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Home»ALTCOIN NEWS»Trader reveals list of 5 powerful altcoins, including spin-offs, amid choppy market conditions
ALTCOIN NEWS

Trader reveals list of 5 powerful altcoins, including spin-offs, amid choppy market conditions

By Crypto FlexsJune 11, 20242 Mins Read
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Trader reveals list of 5 powerful altcoins, including spin-offs, amid choppy market conditions
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One closely watched cryptocurrency analyst has listed five altcoins he believes are showing strength despite choppy market conditions.

Pseudonymous cryptocurrency trader Altcoin Sherpa informs his 217,200 followers on social media platform Solution Stack (STX) and layer 1 blockchain Toncoin (TON) are both strong in a typically range-bound market.

“Keep an eye on these for active trading. A lot of them look cr*p at the moment.”

According to analysts, Wormhole is one of his top picks. However, he warned that W could still decline and stagnate.

“W is one of the most powerful coins right now. If you are actively trading, you will keep an eye on this. I want to buy this on breakout. If we see a strong decline, it will still be trading in the same range and we will not be prepared for the big move we all want.”

Source: Altcoin Sherpa/X

W is trading at $0.644 at the time of writing, down slightly over the past 24 hours.

Moving on to JASMY, Altcoin Sherpa says the token looks “very strong” and is likely to rise to resistance levels before a correction.

“JASMY is very strong. I have no idea what it does, but today it didn’t budge. Honestly, I think we could get to $0.067 before there is a big decline.”

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Source: Altcoin Sherpa/X

JASMY is trading at $0.0397 at the time of writing, up 5.25% in the last 24 hours.

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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 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.

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