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Home»ALTCOIN NEWS»Trader, Layer 1 Altcoins Under the Radar Are Looking Strong, Explaining Future Paths for Solana and Phantom
ALTCOIN NEWS

Trader, Layer 1 Altcoins Under the Radar Are Looking Strong, Explaining Future Paths for Solana and Phantom

By Crypto FlexsAugust 16, 20242 Mins Read
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Trader, Layer 1 Altcoins Under the Radar Are Looking Strong, Explaining Future Paths for Solana and Phantom
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A widely known cryptocurrency strategist and trader believes that a low-cost layer-1 altcoin project could be gearing up for a massive rally.

Anonymous analyst The Crypto Dog told his 810,000 followers on social media platform X that Saga (SAGA) could break out of a downtrend line on the 3-day chart.

“Old SAGA. Looks like it’s ready to start its first uptrend.”

Source: The Crypto Dog/X

Blockchain project Saga aims to enable developers to launch interoperable application-specific chains called “Chainlets”.

At the time of writing, Saga is trading at $1.45, down 10% over the last 24 hours.

The analyst then suggested that Solana (SOL), a competitor to Ethereum (ETH), may have completed a correction compared to Bitcoin (SOL/BTC).

“Okay, SOL/BTC is bullish right now. I think we may have just bought the bottom.”

video
Source: The Crypto Dog/X

At the time of writing, SOL/BTC is trading at 0.002475 BTC ($138), up 1.47% in the last 24 hours.

Finally, the analyst suggests that ETH competitor Fantom (FTM) may be entering an uptrend versus Bitcoin (FTM/BTC) on the 4-hour chart.

“FTM is another one that has strength right now. The scammers keep talking about a supersonic rebrand. The USD pair looks close to breaking downtrend resistance and could be a winner.”

video
Source: The Crypto Dog/X

At the time of writing, FTM/BTC is trading at 0.00000648 BTC ($0.36), up 3.68% in the last 24 hours.

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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 at your own risk and any losses you may incur are your own 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.

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