Celebrity trader Peter Brandt has pointed out that Stellar Lumen (XLM), seen as a rival to XRP, has huge potential and could be an altcoin, which could experience its next big price move.
Stellar Lumen, the Stellar network’s own cryptocurrency, connects banks, financial institutions, payment systems, and individuals for fast and secure cross-border payments.
XLM, which is currently trading at $ 0.095, has gained 50 percent since the start of last month. According to Brandt, this is just the beginning. Brandt posted the chart below, “is XLM going to be the next altcoin to bang?” issued with the note.
Brandt, who gained a reputation for predicting bitcoin’s decline in January 2018, thinks that in the short term some altcoins, including Ethereum, will outpace Bitcoin:
“There is a very significant break in ETH / BTC parity. Target .03276. In the short term, many altcoins will gain value against Bitcoin. “
Also last week,” crypto Youtuber ” Nicholas Merten stated that the market had managed to overcome a key point of resistance against BTC and that the new altcoin season had officially begun.
Binance CEO Changpeng Zhao stated that ‘ traders should not expect the whole altcoin market to rise and said that the next sub season will be reflected in altcoins, which are really self-improving and utilitarian.
