The leading analyst of the cryptocurrency markets stated that two altcoins within the Bitcoin (BTC) ecosystem will continue to rise as the markets strengthen. Here are the critical statements about these two cryptocurrencies!
Crypto analyst known as The Flow Horse on social media, X, revealed that he has started to build a position in Stacks (STX) to his followers. Stacks is a project that enables the construction of decentralized finance (DeFi), non-fungible tokens (NFT), and other decentralized applications on top of Bitcoin. The analyst expressed the following:
“I have started building a position in STX, also known as Ape most, and have started scaling in as much as possible. When viewed from a high time frame perspective, the trend is tilting upwards, and some key signals are turning green. All critical volume levels are being reclaimed. The Spot CVD (cumulative volume delta) on Coinbase has only been rising for the past two weeks, and open interest (OI) is performing well. With the arrival of BTC ETFs (exchange-traded funds), we will soon see the market reassessing this.”
At the time of writing, STX was trading at $0.835 with an increase of approximately 5% in the last 24 hours.
Lastly, The Flow Horse predicted a rise for The Flow Horse Ordinals (ORDI), which aims to add value to Satoshi, the smallest unit of Bitcoin. The expert said the following about the subject:
“Am I missing something, or is it obvious from a technical and behavioral standpoint that ORDI has been around for so long? No scam – the FDV/MKT (fully diluted value with market cap) ratio is 1:1. The regaining of all levels is also known as if you have sold too early and made a mistake.”
At the time of writing, ORDI was trading at $31.82 with an increase of over 34% in the last day, according to data obtained from the website 21milyon.com.