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Analyst Jason Pizzino names 4 cryptocurrencies that will grow significantly in the future

2:18 pm, May 28, 2024

Crypto analyst Jason Pizzino has identified 4 altcoins that show signs of strengthening. The expert shared the details with his 327,000 subscribers on YouTube.

According to Pizzino, along with the Solana (SOL) and Pepe (PEPE) tokens, the Pendle (PENDLE) derivatives platform and the decentralized Render blockchain with GPU rendering (RNDR) have strong market structures.

According to Pizzino, Solana looks promising against the US dollar. «SOL is holding up pretty well, we see a 50% [рівень корекції] low here back to $ 154, so it’s still in a relatively strong position,» the analyst emphasized.

Regarding PENDLE, Pizzino is convinced that altcoin can become one of the strongest tokens in the next stage of the cycle. «Pendle is still in a relatively strong position… I am not saying that it will go up immediately, it may take some time, it may pause, go back down, and go higher. The main thing is that it is still above this major 50%, which potentially leads to the fact that it will become a stronger altcoin in the next stage.»

According to the expert, RNDR does not look as strong as the rest of the tokens, but it is still holding up well against the US dollar. «At the moment, it still looks pretty decent on the chart and against the US dollar. Just holding here at $ 10, so it’s still holding up relatively well.»

Concluding his analysis on the example of the Pepe memtoken, Pizzino emphasized that the digital asset is in a clear uptrend, which can create good trading opportunities. «Although [PEPE] is growing, it is still a strong altcoin worth paying attention to… Earlier this month, when it started to set higher lows, it tested those tops and then took off from there, so [існують] is a great trading opportunity.»

As a reminder, the crypto analyst known as Altcoin Sherpa previously stated that the Pepe meme-coin (PEPE) has a significant potential for growth of 1100%. The reason is the demand from buyers and the trading volume: «If you are looking for a meme with a large cryptocurrency to long, I think PEPE is a good option. Good liquidity, high volume, in my opinion, it’s definitely catching up a little bit with the others. I’m not saying it’s going to flip DOGE or anything like that, but it should grow relatively more.»

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