A popular cryptocurrency trader is bullish on blockchain gaming platforms.
A pseudonymous analyst known as Altcoin Sherpa says 213,600 followers of social media platform
The analyst believes that GALA could bounce after reaching the Fibonacci area.
“GALA: If you like money, buy it here in the green box.”
GALA is approaching this range and is trading at $0.0567 at the time of this writing. The 58th-largest cryptocurrency asset by market capitalization has fallen more than 9% in the past 24 hours.
Altcoin Sherpa also shares analysis on Bittensor (TAO), a decentralized blockchain platform focused on machine learning and artificial intelligence (AI).
“I would like to see this stock cool off and form a long-term bottom. I still think this will work out well this cycle as an AI leader, but in the short term, things look bad. “For this product, the (dollar cost average) would be $400 to $500.”
TAO is trading at $522.02 at the time of this writing. The 41st-ranked cryptocurrency asset by market capitalization fell more than 7% in the past 24 hours.
Altcoin Sherpado Called The chart for Ethereum (ETH) layer 2 scaling solution Arbitrum (ARB) may look bearish.
“Some of these charts look dirty. I would like to see a bit of a bounce here or ARB could potentially go to $1.20.”
ARB is trading at $1.46 at the time of this writing. The 33rd largest cryptocurrency by market capitalization fell nearly 7% over the past day.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney