Here Are Three New Altcoins Likely To Rip Over Next Couple of Weeks, According to Crypto Trader

A closely followed crypto strategist believes three new digital assets are about to soar in the coming weeks.

Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that three altcoin projects have a lot of upside potential after launching during relatively poor market conditions.

The three projects are cross-chain messaging protocol Wormhole (W), Ethereum (ETH)-based project Omni Network (OMNI) and TNSR, the governance token of non-fungible token (NFT) platform Tensor.

“Eyes on new coins. W, OMNI and TNSR are all on my radar. They launched in relatively bad conditions and I expect some of these (W especially) to go up a decent amount over the coming weeks. Better as a spot trade in my opinion.”

At time of writing, W is trading for $0.62, OMNI is trading for $25.20 and TNSR is trading for $1.19.

The analyst also warns that Bitcoin (BTC) could break either way as it hovers around the middle of a trading range on the four-hour chart.

“BTC: this is a trouble area. I took profits on my last ENA (Ethena) buys and will stay flat for active positions right now. You generally don’t want to trade near the [0.5 Fibonacci level] and this is also the four-hour 200 exponential moving average. Will happily buy back higher later if necessary but still very very long with spot alts.”

Bitcoin is trading for $66,216 at time of writing, up 2.6% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price ActionFollow us on X, Facebook and TelegramSurf 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 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/Thaiview

The post Here Are Three New Altcoins Likely To Rip Over Next Couple of Weeks, According to Crypto Trader appeared first on The Daily Hodl.