An expert in cryptocurrency trading and analysis is optimistic about the future of a significant smart contract blockchain’s native token.

Going by the name Bluntz on Twitter, this analyst has shared with his 223,700 followers that Cosmos’ (ATOM) interoperable blockchain, which is currently trading at its lowest point since 2023, could potentially double in value.

Bluntz highlights that ATOM is currently in a bullish ascending channel and has recently completed a three-wave corrective pattern, indicating that a new upward trend may be on the horizon.

“I’ve been hunting some altcoins that look amazing that haven’t run as hard as some others and my homie pointed out ATOM.

Beautiful weekly structure, nice clean three-wave move down, another potential 100% mover in my opinion.”

ATOM is trading at $10.02 at time of writing, an over 3% decline the past day.

Regarding the crypto assets that have performed relatively better, the pseudonymous analyst says Ethereum competitor Solana (SOL) is on the list.

“SOL has been one of the best performers of all majors this month.”

Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave corrective pattern.

“One of the altcoins I’m liking here is SOL.

Solid strong reaction from a major support level, clean three-wave move down on high timeframes.

I think this has potential for 100% upside, and I rarely call sh*t like that.”

A crypto trader with a large following shared positive views on a highly-ranked altcoin and provided updates on Ethereum (ETH) and Litecoin (LTC).

The trader, known as Bluntz, shared with his 223,600 Twitter followers that Fantom (FTM) is likely to experience a surge in value soon. Currently ranked as the 53rd largest cryptocurrency by market cap, FTM is poised for a rally according to Bluntz.

As per Bluntz, who utilizes the Elliot Wave theory for technical analysis, Fantom seems to have finished a downward three-wave corrective pattern near an important Fibonacci retracement level and is now set to continue its main upward trend. The Elliot Wave theory suggests that corrections happen in a three-wave pattern, while the main trend happens in a five-wave pattern.

“Nice basing structure beginning to form here on FTM.

Strong reaction from a major 0.618 Fib level and overall structure from the $0.33 highs looks like a corrective A-B-C [wave pattern].

Above $0.28 and I think FTM flies.”