A popular crypto trader is forecasting a massive jump for an already surging Ethereum (ETH) альткоин.
Anonymous crypto analyst Credible айтылат his 337,700 Twitter followers that OriginTrail (Trác) could more than double in price – even after a giant 78% surge to start off the week.
The token started the week at a high of $0.27 and soared to $0.48 Wednesday.
The logistics and supply chain management blockchain protocol is designed to help businesses and organizations securely store and manage critical information in a decentralized manner.
At time of writing, TRAC is trading at $0.44.
Credible is forecasting TRAC will next surge to $0.93, a more than 111% increase from its current price.
Соодагер мындай дейт: the path to the price target high could include a momentary dip to $0.35.
“If you are on the sidelines, the next best entry would be on a retest of the $0.35 level.
No guarantees we get it, but it’s a logical place for us to test if/when we take a breather from this pump and a good chance to re-load/hop on the train if you missed it the first time.”
At the start of the surge, Credible мындай дейт: he was scooping up more of the token during what he called an accumulation range between $0.27 and $0.34.
“I’ve added to my TRAC bag here, more than 2x’d my position here at $0.26, bringing my average down to around $0.35-ish. I fully expect a new all time high this cycle, but first target is a cool 3x-4x to around $1.
$100 million market cap, zero inflation (token supply is fully circulating), AI narrative.”
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Source: https://dailyhodl.com/2023/02/09/soaring-ethereum-altcoin-could-explode-another-111-according-to-top-crypto-analyst/