A popular crypto strategist predicts that three new digital assets are poised to experience significant growth in the coming weeks. Altcoin Sherpa, a pseudonymous analyst with a large social media following, believes that cross-chain messaging protocol Wormhole (W), Ethereum-based project Omni Network (OMNI), and TNSR, the governance token of non-fungible token platform Tensor, have great potential despite launching during unfavorable market conditions.

Altcoin Sherpa took to the social media platform X to share his insights with his 215,400 followers. He stated, “Keep an eye on these new coins. W, OMNI, and TNSR are all on my radar. They launched during a difficult period, and I anticipate that some of them, especially W, will experience significant gains in the coming weeks. In my opinion, it’s best to engage in spot trading.”

Currently, W is trading at $0.62, OMNI at $25.20, and TNSR at $1.19.

In addition to his positive outlook on altcoins, Altcoin Sherpa also provided cautionary advice regarding Bitcoin. He pointed out that Bitcoin is at a crucial juncture, hovering around the middle of a trading range on the four-hour chart. He stated, “BTC is in a precarious position. I have taken profits on my recent Ethena purchases and will temporarily refrain from active trading. It is generally not advisable to trade near the 0.5 Fibonacci level, and this also coincides with the four-hour 200 exponential moving average. If necessary, I will gladly buy back at a higher price later, but for now, I am very bullish on spot alts.”

At the time of writing, Bitcoin is trading at $66,216, reflecting a 2.6% increase in the past 24 hours.

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Disclaimer: The opinions expressed in this article by The Daily Hodl are not to be considered as investment advice. Investors are advised to conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. It is important to note that all transfers and trades are undertaken at one’s own risk, and any losses incurred are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please be aware that The Daily Hodl participates in affiliate marketing.

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