Popular trader and analyst Credible Crypto says that it is almost time for two altcoins to surge and end their accumulation phase.
The pseudonymous analyst tells his 232,800 Twitter followers that he’s looking at XRP and Hedera Hashgraph’s native asset, HBAR, as the two digital assets that appear ready to ignite their uptrends.
“Time is running out to pack your HBAR and XRP bags. Pack heavy. It’s a long way to the moon.”
XRP is trading at $1.29 at time of writing and is up more than 9% on the week and more than 76% in the past month, according to CoinGecko.
Hedera Hashgraph, a decentralized public network, is seeing its asset HBAR trade at $0.283639 at time of writing and is up more than 12% in the past seven days and 30% in the past month.
Credible Crypto thinks XRP and HBAR will both yield a higher return on investment than Solana (SOL), a smart contract platform that’s generated a lot of headlines recently after surging more than 310% in the past month.
“SOL is a newer coin and this is its first bull run, can’t expect it to reach the market cap of majors that have been [here] for two-three bull runs already. SOL is already in price discovery (where biggest gains happen) while XRP is yet to get there.”
The analyst also says he would swap out Cardano (ADA) for HBAR. ADA has skyrocketed more than 113% in the past 30 days as it nears its planned Alonzo upgrade this month.
In the short term, Credible Crypto predicts XRP could shoot up to its immediate resistance at $1.50.
“This is the flip of the $1.25 level I was looking for. Cleared the area of supply, broke our downtrend line, retested both as support. As long as Bitcoin doesn’t make any erratic moves to the downside, we should be cleared for $1.50+.”
He also says HBAR will “fly” once it surpasses a key resistance area.
“Yup! The $0.28-$0.35 region is key resistance! Get past that and we fly.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf 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 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.
Featured Image: Shutterstock/FlashMovie/Vladimir Sazonov
Credit: Source link