These Altcoins Can See Massive Bull Run in Coming Months
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A bullish start to the day! It looks like the bulls are gradually capturing the crypto market as the majority of the currencies are flashing green signals. The world’s first cryptocurrency, Bitcoin has successfully surpassed $17,000 area while Ethereum is trying its best to maintain its trade above $1,300 level.
The similar pattern is followed by other major altcoins which also includes lesser known currencies like Decentraland (MANA), ApeCoin (APE) and Frax Share (FXS) that are struggling for some bull run.
Meanwhile, a closely followed crypto trader and analyst, Cantering Clark is claiming a major bull run in the days to come. The analyst informs his 156,700 Twitter followers that Decentraland (MANA) which is a metaverse protocol is currently at a short bear squeeze.
Decentraland (MANA)
He claims that MANA is about to see some major upward movement. Short squeeze is nothing but an event which occurs when traders who purchase asset’s few units for a certain price with a hope to sell them for lower price are eventually forced to buy the assets as the asset moves against their prediction
Gamifi and metaverse pumping.
If I had to guess, $MANA has the potential to get even more violent to the upside given that OI is nearly double what it normally was, before a bunch of Barry related shorts and hedges were tagged on.
This squeeze has more fuel. pic.twitter.com/OWnPPCTAXV
— Clark (@CanteringClark) January 8, 2023
Currently, MANA is selling at $0.3929 after a fall of 2.74% in the last 24hrs.
ApeCoin (APE)
Next, Clark talks about ApeCoin (APE) and states that APE which is a native token of Bored Ape Yacht Club will continue its upward swing after the recent bull run. The analyst also says that if GameFi and metaverse continue their bullish momentum, APE will definitely see a big rally ahead
A close through 4.30 for the weekly is setting up right now with only 30 minutes left.
If metaverse and gamefi is going to continue to pump, $APE catches wind it its sails. pic.twitter.com/29BoDy0hK9
— Clark (@CanteringClark) January 8, 2023
At the time of writing, APE is changing hands at $4.81 with a plunge of 0.67% over the last 24hrs.
Frax Share (FXS)
The last currency that has caught the trader’s attention is Frax Share (FXS) where he strongly argues that FXS is about to form a bottom after which a breakout can be expected.
I see $FXS catching a bid again, and this 3-day chart has a granite bottom.
I am betting on this breaking up, and positioning accordingly. pic.twitter.com/1URc1gpqcA
— Clark (@CanteringClark) January 8, 2023
At the moment, Frax Share has lost 2.53% over the span of 24hrs and is now trading at $5.42
Filed under: Bitcoin - @ January 11, 2023 9:24 am