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Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet

Altcoins

recently outlined that could provide crypto investors and traders with significant gains. He noted that these coins were looking “pretty strong” at the moment despite a lot of other tokens looking like “crap.”

Five Altcoins To Keep An Eye On

In an X (formerly Twitter) , Altcoin Sherpa mentioned Injective, , JasmyCoin, Stacks, and as the altcoins that are looking strong at the moment. He revealed that he has eyes on these coins and is looking to actively trade them at some point. In a series of other X posts, he explained why he believed some of these coins were strong. 

In one , he talked about Wormhole and claimed that it was one of the strongest coins. He advised traders to keep an eye on it if they are actively trading. He further revealed that he would be looking to buy if it breaks out. He added that if Wormhole pulls back strongly, it will likely continue to trade within its current range as it is not ready for that “big move.”

Source: X

In another , Altcoin Sherpa touched on JasmyCoin and stated that the coin is “extremely strong,” seeing as it didn’t “budge” despite the pullbacks in the crypto market. He claimed that JasmyCoin could rise to as high as $0.067 before it experiences any significant pullback. He added that he wasn’t actively trading it, but it is one to watch. 

Source: X
 

Altcoin also insights into Toncoin’s price action, which he claimed was “weird,” with the top end being a supply zone and its price pulling back. However, he remarked that he is still bullish on the coin because it is enjoying a lot of attention, mainly thanks to Notcoin. The analyst views the $6 price range as a level to bid for anyone who believes that Toncoin will still break past its previous highs. 

Source: X

Altcoin Sherpa also seems bullish on Notcoin. He recently that he has changed his mind about the token since its price action has calmed down and there is less volatility. He highlighted the that has formed on Notcoin’s chart, which suggests that it is still primed for major moves to the upside. 

Source: X

A Meme Coin To Watch Out For

is also bullish on and suggests that it is a meme coin to watch out for. He noted that Dogecoin is still looking pretty good on the high-time frame charts despite many memes looking choppy in the short term. He added that he expects to still do “big numbers” later in the year. 

For now, he revealed that he is still expecting more chops for the next stretch and that he won’t be rushing to buy any fresh positions for at its current price level. Altcoin Sherpa had that Dogecoin would eventually rise to as high as $1 in this market cycle as it still has a lot of firepower. 

Featured image created with Dall.E, chart from Tradingview.com
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