Crypto Trader Says Ethereum Altcoin That’s Exploded 190% This Year Is About To Hit New All-Time High

0 5

knife

A widely followed crypto analyst says that an Ethereum-based (ETH) altcoin looks set to hit new all-time highs after rising 190% in 2023.

Pseudonymous trader Smart Contracter tells his 222,300 Twitter followers that layer-2 scaling solution Optimism (OP) will likely end up making all-time highs after breaking out from weeks of consolidation inside an ascending triangle pattern.

“Beautiful ascending triangle breakout on OP after weeks of sideways/accumulation.

Also like how all the moves down from the highs are corrective three-wave moves.

I think this one ends up making all-time highs.”

Source: Smart Contracter/Twitter

OP is trading for $2.64 at time of writing, an 8.16% gain on the day and about a 190% increase since the start of the year.

The crypto strategist then turns his sights on the peer-to-peer payments network Litecoin (LTC).

Smart Contracter says that he missed out on the opportunity to capitalize on the latest Bitcoin (BTC) rally because he made an error and sold during a period of low volatility, but now he’s looking to accumulate Litecoin as he believes the altcoin is flashing a bullish signal against the crypto king (LTC/BTC).

“Missed this most recent BTC impulse as I got shook out during low [volatility] Easter break (rookie mistake). Now looking to chase alts with good BTC pair setups, and I think LTC is one of them. I think LTC/BTC is very close to a reversal and higher low on daily.”

Source: Smart Contracter/Twitter

The LTC/BTC pair is currently trading at 0.003148 ($95.64).

Smart Contracter then turns his attention toward the leading smart contract platform Ethereum. According to the trader, the fear surrounding the platform’s new Shanghai update, which now allows users to withdraw their staked ETH, is not warranted. He also believes the top altcoin is flashing vibes of Bitcoin’s price action in 2019 when the crypto king surged by about 300% in a few months.

“Still think people are completely overreacting about the ETH Shanghai unlock and all I’m getting is 2019 vibes.”

Source: Smart Contracter/Twitter

ETH is trading for $2,095 at time of writing, a nearly 1.5% decrease during the last 24 hours.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

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.

Generated Image: Midjourney
Shutterstock/Sensvector

The post Crypto Trader Says Ethereum Altcoin That’s Exploded 190% This Year Is About To Hit New All-Time High appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 41,301.07
ethereum
Ethereum (ETH) $ 2,211.62
tether
Tether (USDT) $ 0.99944
bnb
BNB (BNB) $ 244.59
xrp
XRP (XRP) $ 0.619711
solana
Solana (SOL) $ 69.46
usd-coin
USDC (USDC) $ 0.994791
staked-ether
Lido Staked Ether (STETH) $ 2,219.63
cardano
Cardano (ADA) $ 0.554229
avalanche-2
Avalanche (AVAX) $ 39.02
dogecoin
Dogecoin (DOGE) $ 0.094802
tron
TRON (TRX) $ 0.103728
polkadot
Polkadot (DOT) $ 6.74
chainlink
Chainlink (LINK) $ 14.79
matic-network
Polygon (MATIC) $ 0.840291
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 41,274.06
shiba-inu
Shiba Inu (SHIB) $ 0.00001
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 72.02
uniswap
Uniswap (UNI) $ 6.05
bitcoin-cash
Bitcoin Cash (BCH) $ 230.19
leo-token
LEO Token (LEO) $ 3.93
okb
OKB (OKB) $ 58.24
stellar
Stellar (XLM) $ 0.123182
monero
Monero (XMR) $ 172.08
ethereum-classic
Ethereum Classic (ETC) $ 20.12
cosmos
Cosmos Hub (ATOM) $ 9.78
immutable-x
Immutable (IMX) $ 2.05
true-usd
TrueUSD (TUSD) $ 0.999222
kaspa
Kaspa (KAS) $ 0.119744
crypto-com-chain
Cronos (CRO) $ 0.098997
hedera-hashgraph
Hedera (HBAR) $ 0.071225
internet-computer
Internet Computer (ICP) $ 5.26
near
NEAR Protocol (NEAR) $ 2.27
filecoin
Filecoin (FIL) $ 4.61
aptos
Aptos (APT) $ 7.79
optimism
Optimism (OP) $ 2.25
injective-protocol
Injective (INJ) $ 24.12
lido-dao
Lido DAO (LDO) $ 2.28
vechain
VeChain (VET) $ 0.027233
bittensor
Bittensor (TAO) $ 323.76
mantle
Mantle (MNT) $ 0.578147
thorchain
THORChain (RUNE) $ 5.85
elrond-erd-2
MultiversX (EGLD) $ 63.79
quant-network
Quant (QNT) $ 111.90
algorand
Algorand (ALGO) $ 0.204259
celestia
Celestia (TIA) $ 10.79
havven
Synthetix Network (SNX) $ 4.63
the-graph
The Graph (GRT) $ 0.159149
binance-usd
BUSD (BUSD) $ 0.99801
render-token
Render (RNDR) $ 3.91
arbitrum
Arbitrum (ARB) $ 1.10
bittorrent
BitTorrent (BTT) $ 0.000001
aave
Aave (AAVE) $ 91.48
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,428.69
blockstack
Stacks (STX) $ 0.909405
maker
Maker (MKR) $ 1,377.46
wemix-token
WEMIX (WEMIX) $ 3.48
flow
Flow (FLOW) $ 0.766689
kucoin-shares
KuCoin (KCS) $ 11.50
the-sandbox
The Sandbox (SAND) $ 0.515708
first-digital-usd
First Digital USD (FDUSD) $ 1.00
theta-token
Theta Network (THETA) $ 1.04
terra-luna
Terra Luna Classic (LUNC) $ 0.000177
fantom
Fantom (FTM) $ 0.367992
ordinals
ORDI (ORDI) $ 46.67
bitcoin-sv
Bitcoin SV (BSV) $ 48.77
axie-infinity
Axie Infinity (AXS) $ 7.07
decentraland
Decentraland (MANA) $ 0.490009
gala
GALA (GALA) $ 0.030276
eos
EOS (EOS) $ 0.766388
beam-2
Beam (BEAM) $ 0.017992
neo
NEO (NEO) $ 11.78
iota
IOTA (IOTA) $ 0.272141
mina-protocol
Mina Protocol (MINA) $ 0.815347
whitebit
WhiteBIT Coin (WBT) $ 5.68
klay-token
Klaytn (KLAY) $ 0.242379
tezos
Tezos (XTZ) $ 0.873299
kava
Kava (KAVA) $ 0.763215
usdd
USDD (USDD) $ 0.99133
bonk
Bonk (BONK) $ 0.000012
bitget-token
Bitget Token (BGB) $ 0.488902
ecash
eCash (XEC) $ 0.000035
cheelee
Cheelee (CHEEL) $ 12.65
xdce-crowd-sale
XDC Network (XDC) $ 0.048352
frax-share
Frax Share (FXS) $ 8.89
frax-ether
Frax Ether (FRXETH) $ 2,203.83
helium
Helium (HNT) $ 4.60
sui
Sui (SUI) $ 0.631488
frax
Frax (FRAX) $ 1.00
tokenize-xchange
Tokenize Xchange (TKX) $ 8.10
chiliz
Chiliz (CHZ) $ 0.082914
gatechain-token
Gate (GT) $ 4.65
pancakeswap-token
PancakeSwap (CAKE) $ 2.42
curve-dao-token
Curve DAO (CRV) $ 0.661512
conflux-token
Conflux (CFX) $ 0.174127
pyth-network
Pyth Network (PYTH) $ 0.411307
illuvium
Illuvium (ILV) $ 98.92
apecoin
ApeCoin (APE) $ 1.63
pepe
Pepe (PEPE) $ 0.000001