Five Altcoins From A Crypto Sector Have Huge Upside Potential, Popular Whale Says

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A prominent crypto-whale and analyst says he’s monitoring the movements of five emerging altcoins that he says have huge upside potential.

The pseudonymous analyst, known in the industry as Crypto Messiah, told his 134,800 subscribers that he is monitoring the decentralized finance (DeFi) industry as five altcoins in the segment appear poised to initiate bullish trends .

First on the list of crypto traders is SNX, a cryptocurrency that powers synthetic (synthesized) asset trading on the Synthetix platform. According to Crypto Messiah, his preliminary plan is to follow the trendline of long-term logging channels.

” CHALLENGE. Some Long Term Journaling Channels… The rise is huge. Invalidation just below.

Source: Crypto Messiah / Twitter

Following the trend lines of the crypto whale, SNX has the potential to break between $ 90 and $ 140 by early 2022.

Another coin on the list of traders is the THORChain Decentralized Exchange Protocol (RUNE).

“RUNE.”

Source: Crypto Messiah / Twitter

Based on the trader’s chart, RUNE appears to have bottomed out after bouncing off the lower limit of the channel, thus climbing towards the upper limit of the channel around $ 26 east in the charts.

Next, Bancor (BNT), a network that allows traders to trade different tokens transparently without the need for an intermediary.

“BNT.”

Source: Crypto Messiah / Twitter

Looking at the trader’s chart, BNT appears to be rebounding en route to the upper limit of the channel around $ 40.

The fourth on the trader’s radar is the Aave Decentralized Lending and Borrowing Protocol, which he says shows a different pattern than the other three coins, but his thesis remains the same.

“A little different structure on AAVE… but possibility of more than $ 2000.”

Source: Crypto Messiah / Twitter

From Aave’s current price of $ 388, a move to the Crypto Messiah target marks an increase of over 440%.

The final coin is CRV, the governance token of the decentralized exchange stablecoin Curve Finance. Crypto Messiah says that the price action of CRV follows the support and resistance levels of the Fibonacci Fan Tool.

“CRV… Noticeably different structure but hasn’t been around that long… But the fan fit is fantastic. Again, invalidation just below.

Source: Crypto Messiah / Twitter

Crypto Messiah also points out that the potential surges of these five coins still depend on the long-term performance of BTC.

“These longer term logging channels are important…. have been respected over the YEARS. If BTC were to cheat us and throw our shit out… it would absolutely break them… could represent a prolonged bear market. I don’t think we’re doing it… yet.

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Featured Image: Shutterstock / Tithi Luadthong

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