HomeAltcoinTop Crypto Analyst Turns Bullish on Ethereum Rival Rivaling 135% This Year

Top Crypto Analyst Turns Bullish on Ethereum Rival Rivaling 135% This Year


A popular crypto analyst known for rating the 2018 Bitcoin (BTC) fund is bullish on one of Ethereum’s (ETH) main rivals.

Pseudonymous trader Smart Contracter says his 221,800 followers on Twitter than those of Fantom (FTM) the price chart looks “really good”.

“I like the FTM here, a solid 17% down, bouncing off key support and the structure so far has only been a 3 wave move down. worth a lot [in my opinion].”

Source: Smart Contractor/Twitter

FTM is worth $0.468 at the time of writing. The 43rd-ranked crypto asset by market capitalization is down 2.36% in the past 24 hours, but is still up more than 135% since the start of the year.

The smart contractor is also bullish in the governance token for the Frax (FXS) stablecoin protocol.

“I really like FXS here, the beautiful 5 wave rises from the lows and the 3 wave goes back down to 0.618. Waiting for the continuation of the trend from here to above 40%.”

Source: Smart Contractor/Twitter

FXS is trading at $7.90 at the time of writing. The 80th-ranked crypto asset by market capitalization is down more than 2.5% in the past 24 hours.

In terms of other crypto assets, Smart Contracter says it is now an “ETH maxi” because the second-ranked crypto asset by market capitalization beat a target value against Bitcoin in Q1 2023.

Ethereum is trading at $1,734 at the time of writing, down 3.75% in the last 24 hours.

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