Three Altcoins Could Follow Solana’s Boom, Crypto Trader Says

It’s been just revealed that there’s a popular crypto trader who said that three specific altcoins could follow the path of the one that Solana took.

As you probably know by now, Solana (SOL) has climbed to the sixth-ranked crypto, according to CoinGecko.

You probably also know that the smart contract platform is up more than 600% from its July low of $23.47.

Important analyst keeps an eye on XTZ, DOT, and ATOM

Crypto trader and market analyst Michaël van de Poppe keeps an eye on decentralized blockchain platforms Tezos (XTZ), Polkadot (DOT), and Cosmos (ATOM) after SOL’s breakout to a new ATH.

He recently said that ATOM looks ready to run based on its underlying market structure.

“If I would have to choose a coin that’s going to follow Solana and it has to be a layer-one solution, it’d either be Tezos, Polkadot, or it’s going to be Cosmos, and given the structure, it looks amazing.”

He also pointed out the fact that ATOM is trading within a two-year accumulation period against Bitcoin.

The analyst is looking for a retest of the 0.00051 BTC level ($22.88) after the token began trading in an uptrend against BTC in August.

He also addressed where ATOM is headed next, and he is paying attention to two key price levels.

“Nice retest off the ($17.47) level, regained everything that it lost in the crash a few days ago, and I think that we’re going to continue moving and we’re going to break the highs through which the next target zone I am looking at for Cosmos is $47.50 and $72.”

Solana (SOL) marks a massive success

Amidst a crashing crypto market, some altcoins are making waves in the crypto space.

One of them is Solana (SOL) which continues to surge like there’s no tomorrow.

Lark Davis, who is an important crypto trader, noted that there are five reasons which are contributing to SOL’s surge.

Previous ArticleNext Article
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.