HomeNewscoinquora.comAnalyst Believes Altcoins Season Already Started, Highlighting ATOM

Analyst Believes Altcoins Season Already Started, Highlighting ATOM

- Advertisement -


  • A crypto analyst announced altcoins season.
  • He highlighted ATOM, AVAX, EGLD, and SUSHI. But insisted on ATOM.

In a video posted on August 17, a crypto analyst announced altcoins season, highlighting ATOM, AVAX, EGLD, and SUSHI.

YouTuber Scott Melker who uses the pseudonym ‘The Wolf Of Wall Streets’ on Twitter, retweeted an old tweet that highlighted potential trade ideas on ATOM, AVAX, EGLD, and SUSHI.

Melker’s retweet comes after a series of new all-time highs from altcoins and a drop in the Bitcoin dominance metric. Regarding this, ‘The Wolf Of Wall Streets’ was convinced that an alt season has started.

Bitcoin’s (BTC) 65% recovery from around $29,000 on July 20, to a jump to over $52,000 on September 7, helped bring fresh bullish momentum back to the crypto market and traders.

Currently, the BTC rally has delayed out around the $47,000 price level. More so, the analyst said that this phase of sideways trading allows altcoins to step forward.

According to Melker, decentralized finance (DeFi) projects are the leading altcoin gainers since last week. Notably, projects like Cosmos (ATOM), Avalanche (AVAX), Elrond (EGLD), and SushiSwap (SUSHI) hit record highs.

In addition, the crypto analyst insisted on Cosmos (ATOM). Besides, he shared a chart showing the ATOM token bullish trend. According to CoinMarketCap, the ATOM token hit a new all-time high of over $41 in the last 24-hour period. As a result, it surged by over 11% in the past 24 hours. And buy over 22% in the past 48 hours.

At press time, Cosmos (ATOM) is trading at $39.26 on CoinMarketCap. Moreover, Cosmos describes itself as a platform that solves some of the “hardest problems” facing the blockchain industry.

To specify, the project strives to provide an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work (PoW) protocols.



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,560FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,253.00
ethereum
Ethereum (ETH) $ 3,364.02
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 389.22
litecoin
Litecoin (LTC) $ 146.87
eos
EOS (EOS) $ 2.91
okb
OKB (OKB) $ 27.45
tezos
Tezos (XTZ) $ 4.30
leo-token
LEO Token (LEO) $ 3.78
cardano
Cardano (ADA) $ 1.42
monero
Monero (XMR) $ 225.58
stellar
Stellar (XLM) $ 0.25983
chainlink
Chainlink (LINK) $ 25.73
huobi-token
Huobi Token (HT) $ 10.02
tron
TRON (TRX) $ 0.069953
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 137.99
neo
NEO (NEO) $ 25.23
iota
IOTA (MIOTA) $ 1.14
nem
NEM (XEM) $ 0.119938
zcash
Zcash (ZEC) $ 141.55
maker
Maker (MKR) $ 2,255.21
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 32.35
vechain
VeChain (VET) $ 0.07865
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 46.52
kucoin-shares
KuCoin Token (KCS) $ 21.20
waves
Waves (WAVES) $ 14.34