A prominent crypto analyst is bullish on a peer-to-peer storage altcoin project backed by billionaires.
Filecoin (FIL)
- Altcoin Sherpa, with over 200,000 followers on social media, believes decentralized storage network Filecoin (FIL) could soar more than 125% from its current value in the coming months.
- He suggests that FIL could flip the 50% level in a trading range into support and rally to $16.20.
- The Winklevoss twins, known for their involvement in Bitcoin and co-founding the crypto exchange platform Gemini, invested in Filecoin in 2017.
- At the time of writing, FIL is trading at $7.19, down nearly 5% in the last 24 hours.
Solana (SOL)
- Altcoin Sherpa also has his eyes on Ethereum competitor Solana (SOL).
- He sees a potential retest of the $100 level for SOL.
- He advises buying around $100, emphasizing that buying and holding is the best strategy for most people.
- SOL is currently trading at $104, down more than 3.5% in the last 24 hours.
Coti (COTI)
- Decentralized payments platform Coti (COTI) is another altcoin on Altcoin Sherpa’s radar.
- He predicts a rally to $0.13 after a retest of the $0.09 area.
- COTI had strong moves in recent weeks, and he believes it will break past previous resistance areas in the mid-term.
- He suggests considering the $0.09 area as an entry point.
- COTI is currently trading at $0.092, down nearly 4% in the last 24 hours.
Disclaimer: Opinions expressed in this article are not investment advice. Investors should do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
