An anonymous crypto trader, known as Loma, is expressing optimism about Toncoin (TON) and believes that one particular altcoin could surprise the market. Loma, who has a significant following on X, a social media platform, plans to accumulate TON when its price reaches around $5. However, if the price drops below a certain level, Loma will consider reducing their position. Despite this cautious approach, Loma believes that many other cryptocurrencies are also showing similar patterns and that it doesn’t make sense to be overly bearish during significant market shifts.
As of now, TON is trading at $5.55, and Loma predicts that Binance Coin (BNB), the digital currency powering the BNB Chain ecosystem, has the potential to reach new all-time highs. Loma highlights positive factors such as BNB’s recovery from a previous decline, regular coin burns, and negative funding. They suggest that if other major cryptocurrencies like Solana and Ethereum are expected to achieve new ATHs, BNB should follow suit.
Loma considers BNB to be a dark horse among large-cap crypto assets due to several reasons. Firstly, BNB’s structural performance looks promising in both USD and BTC pairings. Additionally, the negative funding indicates that larger whales are using BNB to reduce fees, providing further support for its growth. Finally, Loma believes that BNB is not likely to face any immediate legal issues from regulatory authorities, which is another advantage. At present, BNB is valued at $594.76.
Please note that the opinions expressed by Loma are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies. The Daily Hodl, where this information was sourced from, does not endorse the buying or selling of any digital assets and is not an investment advisor.
