Crypto Trader Predicts Three New Altcoins that Will Likely Soar in the Coming Weeks
Crypto strategist Altcoin Sherpa, a popular analyst in the industry, predicts that three new digital assets will experience significant growth in the coming weeks. Despite launching during a period of poor market conditions, these altcoin projects have caught Altcoin Sherpa’s attention due to their upside potential. The three projects in question are the cross-chain messaging protocol Wormhole (W), the Ethereum-based Omni Network (OMNI), and TNSR, the governance token of the non-fungible token (NFT) platform Tensor.
Altcoin Sherpa took to social media platform X to share his thoughts with his 215,400 followers. He stated, “Eyes on new coins. W, OMNI, and TNSR are all on my radar. They launched in relatively bad conditions, and I expect some of these, especially W, to experience significant growth in the coming weeks. In my opinion, they are better suited for spot trading.”
Currently, W is trading at $0.62, OMNI is trading at $25.20, and TNSR is trading at $1.19.
Altcoin Sherpa also expressed caution regarding Bitcoin’s future direction. With Bitcoin hovering around the middle of a trading range on the four-hour chart, the analyst believes it could break either way. Altcoin Sherpa revealed, “BTC: this is a trouble area. I have taken profits on my last ENA (Ethena) buys and will remain flat for active positions at the moment. It is generally advisable to avoid trading near the 0.5 Fibonacci level, which also happens to be the four-hour 200 exponential moving average. I will happily buy back at a higher price later if necessary, but I am still very bullish on spot alts.”
At the time of writing, Bitcoin is trading at $66,216, reflecting a 2.6% increase in the last 24 hours.
In conclusion, Altcoin Sherpa’s analysis suggests that investors should keep an eye on W, OMNI, and TNSR for potential gains. However, caution is advised when trading Bitcoin due to its uncertain market position. As always, investors are encouraged to conduct their own research and exercise caution when making high-risk investments in digital assets.
