A popular crypto analyst is updating his outlook on one Ethereum (ETH)-based altcoin after an explosive two months.
Pseudonymous trader Altcoin Sherpa tells his 197,000 followers on the social media platform X that the decentralized oracle protocol Tellor Tributes (TRB) is showing how quickly altcoins can soar out of lengthy market corrections.
TRB was trading for $9.83 on August 25th and at time of writing is worth $113, a more than 1,000% gain.
“TRB: It’s crazy how just a few crazy weeks of bull moves can undo YEARS of bear market moves for some of these altcoins.
I’m not expecting all altcoins to do this, but 2021 showed that this can certainly happen (in alt/USDT pairs), even for dino coins.
Don’t sell too quickly.”
The trader previously predicted TRB was exhausting its bullish momentum after hitting $79 and briefly retraced.
TRB hit its all-time high in May 2021 at $161.
“SOL: Want to add, high $30s next and then $50 after.”
Solana is trading for $31.31 at time of writing, up more than 46% in the past two weeks.
“LINK: Very strong. Wanting to buy dips. Don’t know if I’m going to get it. Mid $9s and lower.”
Chainlink is trading for $10.51 at time of writing, up more than 45% in the past two weeks.
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