Cryptocurrency analyst names Ethereum blockchain cryptocurrency that has a chance to grow by 30%

A popular crypto trader known as Altcoin Sherpa has identified an Ethereum-based altcoin that has the potential to grow by almost 30% from its current price.

According to the analyst, Maker (MKR) has demonstrated «tremendous strength» in an unfavorable market environment. The expert is convinced that the token can rise above $ 1,700 if it overcomes the resistance level of $ 1,330.

«MKR: What other altcoins are similar to this one in these particular market conditions? Bin Laden: Not many. I was wrong, it [токен] has shown tremendous strength. Break through this level and $ 1700 will be the next growth zone,» Altcoin Sherpa said.

At the time of writing, MKR is trading at $ 1,297 with a market capitalization of $ 5.04 billion. Traders have made daily trading deals worth $ 105 million.

Altcoin Sherpa also spoke about bitcoin. The trader suggests that if the flagship crypto asset manages to rise above the $ 29,750 resistance level, it could return to the $ 30,000-$ 32,000 range.

At the moment, bitcoin is worth $ 29,167 with a market capitalization of $ 567 billion. Daily trading transactions exceeded $ 12.3 billion.

According to Altcoin Sherpa, in the medium term, BTC will reach $ 40,000 if it manages to convincingly rise above the current price range. «I would like to see the price continue to rise with more strength and for more time. It can easily deviate and just go back below this range and dump. Personally, I still believe that the price will go up to $ 35,000 to $ 40,000 in the medium term, and I am still bullish until proven otherwise,» the crypto expert emphasized.

The analyst also offers his vision of the Chainlink blockchain. Altcoin Sherpa notes that Chainlink is a «strong» altcoin, and he would consider buying the token: «LINK: Still in balance. 450 days of accumulation, it’s strong. I think it’s a pretty safe altcoin overall, I would consider holding bets between that range and the $ 5.50 low and just staying there.»