at BTC’s recent high of around $25,000.
