4 Coin Hypotheses from Altcoin Master: Two Will Fly, Two Will Crash!

The cryptocurrency market has lost its bullish momentum and is on a downward trajectory. However, some tokens continue to show strength. This emphasizes the importance of making good evaluations before taking a leap. In this context, an analyst with a large following shared his latest predictions amid the market-wide correction. Even in this environment, blue skies are ahead for a large-cap altcoin, the analyst says. However, it warns for some tokens.

Altcoin Sherpa: TON is in a strong uptrend!

cryptokoin.com As you can see from , the market is having a hard time finding sides. Negative news following the impact of positive news occurs in short periods. Amid this uncertainty, cryptocurrencies are losing ground. Despite this, a number of tokens continue to show strength. One of them, Toncoin (TON), reached its all-time high (ATH) of $8.25 on June 14. The analyst nicknamed Altcoin Sherpa assumes that this will continue. The analyst says TON is in a strong uptrend. In this context, “TON: This still looks incredibly strong (…) Still one of the strongest charts in crypto.” says.

Source: Altcoin Sherpa

Meanwhile, Toncoin was trading at $8.10 at the time of writing, up nearly 12% in the last week.

“ The leading altcoin is preparing to mint new ATHs!”

The analyst then looks at the dominant altcoin Ethereum (ETH). Altcoin Sherpa predicts that ETH will mint new ATHs. In this regard, the analyst makes the following statement:

The transition from ETH to ATH is still inevitable. I don’t know when and how it will get there, but this supply zone will eventually break. It still seems like a guarantee and a pretty safe process you can get. But, as long as you accept the short-term decline!

Source: Altcoin Sherpa

Ethereum is trading at $3,479 at the time of writing, with a slight increase over the last 24 hours. ETH reached an ATH of approximately $4,900 in November 2021.

Analyst: SOL/ETH is on the verge of collapse!

Meanwhile, the analyst warns that Solana (SOL) may be on the verge of collapse against Ethereum (SOL/ETH). In this context, the analyst shares the following assessment for SOL:

SOL: While I still think Solana is an outstanding retail blockchain, the current celebrity commodity is not healthy at all in my opinion. I think this chart looks pretty scary and ETH will probably continue to perform better in the coming period.

Source: Altcoin Sherpa

SOL/ETH was trading at 0.0409 ETH ($142) at the time of writing, down more than 4.6% in the last 24 hours. According to the chart, the analyst suggests that SOL/ETH will drop to 0.039 ETH ($135).

“ RNDR is on track to test $6.03!”

Finally, the analyst discusses Blockchain Rendering (RNDR) in the graphics processing unit (GPU) process. Altcoin Sherpa predicts that RNDR will retest the Fibonacci retracement level at $6.03. The analyst said, “RNDR: It’s a nice project, but I wouldn’t start buying until $7 or below. “There may be a good buying area there.” says.

Source: AltcoinSherpa

Meanwhile, RNDR was trading at $8.12 at the time of writing, down more than 1% in the last 24 hours.