A popular crypto currency analyst has a positive outlook on the decentralized storage network Filecoin (FIL), emphasizing that the altcoin project could experience a significant surge in momentum in the upcoming period.
Analyst Claims 125% Increase for Filecoin
The analyst known as Altcoin Sherpa on social media platform X suggests that decentralized storage network Filecoin (FIL) could increase by more than 125% from its current value in the coming months, stating:
In my opinion, Filecoin is going to double in the next few months.
According to the investor’s charts, Filecoin could turn the 50% level in a trading range into support and rise to $16.20. Billionaire Winklevoss twins first invested in Filecoin in 2017 through venture capital firms. They co-founded the crypto currency platform Gemini. Filecoin was trading at $7.19, down about 5% in the last 24 hours when this article was written. The crypto currency analyst then suggested that Ethereum’s (ETH) close competitor, the smart contract platform Solana (SOL), could retest the $100 level, adding:
SOL: Buying around $100 seems right; this is still a highly volatile chart. I think for most people, just buying and holding might be the best strategy.
Expert Opinion on COTI
Solana was trading at $104, down more than 3.5% in the last 24 hours when this article was written. Lastly, the analyst mentioned that the decentralized payment platform Coti (COTI) could rise to $0.13 after retesting the $0.09 area, concluding:
COTI: One of the old coins I recently decided to buy. It has made extremely strong moves in the last few weeks. I believe we will see some hesitation in these wicks before, but still, I believe we will surpass these areas in the medium term. We might see the $0.09 area as an interest entry point.
