A closely watched crypto analyst lists five altcoins that he believes are showing strength despite choppy market conditions.
Pseudonymous crypto trader Altcoin Sherpa tells are 217,200 followers on the social media platform blockchain Toncoin (TON) looks all bullish in a market that is generally range-bound.
“Watching these for active trades, a lot of things look like cr*p at the moment.”
According to the analyst, Wormhole is one of his top picks. However, he warns that it is still possible for W to retreat and stagnate.
“W is one of the strongest coins out there right now. Keep this in mind if you are actively trading. I want to buy this at the breakout. If you see it pulling back sharply, it will still be trading in the same range and not ready for the big move we all want.”
W is trading at $0.644 at the time of writing, down fractionally over the past 24 hours.
We move on to JASMY, Altcoin Sherpa say the token looks “extremely strong” and is likely to rise to its resistance level before correcting.
“JASMY extremely strong. No idea what this thing does, but it didn’t even budge today. It honestly looks like it could go all the way to $0.067 before there would be a significant pullback.”
JASMY is trading at $0.0397 at the time of writing, up 5.25% over the last 24 hours.
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Generated image: Midjourney