A popular crypto analyst is mapping out some big price predictions for three large-cap altcoins.
The pseudonymous trader Inmortal tells his 95,000 Twitter followers that in order for the crypto market at large to remain bullish, Bitcoin (BTC) now needs to hold above $61,000.
If that happens, Inmortal predicts the leading smart contract platform Ethereum (ETH) is set for a breakout from its price of about $4,110 at time of publishing to $6,300 by the middle of November.
The next coin on the analyst’s radar is the native asset of blockchain interoperability platform Cosmos (ATOM).
Inmortal believes ATOM is “worth accumulating” and appears to be in a moment of consolidation.
He predicts the crypto asset will trend sideways until early next month, when he thinks resistance against Bitcoin at about 0.00063 BTC [$39.92] will flip to support and spark a rally to 0.00094 BTC [$59.56].
Inmortal is also looking for a significant surge in the price of FTX Token (FTT), which is the utility token of the crypto exchange FTX.
The trader says the accumulation period for FTT is already over.
He predicts the coin will likely surge from current levels at about $65.00 to at least the $100 mark by November 10th.
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Featured Image: Shutterstock/Olivier Le Moal