A closely followed trader says we “haven’t seen anything yet” as far as a crypto bull run, and is anticipating rallies for several altcoin projects.
Pseudonymous trader Criptopaul tells his 145,000 followers on the social media platform X that digital assets are edging toward a “parabolic phase” which will likely begin by Ethereum (ETH) outperforming Bitcoin (BTC).
“I assure you that you haven’t seen anything yet.
-Ethereum still has to outperform BTC and do ATH
-every other layer1-2 outperform Ethereum
-new ath on most of the altcoins that have worked hard since the previous cycle.
-We will probably see a new shakeout during Ethereum new Ath and then start of a huge parabolic phase. There where you should concentrate and start to sells.”
So far, Ethereum has not hit all-time highs, but BTC hit its all-time high on March 15.
One of the altcoins on Noodles’ radar is OPSEC, a project focused on artificial intelligence (AI) and decentralized cloud computing.
He says OPSEC is close to exiting a long Wyckoff-style accumulation phase, a charting pattern theory invented by investor Richard Wyckoff that aims to identify pre-rally accumulation setups.
Noodles targets the $8 level, which is 234% from OPSEC’s current price of $2.39.
“OPSEC in re-accumulation area, before next expansion phase and trend continuation, is pretty obvious.
Study Wyckoff , my greatest teacher.”
The trader is also expecting massive rallies for layer-one blockchain platform Internet Computer (ICP) According to Noodles, ICP is entering into an expansion phase which could eventually take it near the $115 level, a 579% move from current prices.
“ICP expansion phase is going to start here.”
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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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