Sherpa

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 <p>A popular crypto analyst is turning bullish on one peer-to-peer storage altcoin project that is backed by billionaires.</p>
 <p>The pseudonymous trader known as Altcoin Sherpa tells his 207,700 followers on the social media platform X that decentralized storage network Filecoin (FIL) could increase more than 125% from its current value within months.</p>
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 <p><em>“FIL: This doubles in the next few months in my opinion.”</em></p>
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      Source: Altcoin Sherpa/X
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 <p>Looking at the trader’s chart, he suggests that Filecoin could flip the 50% level in a trading range into support and rally to $16.20.</p>
 <p>The billionaire Winklevoss twins first invested in Filecoin in 2017 through their venture capital company. They went on to co-found the crypto exchange platform Gemini.</p>
 <p>Filecoin is trading for $7.19 at time of writing, down nearly 5% in the last 24 hours.</p>
 <p>Next up, the trader says that Ethereum (ETH) competitor Solana (SOL) may retest the $100 level.</p>
 <p><em>“SOL: buying around $100 seems right; this is still a pretty choppy chart. I think that just buying and holding is going to be the best strategy for most people overall.”</em></p>
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      Source: Altcoin Sherpa/X
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 <p>Solana is trading for $104 at time of writing, down more than 3.5% in the last 24 hours.</p>
 <p>Lastly, the trader says that decentralized payments platform Coti (COTI) could rally to $0.13 after a retest of the $0.09 area.</p>
 <p><em>“COTI: another one of the old coins that I recently decided to buy. It had some extremely strong moves the last few weeks. I believe we’ll see some stalling at some of these wicks from before (not sure which), but still believe that we’re going to break past these areas in the mid-term. Would view the $.09 area as an interest entry area.”</em></p>
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       Source: Altcoin Sherpa/X
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    <div class="css-175oi2r r-1mlwlqe r-1udh08x r-417010" aria-label="Image"><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;">COTI is trading for $0.092 at time of writing, down nearly 4% in the last 24 hours.</span>
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    <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-top-50-altcoin-backed-by-bitcoin-billionaires-could-explode-100-in-coming-months-according-to-trader-tbt80499.html">https://thebittimes.com/this-top-50-altcoin-backed-by-bitcoin-billionaires-could-explode-100-in-coming-months-according-to-trader-tbt80499.html</a></p>
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This Top-50 Altcoin Backed by Bitcoin Billionaires Could Explode 100% in Coming Months, According to Trader

TheBitTimes

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