Altcoin That’s Exploded Over 1,800% in a Year Is Still Massively Bullish, According to Crypto Analyst

By The Daily Hodl November 18, 2023 In Cryptocurrencies
Source: Credible Crypto/X

A widely followed analyst and trader says that a top-50 crypto asset by market cap possesses more upside potential.

The analyst pseudonymously known as Credible Crypto tells his 352,200 followers on the X social media platform that the proof-of-work cryptocurrency Kaspa (KAS) has a “long way to go” upwards even after rallying by around 50% since Wednesday.

“There is no doubt in my mind that it will soon break into the top 20 coins by market cap.”

Kaspa, which is currently ranked 30th by market cap, is trading at $0.122 at time of writing, up by around 1,831% in one year.

Turning to Celestia (TIA), a blockchain built to enable anyone to launch their own decentralized network at minimal cost, Credible Crypto says that he’s targeting an over 60% rally for TIA from the current level after it retraced to a support zone.

“Picked up TIA here, clear invalidation, targeting $10+.”

According to the pseudonymous analyst, his trade will be invalidated if TIA falls to a price of around $5.88.

“If we are ready for an expansion up, we shouldn’t revisit those lows. If we do, we probably move all the way back to the green zone [between $5.56 – $4.95] (or potentially lower).”

Source: Credible Crypto/X

TIA is trading at $6.12 at time of writing, up by around 150% in a week.

Generated Image: DALLE3

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