Digital asset analyst Jason Pizzino thinks a handful of altcoins have the potential to surge to new peaks.
In an interview with the YouTube channel Crypto Tips, Pizzino says he’s bullish on DOT, the native asset for smart contract platform Polkadot. DOT is trading at $40.48 at time of writing and hit its all-time high of $49.35 in May, according to CoinGecko. Pizzino predicts DOT will surge to $53.
Next on the trader’s list is ADA, the native token for smart contract platform Cardano.
Pizzino says,
“I think [it] will get to a new all-time high eventually, but at the moment it’s still got this trend to finish and then break out of.”
ADA is trading at $1.94 at time of writing, down more than 11% in the past week.
The trader is also bullish on MATIC, the native token for the Ethereum (ETH) scaling solution Polygon. MATIC is trading at $1.90 at time of writing, up more than 24% in the past week.
Pizzino says MATIC could be on its way to a new all-time high. The asset’s current ATH is $2.62, which it hit back in May.
Next on the analyst’s list is GRT, the native asset for the indexing protocol The Graph. Pizzino says GRT is “finally starting to make its move” with consistently higher lows.
The crypto asset is trading at $0.93 at time of writing, up 6.6% in the past week. According to Pizzino, traders looking for a “safer entry” should watch to see if the crypto asset makes it above $1.10.
The analyst also mentions the lending and borrowing protocol Aave. Pizzino doesn’t quite view the protocol’s native asset AAVE as a strong play yet, though he says it could be in the early stages of making a move.
“Of course, the lower you are down, the higher risk it is.”
AAVE is trading at $325.82 at time of writing, up 2.8% in the past seven days. Pizzino says traders should watch to see if the crypto asset breaks above the $360 range.
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/Mia Stendal/Vladimir Sazonov
Credit: Source link
