“Even if Bitcoin hits $ 100,000, Solana, Avalanche and two other altcoins will surpass it,” said one trader

Bitcoin’s (BTC) price rebounded after news from China brought the value of the largest cryptocurrency in the market to around $ 40,000. The rally has brought expectations back to new all-time highs for the cryptocurrency market, with analysts forecasting BTC at $ 100,000 by the end of the year.

However, known to the trader as Altcoin SherpaAlthough Bitcoin hits $ 100,000, which is more than double its current value of $ 49,000, its appreciation could be surpassed by the surge in cryptocurrencies Solana (SOL), Avalanche (AVAX), Terra (MOON) and dYdX (DYDX).

According to the analyst, Solana is preparing for a new all-time high given the configurations his chart shows. He also points out that after what happened to Terra (LUNA), which recently saw a meteoric rise in prices, the same can happen to Solana, who is experiencing great turbulence around his project.

USDSOL: I had an idea that #Solarium would be between 130-175 for a while, but seeing what LUNA has just done I think this breaks out sooner rather than later. pic.twitter.com/zPS2GzghvH

to???? Altcoin Sherpa (@AltcoinSherpa) October 4, 2021

I had the idea that #Solana would be somewhere between $ 130 and $ 175 for a while, but looking at what LUNA has just done I think it will really go up sooner rather than later.

“Even if Bitcoin hits $ 100,000, Solana, Avalanche and two other altcoins will surpass it,” said one trader
“Even if Bitcoin hits $ 100,000, Solana, Avalanche and two other altcoins will surpass it,” said one trader

Regarding AVAX, Sherpa says that while it made a profit of $ 70, it still holds a position and expects a further surge in belief that the cryptocurrency will easily hit the $ 100 mark.

According to him, the whole development around NFTs and “play-to-earn” games on the Solana blockchain, such as Star Atlas, should drive the cryptocurrency even further.

Altcoins that can go up

The next cryptocurrency on the list of traders is that of the decentralized exchange dYdX (DYDX), which is up 26% last week. The trader believes that the token can break all-time highs after a small pullback.

He points out that with the ban on centralized exchanges in China, investors from this country should seek the DEX room to present themselves to the cryptocurrency market.

USDDYDX: This is what you want to see for continuation consolidation on the .382. We can see a small pullback in ATH levels, but I expect this to break the all time high. pic.twitter.com/zbpVVpAiCP

to???? Altcoin Sherpa (@AltcoinSherpa) October 4, 2021

This is what you want to see for the sequel – consolidate at .382. We may see a small pullback to the all-time highs, but I expect it will break through all of those levels.

The last cryptocurrency on the analyst list is digital asset transfer software Ren (REN). Sherpa sees an uptrend with noticeable ups and downs on the chart.

According to him, the upward trend for the cryptocurrency is continuing, which is making ever higher lows and should still see a decline in the face of a large upward move.

REN is currently valued at $ 1.17 at press time, which is a 7% increase from the previous week, according to CoinGecko.

Altcoin Sherpa concludes its graphical analysis with a look at the industry leader in cryptocurrencies. Bitcoin targeting $ 53,000 as a possible breakout level after falling to $ 48,000.

USDBTC: I am still incredibly optimistic in the medium term; I think we’re going to see a small pullback from 53-> 48 or so, but I don’t expect much less. Bullish MS as soon as 53k is broken IMO #BitcoinTO pic.twitter.com/Z0n6z2x9yW

to???? Altcoin Sherpa (@AltcoinSherpa) October 3, 2021

 Still incredibly optimistic in the medium term; I think we can see a small pullback from $ 53,000 to $ 48,000 or something like that, but I don’t expect it to go down much. Market structure bullish once $ 53,000 is broken in my opinion.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risks, you will need to do your own research when making a decision.

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