A widely respected cryptocurrency strategist believes that newly launched altcoins could see multiple gains within a matter of weeks.
Pseudonymous analyst Altcoin Sherpa says 213,900 followers on social media platform
“W: The Long Wormhole to Financial Freedom. Just wait until the airdroppers get angry (very risk-averse investors selling at the slightest sign of a recession). This figure would then be much higher. Do you really think that a project that has worked very closely with Jump (Trading Group) does not have good market maker (MM) connections?”
W is trading at $0.98 at the time of this writing, down nearly 9% in the last 24 hours.
analyst proposal W may follow a similar price pattern to Jupiter (JUP), a token launched in January by decentralized exchange (DEX) aggregator Jupiter.
“You can also use JUP as a kind of guide. I don’t expect W to be under as much selling pressure as JUP initially, but we’ll see. If you buy and only hold for a few weeks, I think the price will probably multiply by several times (depending on BTC of course).”
Next is the merchant Believe Solana (SOL) is undergoing a correction and could fall 20% from its current value.
“SOL: Buy from $160 to $140 and be glad you got to this level.”
Solana is trading at $175 at the time of this writing, down more than 4% in the last 24 hours.
Analysts too Called A number of other altcoins seem to be experiencing a correction, including Celestia (TIA), a decentralized network that allows anyone to deploy their own blockchain with ease and minimal cost.
But he believes TIA could bounce back soon once the market bottoms.
“Many of the replacements were sketchy and had been sketchy for several weeks. Things like BLUR and TIA are at key levels, but I wouldn’t be surprised if they were lower. But the plan remains. Check out the alternatives you like and just enter the average cost. “I still think there’s a lot of good in it for a lot of people.”
Looking at the chart, traders suggest that TIA could fall into the $10 range before rebounding.
TIA is trading at $11.90 at the time of this writing, down more than 3% in the last 24 hours.
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