New Predictions For Binance Coin And Solana Are Out

There are all kinds of new predictions about the most important digital assets out there. Check out the latest ones below.

There’s a popular altcoin trader who is predicting rallies for Binance Coin (BNB) and two Ethereum (ETH) challengers including Solana (SOL).

Pseudonymous crypto strategist Altcoin Sherpa said that BNB, the utility token of crypto exchange Binance, is one of the strongest altcoins in the market right now.

“BNB: Trade idea, wait for a reclaim of the $340 area and take profit aggressively, likely at $380, $400, and $440 if it comes.”

At the time of writing, BNB is changing hands for $328, up nearly 3% in the last 24 hours.

Next up is smart contract platform Solana, which Altcoin Sherpa says is poised for a 53% rally as long as Bitcoin (BTC) comes to life.

“I think that Solana is a good one to buy around here as a swing trade. Some notes:
-This is mostly on the idea that BTC goes to $35,000-$40,000 before any new lows
-SOL NFTs [non-fungible tokens] are doing well still
-Risk:reward still seems decent here at these levels, target $75.”

At the time of writing, Solana is valued at $49.38, above Altcoin Sherpa’s support level of $48.64.

The last coin on the trader’s radar is Ethereum competitor Fantom (FTM). Altcoin Sherpa said that FTM is gearing up for a rally after losing nearly 90% of its value from its all-time high of $3.48.

“FTM: This one got rekt. It’s currently at low timeframe resistance, but I wouldn’t be surprised to see this squeeze higher before dumping more. Buying a reclaim of $0.47 and shorting something around $0.60 sounds like a good idea.”

There’s been a new report saying that institutional investors are accumulating Cardano (ADA) and Polkadot (DOT). Check out the latest reports coming from CoinShares below.

It’s been just revealed that a leading digital asset manager says institutional investors are taking an interest in Cardano (ADA) and Polkadot (DOT). This is happening while heavily de-risking from Bitcoin (BTC).