{"id":5893,"date":"2022-01-25T10:13:29","date_gmt":"2022-01-25T10:13:29","guid":{"rendered":"http:\/\/egrowonline.com\/?p=5893"},"modified":"2022-01-25T10:13:29","modified_gmt":"2022-01-25T10:13:29","slug":"heres-whats-next-for-cardano-ada-polkadot-dot-terra-luna-and-four-additional-altcoins-according-to-top-crypto-trader","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=5893","title":{"rendered":"Here\u2019s What\u2019s Next for Cardano (ADA), Polkadot (DOT), Terra (LUNA) and Four Additional Altcoins, According to Top Crypto Trader"},"content":{"rendered":"


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A closely followed crypto strategist is mapping out what\u2019s ahead for Ethereum-competitors Cardano (ADA), Polkadot (DOT), Terra (LUNA) and four other altcoins.<\/p>\n

Pseudonymous analyst Altcoin Sherpa tells<\/a> his 165,700 Twitter followers that he\u2019s looking at where smart contract platform Cardano\u2019s price could potentially bounce.<\/p>\n

\u201cADA: since everyone\u2019s exposed to just altcoins, I\u2019m going to be doing a bunch of alt charts where I think decent support is. That doesn\u2019t mean that there won\u2019t be bounces before this time but these are meaningful levels of support where prices could eventually go.<\/em><\/p>\n

support: $0.40.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

The trader says that the $1.00 level for Cardano<\/a> could hold, but if it fails, he sees ADA going down to $0.40.<\/p>\n

Altcoin Sherpa is also looking at interoperable blockchain Polkadot<\/a> (DOT), which he says could find support at $15.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

Next up is decentralized parallel blockchain network Cosmos<\/a> (ATOM), which Altcoin Sherpa believes can go as low as $20.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

Another altcoin on the trader\u2019s list is decentralized finance (DeFi) payment network Terra<\/a>. According to Altcoin Sherpa, the area between $30 to $40 can serve as a key support level for LUNA.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

Next is meme crypto asset Dogecoin<\/a> (DOGE), which Altcoin Sherpa believes may ignite a sell-off event if it dips below support at $0.128.<\/p>\n

\u201cSupport: $0.05.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

Altcoin Sherpa is also keeping an eye on play-to-earn blockchain-based game Axie Infinity<\/a> (AXS). According to the crypto trader, he sees AXS holding support around $35.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

The last coin on the trader\u2019s radar is decentralized oracle network Chainlink<\/a> (LINK). According to the crypto strategist, LINK could potentially see a reversal at $12.<\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

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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.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Roman3dArt\/Dario Lo Presit<\/span><\/em><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A closely followed crypto strategist is mapping out what\u2019s ahead for Ethereum-competitors Cardano (ADA), Polkadot (DOT), Terra (LUNA) and four other altcoins. Pseudonymous analyst Altcoin Sherpa tells his 165,700 Twitter followers that he\u2019s looking at where smart contract platform Cardano\u2019s price could potentially bounce. \u201cADA: since everyone\u2019s exposed to just altcoins, I\u2019m going to be […]<\/p>\n","protected":false},"author":1,"featured_media":5894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,2014,200,266,62,566,164,357,269,356,114,193,677],"class_list":["post-5893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-additional","tag-altcoins","tag-cardano","tag-crypto","tag-dot","tag-heres","tag-luna","tag-polkadot","tag-terra","tag-top","tag-trader","tag-whats"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/altcoin-glorious-breakout.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5893"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions"}],"predecessor-version":[{"id":5895,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions\/5895"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/5894"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5893"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}