Cryptocurrency experts offer graphical assessments that present investors with diverse perspectives. There remains an optimistic outlook across altcoins due to the sustained price of BTC above $63,000. Analysts have just released their latest graphical evaluations for AVAX, AMB, and various altcoins.
Future of Altcoins
A crypto analyst known as Yoddha has focused on the recent recovery of altcoins from a mid-term declining trend. In his shared graph, he suggests that an overall increase in altcoins could commence within days, supported by the historical performance of the fourth quarter.
“The biggest altcoin season of this period will begin within days. We are already witnessing the first signs. If you review history, you will see how significant Q4 has been in all past cycles.”
AMB Coin Commentary
In today’s graphical update, Marco Johanning indicated progress towards the $0.01 target. Citing the announcement from AirDAO, the analyst expressed satisfaction with the ecosystem’s growth. The announcement mentions the inclusion of meme projects, a prediction market testnet, and 35 different projects participating in the ETH Global hackathon. Moreover, there are signals of a significant upcoming announcement regarding a new liquid stake platform. In summary, as Marco stated, the AirDAO ecosystem continues to expand.
AVAX Graph Commentary
The latest analyst, Phoenix, suggests that the popular cryptocurrency may race back to three-digit prices. This year, AVAX has not provided the returns investors hoped for, influenced by its double-digit annual inflation. Although fluctuations in BTC prices have constrained it in the $20 range, it recently surged back above $27.3.
AVAX is currently focusing on long-term growth objectives through significant corporate partnerships in the RWA sector. By reaching a trillion-dollar market value, the RWA sector will leverage existing blockchains like Ethereum $3,188, Solana $216, and Avalanche. While Ethereum stands out as the leading network, there are also new agreements emerging on the Solana and Avalanche fronts.
Returning to price targets, Phoenix aims for a range between $90 and $110. These levels are anticipated to be reached during a potential altcoin bull market, and if major news arrives timely, AVAX could achieve even higher peaks.