"Altcoin Sherpa", a highly followed cryptocurrency analyst and trader, claims that three cryptocurrencies are bullish, including the leading cryptocurrency Bitcoin (BTC) and a promising Ethereum (ETH) competitor altcoin.
Altcoin Sherpa shared its latest predictions for the cryptocurrency market with its followers. The famous analyst expressed that he believes that starting with Bitcoin, the leading cryptocurrency will increase close to 40% as it continues to show a bullish market structure in the higher time frame. In his statements about BTC, the analyst made the following statements;
“I still think Bitcoin has bottomed out and we will see a move to around $55,000. Altcoins are likely to follow Bitcoin as well. Technically, we are still facing a bull market structure in a high time frame.”
Bitcoin, the world's largest cryptocurrency in terms of market value, continues to trade at $39,624, with an increase of 0.71% in the last 24 hours, according to CoinMarketCap data, as of the time of writing.
In second place was Near Protocol (NEAR), a developer-focused blockchain designed for scalability and stability. Altcoin Sherpa stated that it believes its Ethereum rival will surpass its all-time high in the coming weeks. Altcoin Sherpa said in his statements about NEAR;
"I'm still in it and I think we're going to break our all-time high in the next few weeks."
Near Protocol (NEAR) continues to trade at $15.19, down 2.71% in the last 24 hours as of the time of writing.
Altcoin Sherpa recently shared with its followers that it closely follows the local asset of the FTX cryptocurrency exchange, FTX Token (FTT).
The cryptocurrency analyst stated that FTT has “solid” upside potential after months of trading in a wide range, and said;
"I think it looks pretty solid as a slower trade."
FTX Token (FTT) continues to trade at $41.12, with a 0.49% drop in the last 24 hours as of the writing of the content.