A high-profile crypto trader and strategist is keeping an eye on four under-the-radar altcoins that he believes are gearing up for big moves.
In a new tweet, analyst Josh Rager tells his 159,900 followers that he believes altcoins are ready to erupt as Ethereum breaks out and hits a fresh all-time high of $3,952.
“Lots of altcoins have been compressing for the last week or two. If ETH takes off this week, I expect a lot of other altcoins to fly.”
At the top of Rager’s list is blockchain-based gaming platform WINK (WIN), which he says is poised to break out after tapping key resistance of $0.00139 multiple times.
“WINK retesting resistance for the fourth time. You know what they say, ‘fourth time’s the charm.’ Actually, they don’t say that, but it’s the cheapest token on Binance for retail to buy and I still think it breaks up here.”
Another coin on Rager’s list is privacy-centric crypto asset Verge (XVG), formerly known as DogeCoinDark. According to the crypto analyst, the long-forgotten altcoin is on the cusp of igniting at least a 47% move from its current price of $0.068.
“The first altcoin I ever bought. Good ole ‘DogeCoinDark’ looks to be on the move with a steady uptrend the past few months. See some potential for $0.10+ in the future. I don’t think it sees new highs again, but it probably will just because I said this.”
The third coin on the trader’s radar is decentralized exchange (DEX) QuickSwap, which he says is due for a bounce after falling to a low of $653 from an all-time high of $1,590.57.
“So QuickSwap/QUICK had quite the drop with news of SushiSwap on MATIC now. Though, I’m not so sure this amount of a drop makes sense because if I’m correct the rewards for SushiSwap will be small compared to the big rewards on QuickSwap. Thinking QUICK could bounce here.”
The last coin is scalable blockchain-platform for DeFi (decentralized finance) Fantom (FTM). According to Rager, FTM is primed for an explosion as it threatens to take out resistance of $0.81.
“FTM. Keep an eye here. It’s looking good for more upside.”