An expert in the world of cryptocurrency predicts that a top-10 altcoin based on market capitalization is on the verge of reaching new all-time highs (ATHs).

Altcoin Sherpa, a crypto trader who shares insights with his 216,700 followers on the social media platform X, believes that BNB, the native token of the BNB Chain, is showing strong market structure.

In his analysis, Altcoin Sherpa suggests that BNB is poised to break through the upper limit of a trading range at $621.50 and continue its upward trajectory towards new ATHs. Currently, BNB is trading at $669, reflecting a gain of more than 7% in the last 24 hours. The coin achieved an ATH of $686 on May 10th, 2021.

Looking ahead, Altcoin Sherpa expresses optimism about Bittensor (TAO), a decentralized blockchain platform focusing on machine learning and artificial intelligence (AI). However, he cautions that TAO must maintain the critical support level of $350 to avoid a collapse in value.

Shifting focus, the trader turns his attention to My Neighbor Alice (ALICE), an NFT play-to-earn video game, suggesting that it may revisit lower Fibonacci levels before experiencing a rebound.

Lastly, Altcoin Sherpa highlights NOT, a community token associated with the popular tap-to-earn mining game Notcoin, indicating that it may have established a market bottom after bouncing back from $0.0199.

As always, investors are encouraged to stay informed and exercise caution when making high-risk investments in Bitcoin, cryptocurrency, or digital assets. It is important to conduct thorough research before engaging in any financial transactions. The Daily Hodl does not provide investment advice and participation in affiliate marketing is disclosed.