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].”
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%.”
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.
Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox
Check Price Action
follow us TwitterFacebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
Image generated: half way