Lace-up dealer Peter Brandt says that one crypto-asset-targeted crypto assets will surpass the peloton and at the same time predicts a huge revival for silver.
Brandt tells his 803,900 followers on the social media platform X that although most cryptocurrencies will eventually go to zero, a token that he proposes to become a “rock star” the XRP (XRP) rival stellar (XLM).
“Every crypto nerd has his/her/his own pet rock or beanie -baby. I believe that 95%+ out of 11,000 actively traded coins will almost become worthless – including your pet rock.
There are already 3.7 million coins dead (source: Coetecko). Only about 50% of the most actively traded cryptos act more than 10% of their peak value. A coin that I think could be a rock star is XLM. “
Looking at Brandt’s graph, he seems to suggest that XLM is preparing to break out of a huge triangular pattern on the monthly graph. The graph also seems to suggest that Brandt focuses on $ 1.51 for XLM.
XLM is traded for $ 0.452 at the time of writing, a fractional decrease of the day.
Continue to Silver (XAG), Brandt out The raw material could reach a stunning price twice in 1980 and can break through its current resistance level.
“This is my long -term silver graph. Although not technically a cup and handle, the graph can still support an advance up to $ 95 per ounce if the overhead resistance is cut. For paper silver and physical silver.”
According to Brandt, Silver has to do that reach $ 100 per ounce to keep pace with the growth of other assets.
“For the record, I am long silver. I am not a silver hater. The last big call I made on silver was to warn the world that [the] Price stood at $ 50 per ounce in 2011. Wow, Silver was a pretty artist in the last 14 years. Silver has to go to $ 100 per ounce to catch up with the rest of the world. ”
Silver is appreciated at $ 38.42 per ounce at the time of writing.
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Generated image: midjourney