A carefully adopted crypto strategist says that apart from Bitcoin (BTC) and Ethereum (ETH), there are solely three different initiatives he’s bullish on.
The pseudonymous analyst often known as The Movement Horse, often known as Cantering Clark, tells his 181,700 followers on the social media platform X that ETH-rival Solana (SOL) has large upside potential.
He thinks SOL may very well be repeating the early days of Ethereum earlier than ETH soared to 4 figures.
“However yea, I feel it’s going by means of the identical early cycle rounds as ETH.”
Final month, The Movement Horse additionally compared Solana’s worth motion to ETH’s early days, suggesting that SOL might smash all-time highs maybe someday in late 2024.
“In a non-public group (can’t dox Excel chart of picks or individuals), my choose for the best-performing coin of the bounce this yr was SOL. The concept a darling of the final cycle would do very nicely. I shared this chart of the beginnings of ETH vs. SOL, and I nonetheless suppose SOL most likely does kind of the identical. The cheering received fairly loud for this one.”
Solana is buying and selling for $21.28 at time of writing, up 3.6% within the final 24 hours.
The analyst can also be bullish on Phemex’s yet-to-be-launched utility token for the crypto derivatives alternate platform. He factors to the sturdy performances of different alternate tokens to help his thesis on the upcoming altcoin.
“There may be truly one token I’m bullish on that isn’t even out but however will be mined. Phemex has a token popping out this quarter and my thesis is easy: Have a look at different alternate tokens.”
Lastly, the analyst says he’s bullish on crypto playing platform Rollbit’s native token RLB.
“Yep, getting a variety of flack for my damaging posts however solely factor I’m bullish on long run are Bitcoin and ETH, and the brand new initiatives but to come back to market.
Rollbit token is an exception.”
Rollbit is buying and selling for $0.19 at time of writing, up 7.8% within the final 24 hours.
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