Ethereum Competitor To Outshine The Crypto Market In 2022

According to the latest predictions, it seems that there is an Ethereum competitor that is set to outshine the crypto market. Check out the new predictions about the price of Cosmos.

There is a crypto analyst who is eyeing breakouts for altcoins that compete with leading smart contract platform Ethereum (ETH).

The pseudonymous trader known as Altcoin Sherpa recently explained that he expects big things from Cosmos (ATOM). This is an ecosystem of blockchains designed for both scalability and interoperability.

The trader also made sure to highlight the fact that he’s impressed by the project’s Inter-Blockchain Communication protocol (IBC), which went live in April of last year. More than that, he also said that he expects ATOM to be one of the top performers of 2022.

“I am probably late to the show on this, but I think that Cosmos is going to have a really big 2022.”

He continued and said:

“There’s a lot of interesting stuff being built and there’s a lot to be said about IBC in the future. I think this is definitely one to watch going forward.”

Sherpa also posted the following tweet:

TA wise, I think that the trend looks decent on lower time frames, we are seeing the EMAs swing bullish. The EQ of the range is also holding for now but if BTC shits the bed, it’s going back to the range lows.

— Altcoin Sherpa (@AltcoinSherpa) March 4, 2022

Regarding ETH, despite the massive market volatility, there are still optimistic predictions about the digital asset.

It’s been just reported that traders should watch to see if Ethereum (ETH) is able to cross an important level against Bitcoin (BTC) in the near future, according to crypto analyst Justin Bennett.

Bennett said that recent trend lines indicate Ethereum needs to get above 0.073 Bitcoin to start outpacing BTC in the next few months.