A popular crypto trader is expecting one altcoin to rally 200% and thinks Ethereum (ETH) is set to rally following a bullish move by Bitcoin (BTC).
The widely followed trader known as Inmortal tells his 85,800 Twitter followers that the smart contract platform Cosmos (ATOM) looks ready to make a 200% run towards $100.
He thinks any move under $30 presents a great opportunity to buy more ATOM. At the time of writing, ATOM is trading at $36.33, according to CoinGecko.
“My dear cosmonauts, the plan hasn’t changed, $100 is programmed.
In the meantime, I’ll try to buy dips below $30”
Next up is FTT, the utility token of crypto derivatives exchange FTX. With the asset currently trading at $57.22, Inmortal is looking for it to make another leg up after consolidating in the $50-$60 range.
“I’ve done my job.
I’ve accumulated as much $FTT as I can between $50-60.
Send it.”
As for the top crypto asset, Inmortal notes that Bitcoin looks ready to make a new all-time high after bouncing off support at $40,000 at the beginning of last week.
“It’s time to conquer a new ATH (all-time high).”
He expects Ethereum to follow Bitcoin’s lead after BTC’s bullish impulse above $51,000. At time of writing, ETH is sitting just above $3,600.
“$ETH is ready to follow $BTC”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Arya Mustache/Vladimir Sazonov