Three Up-and-Coming Altcoins Predicted to Soar in the Next Few Weeks, Crypto Trader Forecasts
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A digital currency expert with a significant following is forecasting a surge for three emergent cryptocurrencies in the forthcoming period.
The anonymous influencer known as Altcoin Sherpa informs his audience of 215,400 on social media site X that three particular crypto ventures show promising signs of growth, having been introduced amidst challenging market environments.
In focus are the trio: Wormhole, a cross-chain communication protocol (W); Omni Network, a decentralized project on the Ethereum (ETH) blockchain (OMNI); and TNSR, the governance asset for the NFT platform Tensor (TNSR).
“New coins on the horizon. W, OMNI, and TNSR are under my surveillance. Post-launch in less than ideal market climates, I anticipate these—particularly W—to experience a respectable surge in the upcoming weeks. I believe direct purchases are the wiser choice in this case.”
At the moment of reporting, W is exchanging hands at $0.62, OMNI has a price of $25.20, and TNSR is currently priced at $1.19.
The specialist also cautions that Bitcoin (BTC) could sway in either direction, as evidenced by its ongoing consolidation within a specific band on the four-hour price chart.
“BTC: Navigating through precarious territory. I’ve taken profit on my recent Ethena (ENA) acquisitions and am opting to maintain a neutral stance on active trades at this instant. Generally, one should avoid trading in proximity to the [0.5 Fibonacci level], which also aligns with the 200 exponential moving average on the four-hour chart. Prepared to re-enter at higher levels if needed, though I maintain a strong position with long-term altcoin investments.”
At the time of authorship, Bitcoin commands a price of $66,216, marking a 2.6% increase within the past 24 hours.
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Disclaimer: Views expressed at The Daily Hodl are not investment counsel. Investors are urged to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware your trades and movements are at your discretion, and any resulting losses are your responsibility. The Daily Hodl does not advocate the purchase or sale of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Additionally, The Daily Hodl partakes in affiliate marketing.
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