An altcoin that has gained more than 120% in two weeks is poised to continue its upward trend, according to a prominent cryptocurrency analyst.
In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 217,800 followers on social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) is ready to surge once again.
“I tried to buy but it was down for 30 minutes. After a big surge, if you see this kind of price action, another uptrend is coming. DYM.”
According to the trader’s chart, he believes DYM will soon reach the $2.25 price mark. DYM is trading at $2.20 at the time of writing, up 13.9% in the last 24 hours. On July 5, it was valued at $0.993.
Moving on to the dog-themed meme asset Shiba Inu (SHIB), Altcoin Sherpa says things are looking dire for the memecoin after Indian cryptocurrency exchange WazirX was hacked for hundreds of millions of dollars.
“SHIB: It’s a real shame about the hack. I hope they figure out a way to stop the selloff somewhere. If it does sell off, I think a good place to start buying would be within the previous trading range of 700-1200. It’s scary right now.”
At the time of writing, Shiba Inu is trading at $0.000017, down 9.6% over the last 24 hours. Concluding his analysis of Solana (SOL), the trader says he expects the smart contract platform to grow slowly and steadily in the near future.
“SOL: SOL is still good and I expect it to continue to go up. $175 seems like the next interesting level, but don’t expect a 20% candle or anything like that for now. Just a slow and steady climb.”
As of this writing, Solana is trading at $156.53, down 1% from the previous day.
Don’t miss out on the latest news – subscribe to receive email notifications straight to your inbox.
Price check task
Follow us XFacebook and Telegram
Surfing the Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/tunnelmotions/Nikelser Kate