Veteran trader Peter Brandt believes large-cap altcoins, which have soared recently, have the most bullish chart among cryptocurrencies.
Brandt told his 760,700 followers on social media platform X that cross-border payment solution XRP is making a splash.
The trader shared a chart suggesting that XRP's market capitalization has cleared the diagonal resistance of the massive triangle pattern that has kept the market bearish for over seven years.
“This is the most powerful chart of the entire XRPUSD in the crypto world.”
At the time of writing, XRP is trading at $2.51 and has a market capitalization of over $142,621 million.
Another altcoin that Brandt has his eye on is the payments-focused coin Litecoin (LTC). veteran trader say There is a good chance that LTC will follow in the footsteps of XRP.
“This has the potential to become a new powerful charting LTC.”
At the time of writing, LTC is worth $131.41.
Brandt turns his attention to Bitcoin (BTC) say He has long been bullish on the crypto king, even though other coins and some U.S. stocks could outperform the top digital asset by market capitalization.
“Over the next five to 10 years, many individual stocks will outperform Bitcoin. Of course, we don't know which ones.
Still, if I had a choice over the next 5 and 10 years between BTC on one side and some randomly selected growth stock (or any meme or altcoin) on the other, I would choose Bitcoin. Masu.
What I want to say is that the expectations of the younger generation are too high. ”
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