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Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX)

A closely followed crypto trader is eyeing an interoperability ecosystem to potentially have a breakout year. In a tweet laying out his general 2022 predictions, the pseudonymous analyst known as Altcoin Psycho highlights Cosmos (ATOM) as his pick to soar like layer-1 smart contract platforms Avalanche (AVAX) and Solana (SOL) did last year. My crypto […]

The post Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.

Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

A closely followed crypto trader is eyeing an interoperability ecosystem to potentially have a breakout year.

In a tweet laying out his general 2022 predictions, the pseudonymous analyst known as Altcoin Psycho highlights Cosmos (ATOM) as his pick to soar like layer-1 smart contract platforms Avalanche (AVAX) and Solana (SOL) did last year.

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Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

The analyst next discusses Osmosis (OSMO), the decentralized exchange (DEX) that was built for Cosmos. He follows up on a June 2021 tweet where he referred to Osmosis as a “catalyst for Cosmos ecosystem” to tell his 390,500 followers,

“Osmosis new [all-time high] today, and now #76-highest market cap.

Wonder what happens next.”

OSMO hit a new high today of $8.60. The altcoin launched last summer above $4.50, experienced a selloff to as low as $1.24 in July before working to a September high of $7.38. Osmosis has since experienced choppy price action before breaking out from the $4 level starting in mid-December.

Altcoin Psycho concludes his discussion with a word of advice to both skeptics and supporters of Cosmos, citing the access to airdrops that token holders will have.

“Regardless of your thoughts on ATOM, the exposure you’ll have to airdrops by holding it this year is pretty wild.”

Cosmos just hit a total value locked (TVL) milestone, ranking second behind Osmosis with over $277 million in liquidity.

Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
Source: Osmosis

At time of writing, ATOM is down 5.72% on the day to $40.01. The 20th-ranked crypto asset began its own rally in mid-December, climbing from the $20 range to over $42 to start the new year. The altcoin reached an ATH of $44.42 back in September.

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Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

 

Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
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.

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The post Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.

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Source: https://dailyhodl.com/2022/01/05/analyst-says-one-altcoin-project-will-explode-this-year-mirror-rise-of-ethereum-competitors-solana-sol-and-avalanche-avax/

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