Riding the Altcoin Wave: Top Coins Poised for Profitable Growth

Crypto analyst scott melker

Ethereum (ETH)

The first altcoin on Scott’s radar is the largest of them all, ethereum

Also read: Ethereum Price Prediction 2023, 2024, 2025: This Is How ETH Price Could Perform In 2023!

Binance Coin (BNB)

Binance Coin (BNB) is another cryptocurrency that the expert believes has a lot of potential. He notes that BNB had a breakout and retest last year, and its price has been aggressively large ever since. Scott expects BNB to head up straight to $380 after bouncing off the bottom. The coin is valued at $312 right now.

Cardano (ADA)

Cardano (ADA) is also on Scott’s radar, but he warns against buying directly into resistance. He advises waiting for a well-defined breakout and retesting to maximize profits. Scott expects ADA to hit $0.68 to $0.74 if it breaks above $0.44. ADA is currently exchanging hands for $0.383.

Polygon (MATIC)

Scott had previously gotten the inverse head and shoulders call right for matic network

Solana (SOL)

Scott believes that solana

Also read: Solana Price Prediction 2023, 2024, 2025: What will be SOL price by the end of 2023?

Polkadot (DOT)

Polkadot (DOT) did not do the “dot thing” that Scott had previously called for, but it still hasn’t dropped below $6.50. He suggests waiting for a breakout and retesting above $9.60 to see the price move up to that level. DOT is currently worth $6.31.

Fantom (FTM)

Scott took a look at FTM’s daily chart and noted that it is currently at resistance, but he likes the breakout entry and believes it could send the price back to around $0.64. He also mentioned that holding the 50MA is nice, and overall, FTM is looking good overall as an investment choice.

The altcoins discussed by Scott provide an interesting glimpse into the current state of the market, and it will be interesting to see how these coins perform in the coming weeks and months. As always, it is important to do your own research and make informed decisions when investing in crypto and not just blindly rely on experts’ opinions, because at the end of the day, they are just that; opinions.