A highly anticipated cryptocurrency strategist has stated that low market value counterfeit coins running on the Ethereum (ETH) blockchain may experience more rebounds. Anonymous analyst AltcoinSherpa told his 196700 fans on social media platforms that the local assets of the Image Synthesis Ecosystem Rendering Network (RNDR) may rise by more than 33%
A highly anticipated cryptocurrency strategist has stated that low market value counterfeit coins running on the Ethereum (ETH) blockchain may experience more rebounds. Anonymous analyst AltcoinSherpa told his 196700 fans on social media platforms that the local assets of the Image Synthesis Ecosystem Rendering Network (RNDR) may rise by more than 33%.
The trader shared a chart showing how RNDR successfully converted the previous $1.80 resistance level into a support level, with multiple index moving averages boosting the upward trend of Ethereum based counterfeit currencies.
He further added, "The trading performance of RNDR has been very smooth, and prices are expected to continue to rise, ultimately reaching $2.40
As of now, the trading price of RNDR is $1.80, which has fallen by over 2% in the past 24 hours.
As for Bitcoin (BTC), Altcoin Sherpa stated that this flagship cryptocurrency may experience significant fluctuations at the end of the year. He proposed two scenarios for Bitcoin, both of which depend on Bitcoin's response to the $30000 level.
He said, "For BTC, the setting of the next high point is crucial. In my opinion, if we hit a lower high of about $30000 and continue to decline, we may fall to a low of about $20000.
If we can break through $32000, it may push the price up to about $40000.
In short, this is my expectation of future price trends. In the next four months or so, there may be many noticeable fluctuations. This will be very interesting
As of the time of writing, Bitcoin is worth $27680.
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