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Home»ALTCOIN NEWS»Trader Says Altcoins in Bitcoin Ecosystem Have Lots of Room to Run, Updates Outlook on SEI and BONK
ALTCOIN NEWS

Trader Says Altcoins in Bitcoin Ecosystem Have Lots of Room to Run, Updates Outlook on SEI and BONK

By Crypto FlexsJanuary 12, 20242 Mins Read
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Trader Says Altcoins in Bitcoin Ecosystem Have Lots of Room to Run, Updates Outlook on SEI and BONK
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Widely followed cryptocurrency trader Altcoin Sherpa is bullish on altcoins as long as they operate in the Bitcoin (BTC) ecosystem.

anonymous analyst says Stacks (STX) has 205,000 followers on social media platform X with more upside potential.

“STX: I think it would be great to get in for about $1.75. Pay attention to this. “I think there’s really a lot of room for action.”

Source: Altcoin Sherpa/X

Looking at his chart, the trader suggested that STX could retest the $1.73 support level before a rebound.

Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin.

STX is trading at $1.90 at the time of this writing, after reaching a low of $1.68 over the past 24 hours.

Next is the merchant Believe Solana (SOL) competitor Sei Network (SEI) is still on the rise.

“SEI: Here we hope to get back to the .382 ($0.58) level and consolidate like we did near $0.22. “Until we see otherwise here, we remain optimistic, but we wouldn’t be surprised to see some cooling.”

video
Source: Altcoin Sherpa/X

As of this writing, SEI is trading at $0.78, up more than 17% in the last 24 hours.

Finally, the merchant predict memecoin Bonk (BONK) could hit two higher price targets soon.

“BONK: It makes sense that BONK has rebounded from its recent lows. I personally haven’t played it. If you’re in this higher (or lower), I think you’ll have a good chance of a dead rally coming (eventually). It will be a seller for about $0.0000163, $0.0000180.”

video
Source: Altcoin Sherpa/X

BONK is trading at $0.0000161 at the time of writing, up 15% 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 that you are responsible for any losses that may occur. 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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