- Smart Contracter, a crypto analyst, predicts potential growth for Ethereum (ETH), Fantom (FTM), and The Graph (GRT) based on his analysis and technicals.
- Fantom is a DAG smart contract platform for DeFi services, and The Graph was designed to provide competition to Chainlink (LINK).
“Nice FTM downtrend break on USD pair and BTC pair and macrostructure is a big clear three wave move down. Hard not to be looking for longs on some things now in light of this weekend price action,” tweeted Smart Contracter, a prominent crypto analyst with over 221,000 followers on Twitter. He has predicted potential growth for Ethereum (ETH), Fantom (FTM), and The Graph (GRT) based on his analysis and technicals. According to the analyst, the completion of the corrective move down and breaking out of diagonal resistance by these tokens based on the Elliott Wave Theory confirmed their potential rallies.
Fantom, a directed acyclic graph (DAG) smart contract platform for DeFi services, was highlighted by Smart Contracter for its technical and strong fundamentals. “Nice FTM downtrend break on USD pair and BTC pair and macrostructure is a big clear three wave move down,” the analyst tweeted. At the time of writing, Fantom was changing hands at $0.4736, up 17.68% over the past 24 hours.
The Graph, designed to provide competition to Chainlink (LINK), was also deemed primed for growth by Smart Contracter following the completion of the Elliott Wave ABC Wave Down. “So many alts look amazing,” he tweeted, “GRT also has a clean ABC down on weekly after five-wave rise.” The cryptocurrency was priced at $0.1581, up 10.02% over the past 24 hours.
Smart Contracter also included Ethereum, the biggest altcoin with a massive market capitalization of $216.45 billion, in his predictions for potential growth. With a robust smart contract hub in the digital currency ecosystem, Ethereum has seen immediate growth. “The propensity for Ethereum to grow was further highlighted when it plunged to a low of $1,372 on March 10th to close the previous week above $1,500 still,” said the analyst. At the time of writing, the digital currency is up 6.22% to $1,769.56 and up by as much as 16% over the trailing seven-day period.
While Smart Contracter did not reveal his price target for Ethereum, expectations to top $2,000 by the end of the second quarter can obviously not be shrugged off. “So many alts look so good now,” the analyst tweeted. “I’m only looking for longs.” With strong fundamentals and technicals, these cryptocurrencies are likely to be watched closely by traders and investors in the near future.
The ongoing rally in the digital currency ecosystem might be giving early credence to the call from Smart Contracter about the potential uptrend of Ethereum, Fantom, and The Graph. These cryptocurrencies have shown resilience in the face of market corrections and have exhibited strong fundamentals and technicals. As always, caution should be exercised, and traders and investors should do their own research before investing in any digital asset.