Three altcoins that have been little talked about lately are getting a lot of attention from a well-known analyst. In fact, Cantering Clark recently spoke about the upcoming trend in the ApeCoin, Decentraland and Frax Share markets. Here’s what it predicts for each of the three cryptocurrencies.
A violent rally for ApeCoin (APE)!
In his recent Twitter posts, cryptocurrency strategist Cantering Clark talked about three altcoins. In particular, he predicted the upcoming trend in the ApeCoin (APE) market. This is the utility token of the Another metaverse game of the Yuga laboratories. The crypto strategist listed in a chirp that this digital asset will continue to advance in an upward trend. But, before that, it expects the chip to overcome its immediate resistance.
He explained : “A crypto close down to $4.30 for the weekly is in progress right now with only 30 minutes remaining. If the metaverse and GameFi continue to develop, APE will take the wind in its sailsThe analyst suggested that the Bored Ape Yacht Club community token could see a 60% increase. Currently, ApeCoin (APE) is trading around $4.9, up more than 17% over the past seven days.
The potential of the Decentraland protocol
Cantering Clark appears to be convinced that the Decentraland metaverse protocol native token has potential. The cryptocurrency would be setting the stage for a short bearish squeeze, but also a significant upside.
clark said:If I had to guess, MANA has the potential to get even more violent to the upside as the Open Interest is nearly double what it normally was, before a bunch of Barry-related shorts and blankets were labeled.“.
Heading for a notable breakout for Frax Share (FXS)
FXS, the governance token of the stablecoin Frax protocol, is currently trading around $5.50. According to Cantering Clark, we could soon see a break in the market for this cryptocurrency.
The crypto strategist also argued that the FXS token appears to be building a solid bottom. “I see FXS catching up on new supply and this three day chart has a solid bottom. I bet on this break and position myself accordingly“Clark argued. Pending confirmation of Clark’s predictions, it should be noted that the metaverse sector is evolving well. There are several interesting new projects like the one from LG, which wants to make the metaverse available with smart tv.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its many uses and to transmit information related to this ecosystem with my pen.