A cryptocurrency strategist who follows closely believes one large altcoin is poised for strong gains this year.
Pseudonymous analyst Altcoin Sherpa says 204,600 followers on social media platform
“BNB: I think bid around $285. The region is currently uncertain and the overall market is (currently) unstable. Still, I’m still optimistic about this. I think BNB will see big gains in 2024. This was mainly done through the Binance Launchpad project.”
Looking at his chart, the trader suggests that the Fibonacci retracement levels of 0.236 ($305.9) and 0.382 ($286) still act as support for BNB.
As of this writing, BNB is trading at $309.13, down more than 4% in the last 24 hours.
Next is the merchant Called He is bullish on Ethereum (ETH) layer 2 scaling solution Arbitrum (ARB) for the long term, but expects a lower trading range in the near term.
“ARB: I think this is still strong and the price range is somewhat clear. I would bid around $1.80, which would be a good first starting point. As things get worse, some bids go as low as $1.60. Still, we remain optimistic about this higher term.”
Arbitrum is trading at $1.87 at the time of writing, down 3.42% in the last 24 hours.
Finally, the merchant Called Celestia (TIA), a blockchain designed to allow anyone to start their own decentralized network at minimal cost, is likely to see higher upside.
“TIA: To be honest, when things like this usually pass, it stays pretty strong. This has been cut/gathered for a while, but I think the next leg will come. If you bid above $14.30, you’ll probably get it.”
Celestia is trading at $15.73 at the time of this writing, up more than 1% in the last 24 hours.
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 will be responsible for any losses you may incur. 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: DALLE3