This emerging altcoin will follow Solana’s explosive price action, predicts top crypto strategist

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A prominent crypto strategist and trader says he sees an altcoin emerging as a result of the explosive price action of the smart contract platform Solana.

Pseudonymous trader Inmortal told his 66,600 Twitter followers that he was considering Cosmos (ATOM), a project that aims to help developers create different blockchains capable of processing and exchanging data, thereby creating a decentralized internet of blockchains. According to the crypto analyst, Atom will be the next Solana (SOL), a crypto asset that has grown almost 350% in the past 30 days, according to CoinGecko.

“FOMO (fear of running out) will start soon. ATOM.”

Source: Immortal / Twitter

The crypto analyst is also looking at Cosmos in his Bitcoin (ATOM / BTC) pair. According to Inmortal, ATOM / BTC must turn the resistance of 0.00055 ($ 25) into support to trigger a parabolic rise in value.

“One of the biggest accumulation ranges in ALT / BTC pairs, (+800 days). When ATOM finally returns that KEY level, I think we’ll see fireworks.

Source: Inmortal / Tradingview

If ATOM / BTC followed Inmortal’s script, the pair could reach 0.002 BTC ($ 91.14), which is a potential rise of over 230% from its current price of 0.0006 BTC or 27.34. $.

Inmortal is also closely monitoring Ethereum (ETH) price developments. The crypto analyst believes that ETH’s move below $ 3,400 is an opportunity to buy the downside.

“I see an opportunity here. Stop hunting + strong rebound at KEY level. I will buy all dips below $ 3,400, targeting $ 3,800 (break point) for now.

Source: Inmortal / Twitter : The opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

Featured Image: Shutterstock / Dario Lo Presti / Stockbym

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