Top Crypto Analyst Lists 5 Altcoins Poised To Explode in 2024
Key Insights
- Crypto Fantom (FTM) shows bullish indicators with a weekly "W" pattern and a potential rally towards $1.6.
- Worldcoin (WDC) is in a bull flag formation on the 4-hour chart, potentially breaking out for an 80% jump to $6.30.
- The Sandbox (SAND) may rally as high as $0.90-$1.35 where whale concentration exists.
- Litecoin (LTC) whale activity has also surged as of late.
- Polkadot (DOT) may face profit-taking due to a sell signal on weekly charts and may crash to $7.5.
2024 is only a few days away, and the crypto market is in one of the most uncertain times of the year.
The yearly candle close for 2023 on 31 December has a big role to play in how 2024 starts and investors have been on their toes for weeks.
Ali, a renowned analyst on Twitter has recently mentioned that in December, around $2.42 billion flowed into the crypto market, marking the highest amount of capital inflows since before the last bull run, in December 2021.
This means that overall, all may be well. And in this new article, we will be discussing some of the hottest crypto predictions from the analyst.
1. Fantom Could Be Headed to $1.6
According to data from CoinMarketCap, Fantom (FTM) trades at about $0.5464, and is up by about 33.5% over the last week at the time of writing.
This suggests a strong rally in the cryptocurrency as well as healthy price action from the onset.
Ali says that Fantom is forming a "W" pattern on its weekly chart. The analyst also says that If Fantom sustains a weekly close above $0.57, it will confirm that this W is a bullish formation
Because of this, Fantom will likely rally straight up, to as high as $1.6.
2. Worldcoin Is Showing Signs of a Crypto Bullish Breakout
According to CoinMarketCap, Worldcoin trades at around $3.7, and is down by about 8% over the last week, despite registering an intra-day rally of 1.59%.
Ali points out that Worldcoin is showing signs of a breakout from a bull flag formation on its 4-hour chart as shown below.
Ali says that if this is confirmed, the cryptocurrency will finally have a chance to rally as far as $6.30, by a whopping 80% jump.
3. The Sandbox (Sand) May Rally as High as $1.35 Soon
SAND is strongly bullish on all timeframes. At the time of writing, SAND is up by about 8% today alone, and is also up by about 28.1% over the last week.
The cryptocurrency trades at around $0.637 and may be on the verge of more bullishness soon.
Ali says that SAND has no clear resistances, and might go as high as between $0.90 and $1.35, where 23,000 addresses hold 447 million SAND.
4. Litecoin Whales Are Gearing Up for Something Huge
Litecoin, at the time of writing, is posting about 1.81% in gains over the last day, and about 3.84% over the last week.
Ali says that the Litecoin whales have bought around 42,000 $LTC over the past week, worth roughly $3 million.
This is without mentioning that on 20 December, analytics from, IntoTheBlock, noted that Litecoin has been beating Ethereum "consistently" in the number of daily active addresses, since the start of December.
5. Consider Selling Polkadot
Finally, we have Polkadot. CoinMarketCap shows that Polkadot is up by 33% over the last week, and trades at around $9 at the time of writing.
Ali argues that the TD Sequential indicator for Polkadot shows a sell signal on the weekly charts, just as the cryptocurrency hit the 100-week MA.
Because of this, investors may start to take profits, pulling Polkadot all the way down from $9 to $7.5.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.