Popular crypto strategist Kevin Svenson says a mid-cap altcoin is primed to be one of the “top movers” if altseason kicks off.
Свенсон кажува his 96,600 Twitter followers that layer-2 protocol Loopring (LRC) will likely outrun much of the market.
“IF we get an Alt-Season sometime soon I think LRC could be one of the top movers. This one usually moves up with tons of velocity. Currently bottomed out. Also, Loopring is one of my favorite Layer-2 solutions for ETH during times of high fees.”
Loopring spiked 46% on Wednesday from around $0.84 to as high as $1.23. The 80th-ranked crypto asset by market cap is trading for $1.12 at time of writing.
The price jump came as Loopring објави that the beta version of GameStop’s new non-fungible token (NFT) platform built on its blockchain is live for early sign-ups and fund deposits, with a full launch in the near future.
Свенсон вели he took some profit on the LRC gains.
Loopring allows anyone to build non-custodial, order book-based exchanges on the Ethereum (ETH) network using zero-knowledge (ZK) proofs. Holders of LRC can earn staking rewards from the fees paid by decentralized exchanges (DEXs) built using the Loopring protocol.
Свенсон исто така вели Bitcoin (BTC) looks like it’s “perking up.”
# БТК is about to close the highest daily candle it’s had since March 2nd + PSAR on the Weekly is close to a bullish flip!!! https://t.co/QZTTlLTGCZ
- Кевин Свенсон (@KevinSvenson_) Март 23, 2022
ПСАР стои for parabolic stop and reverse indicator.
Bitcoin is trading for $42,830.85 at time of writing. The top-ranked crypto asset by market cap is up more than 4% in the past seven days and 14.6% in the past month.
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Source: https://dailyhodl.com/2022/03/24/one-altcoin-will-be-a-top-mover-when-altseason-kicks-off-says-closely-followed-crypto-analyst/