It looks like the Cryptocurrency market has not yet recovered from the previous week’s downfall as the market is depicting a mixed signal. The world’s largest cryptocurrency by market capitalization, Bitcoin, has fallen back towards the $46,000 range whereas Ethereum has gained a $3,500 level back.
The global market capitalization has moved up to $2.15 trillion adding about 0.33% in the last 24hrs. With this, a few of the altcoins too are showing mixed signals.
Analyst Predicts A Bullish Ride For Ethereum Challengers!
A popular Crypto analyst and trader, Altcoin Sherpa who has 171,400 Twitter followers says he is super bullish on Near (NEAR), Ethereum rival, and smart contract platform.
As per the analyst, NEAR Price has already hit his predicted target, $16 and now he will HODL as he expects the altcoin to hit $20.
At the time of writing NEAR is trading at $16.61 with an increase of 5.16% over the last 24hrs.
Next is Solana (SOL) Price which has caught Altcoin Sherpa’s attention. As per the crypto strategist, Solana is expected to hit $150-$200 in the coming weeks before the currency’s bull run is over.
At press time Solana has plunged by 0.76% in the last 24hrs after it reached $135.85.
Avalanche (AVAX), another Ethereum competitor, is next on the trader’s watchlist. According to Altcoin Sherpa, AVAX will soon rally towards $115 in the coming weeks.
At the time of writing, AVAX is changing hands at $96.99 with a decrease of 1.91% over the last 24hrs.
The last altcoin under the crypto strategist’s radar is Alpha (ALPHA), a governance, utility and work token of Alpha Finance Labs.
The analyst, Altcoin Sherpa, believes ALPHA will rise in volume and will reach $0.80 and more in the coming weeks before the currency’s bull run is over.
At the time of reporting, ALPHA is trading at $0.539 after a drop of 8.58% over the last 24hrs.