A top trader has said that Dogecoin (DOGE) and another asset are preparing to take off as Bitcoin approaches $ 45,000 and Ethereum recovers $ 3,000.
In a tweet to its 156,000 subscribers, Smart Contract predicts that Dogecoin will break out of its downtrend and soar to $ 0.41.
“Woof woof, DOGE looks ironically primed and breaks the key downtrend, this is the meme [season] back?
Looking like one of the slow motors but not for long [in my opinion]. “
At the time of writing, DOGE is up 22.4% in 24 hours according to CoinGecko.
Smart Contract also says The Graph (GRT) index protocol could turn bullish after sitting in a prolonged accumulation phase.
“GRT was smoked from the top, -85% peak to trough, but there is a very nice build up going on over the daily period of the USD pair, and the BTC pair has made a clear wave of 5 from the highs. down. This one is sent [in my opinion]. “
The pseudonymous trader also says that he is turning the profits he made from CryptoPunks, which are among the first non-fungible tokens (NFTs), or digital art, created on the Ethereum blockchain. Smart Contract says it is buying Meebits, a new NFT project, as volume of transactions in the sector is skyrocketing.
“I just sold a punk for + 50% of what I paid at the start of the month, then I’m going to turn those profits into Meebits.
Larvlabs’ NFTs are the only NFTs I’ve ever made money on, so [probably] will just stay with them.
Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox
follow us on Twitter, Facebook and Telegram
Surf the daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.
Featured Image: Shutterstock / Tithi Luadthong