Pushing Ethereum Altcoin Could Explode Another 111%, According To Top Crypto Analyst
A popular crypto trader is predicting a massive jump for an already rising Ethereum (ETH) altcoin.
Anonymous cryptanalyst Credible says his 337,700 Twitter followers that OriginTrail (TRAC) could more than double in price – even after a mammoth 78% increase to start the week.
The token started the week at a high of $0.27 and rose to $0.48 on Wednesday.
The logistics and supply chain blockchain protocol is designed to help businesses and organizations securely store and manage critical information in a decentralized manner.
At the time of writing, TRAC is trading at $0.44.
Troverdig estimates that TRAC will next rise to $0.93, an increase of more than 111% from today’s price.
The merchant says The path to the highest price target could include a momentary drop 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’ll 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 load/jump on the train again if you missed it the first time .”
At the start of the wave, Trustworthy says he acquired more of the token during what he called an accumulation interval between $0.27 and $0.34.
“I’ve added my TRAC bag here, more than 2x my position here at $0.26, bringing the average down to around $0.35-ish. I fully expect a new all time high this cycle, but the first target is a cool 3x-4x to around $1.
$100 million market cap, zero inflation (token supply is fully circulating), AI narration.”
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