“Smart Contracter,” a widely-followed analyst who accurately predicted the bottom level of Bitcoin (BTC) in the second half of 2018, has revealed bullish prospects for the two altcoins.
In June 2018, while Bitcoin was trading above $5,700, the analyst known in the market as Smart Contracter correctly predicted that BTC would bottom at $3,200.
Smart Contracter told his 200,000+ Twitter followers that he bought Dogecoin (DOGE) after a slight correction and an increase in purchase volume.
According to the analyst's technical chart, Dogecoin is on an upward trajectory after breaking a downward trend line on the daily chart.
“I bought during the DOGE correction today after the strong breakout in volume yesterday. It's been a long time since I invested in a meme altcoin project but I believe I made a good decision.”
Dogecoin (DOGE) price today is $0.145925 with a 24-hour trading volume of $1,303,418,383. Dogecoin (DOGE) price is up 1.4% in the last 24 hours.
The trader is also optimistic about a cross-chain protocol that enables assets to be transferred and exchanged between Ethereum (ETH) and other smart contract-enabled Blockchain Synapse (SYN).
The analyst says that Synapse (SYN) can deliver more than 100 percent returns after gaining more than 50 percent in seven days when paired against Ethereum. According to Smart Contracter, altcoin Synapse is in an uptrend after going through a three-wave correction based on Elliott Wave theory. Elliott Wave Theory states that the major trend adopts a five-wave pattern while a correction takes a three-wave pattern.
Synapse (SYN) price today is $3.57 with a 24-hour trading volume of $11,106,150. Synapse (SYN) price is up 3.7% in the last 24 hours.