A closely followed crypto analyst says that one altcoin that has seen gains of over 120% in two weeks is gearing up to continue its upward momentum.
In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) looks primed to skyrocket once again.
“Was going to buy and then stepped out for 30 minutes. When you see price action like this after a big run, another leg up is coming. DYM.”
According to the trader’s charts, he believes DYM will soon hit a price tag of $2.25. DYM is trading for $2.20 at time of writing, a 13.9% gain during the last 24 hours. On July 5th, it was valued at $0.993.
Moving on to the dog-themed meme asset Shiba Inu (SHIB), Altcoin Sherpa says that things look scary for the memecoin after WazirX, a crypto exchange based in India, was hacked for hundreds of millions of dollars.
“SHIB: real shame with the hack, hope they figure out some way to prevent the selling somewhere. If this does get sold off, I think an entry within the old trading range of 700-1200 would be a good place to start buying. Scary stuff right now.”
Shiba Inu is trading for $0.000017 at time of writing, a 9.6% decrease during the last 24 hours. Concluding his analysis Solana (SOL), the trader says he envisions slow and steady growth for the smart contract platform in the near future.
“SOL: Everything is still dandy with SOL and I expect it to continue grinding up. $175 seems like the next interesting level but don’t expect this one to put in any 20% candles or anything like that as of now. Just a slow steady grind.”
Solana is trading for $156.53 at time of writing, a 1% decrease on the day.
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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 losses 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/tunnelmotions/Nikelser Kate
