Editor’s Note: With Bitcoin (BTC) rallying 21% over the last 30 days and other cryptos following suit, we wanted to send out a special report from our in-house crypto experts to help make sure the right cryptos are on your moneymaking radar. This story was first shared last week with members of the Crypto Advantage Society as part of a weekly feature: the Altcoin Bible. In this video, Sam MacDonald, Head Analyst for Senior Crypto Analyst Joe Shew, reveals a “cherry ripe” coin to buy that looks ready to move higher, “one to watch” that’s positioned to make a move higher or lower, and a “danger zone” pick that looks to be in trouble (and should be avoided at all costs).
My Head Analyst Sam MacDonald had been battling COVID-19 before he shot this video, and although he apologizes for being a “vegetable,” he’s a trooper and his enthusiasm still shines through in the Altcoin Bible.
The first coin on the list is Quant (QNT), which the business operation calls “The future of finance. Today.” Quant works with financial institutions and enterprises to help them exchange information and assets more securely and cost-effectively through blockchain technology.
Be sure to follow along closely at the 3:12 mark, when Sam demonstrates why he expects short-term volatility in price action to continue.
When Sam first released this video, technical analysis showed that QNT had a mid-term price target that was 63% higher than what the coin was trading for. It has since rallied 11% higher, but it still has room to run.
For a “coin to watch,” Sam has his eyes on Binance Coin (BNB), which was originally launched by Binance as a utility token for discounted trading fees.
It has since expanded as a payment option for goods and services.
At the 7:07 mark, Sam makes the case for why it’s on his watchlist and where the price could head next. He’ll also have a quick bonus update on another coin to watch that he’s previously mentioned — Polygon (MATIC).
Finally, at the 12:37 mark, Sam has his “danger zone” pick for the week: Algorand (ALGO).
He believes we could see a rally in the coin, but it may slightly dip in the near term before that happens.
All you have to do to access this video is click below.
So, to recap, these were our Altcoin Bible picks for July 27, 2022:
- Cherry Ripe: Quant (QNT)
- One to Watch: Binance Coin (BNB), Bonus Update on Polygon (MATIC)
- Danger Zone: Algorand (ALGO)