The Analyst Predicted The Growth Of The Rate Of Ethereum, Axie Infinity And Looksrare

Well-known online cryptocurrency analyst Altcoin Sherpa spoke about the future value of several virtual assets in the market. He predicted that the price of Ethereum (ETH), Axie Infinity (AXS), and LooksRare (LOOKS) would rise more than others as the market recovers.

In his opinion, the Ethereum rate can still add from 30% to 50%, even though it has almost doubled in price over the past 45 days. According to the analyst, the value of ETH could rise to $2,200 in the medium term. However, it is necessary to overcome the critical resistance level at around $1720.

Next, we talked about the native token of the popular blockchain-based game Axie Infinity (AXS). Altcoin Sherpa assured: AXS could seriously rise in price in the coming months. Its cost was $18.78 as of 14:50 Moscow on July 31, 2022. Nevertheless, the strategist emphasized that he expects the exchange rate to rise to $40-$44.

As for LOOKS, Altcoin Sherpa noted that he believes in the prospects for the native asset of the non-fungible market of LooksRare tokens and predicted a 50% increase in the value of LOOKS. He noted interesting price behavior on the chart. According to him, the exponential moving averages on the four-hour timeframe stick together, and the price fluctuates back and forth. Provided that Bitcoin (BTC) is not highly volatile, this could mean a bullish signal for LOOKS, which has been trading in the $0.4 area.