Analysts predict huge profits for competitor Ethereum

Popular pseudonymous Altcoin analyst Sherpa predicts massive gains for Ethereum competitor Avalanche (AVAX), which is up 150% in the past month alone. According to Altcoin Sherpa, the coin has the potential to rise another 30% from its current price level.

“AVAX is making big leaps. I think we’re in scary territory, but given the momentum, I expect the gains to continue. Prices around $25 should be possible if AVAX can rise above the current zone.” therefore Altcoin sherpa.

Avalanche like a rocket

At the time of writing, the Avalanche is running like a rocket. In the last 24 hours, there was an increase of 11.90 percent, while the altcoin registered a rise of 71.67 percent in the last seven days.

These are price gains that take investors in traditional markets YEARS to achieve.

In this sense, we can say that AVAX is doing very well at the moment, but these are also times when you have to be careful. When everyone is buying into the hype and people everywhere are talking about a financial asset, it might be a good time to be a little more cautious.

However, altcoin Sherpa continues to predict significant gains for its competitor Ethereum.

Is the Avalanche $29?

According to Altcoin Sherpa, Avalanche price has now crossed $22 and is making its way towards the $29.33 level.

“AVAX looks very strong here and this shows that even forgotten blockchains can still gain momentum.” The $29 price is my next price target if the coin can stay above this level,” said Altcoin Sherpa.

So he’s really hiding a little bit. “We can rise, but we can also fall.”

However, this does not change the fact that the appreciation of the currency in recent days can be described as impressive. Slowly but surely, the crypto market is turning green again. The best hope now is that we can maintain this positive momentum.