Popular crypto analyst Kevin Svenson is expressing bullish sentiment on altcoins as he updates his outlook on a blockchain-based gaming protocol.
Svenson tells his 126,300 Twitter followers that the altcoin market is long overdue for a rally.
“We haven’t had an altseason since the end of 2021. It’s been down only since then for the majority of alts … Think about it. Do not be surprised to see them rally hard soon.
Many of them, literally right now, just starting to come off the lows.
SO MANY ALTS are likely about to pump. Just throw a dart at the board and you’ll hit something.”
One altcoin on the trader’s radar is the Ethereum (ETH)-based Gala (GALA), which he says is a project with strong fundamentals and investor demand.
“One of the main alts I’m watching right now is GALA. There’s TONS of demand for it, and it’s performing well now. I am long. I warned you one-two weeks ago altseason was coming. Get ready for some epic pumps!”
GALA is trading for $0.0323
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