Analyst speaks about undervalued altcoins, the rate of which should rise in the near future

A well-known crypto analyst who uses a pseudonym Saro voiced a forecast about the position of several altcoins. The expert believes that in the near future their value will increase.

First of all, the attention of the analyst was attracted by the Terra crypto coin. Now its price is about $85, the altcoin is in the top 10 most popular cryptocurrencies according to Coinmarketcap. Terra capitalization almost reached $30 billion.

Saro believes that the price of this altcoin can increase 3–5 times in the coming year. He wrote with reference to technical analysis indicators that there are all prerequisites for the growth of Terra.

The analyst also drew attention to Polkadot, the blockchain of which is seriously underestimated. According to Saro, the capitalization of the crypto coin is at the level of $16.4 billion, but in the near future it can grow to $100–150 billion. The expert believes that this is quite realistic, taking into account how rapidly the parachains within this project are developing.

Another crypto coin worth keeping an eye on is Cosmos. According to Saro, this altcoin is now seriously undervalued. The analyst believes that his ecosystem has every opportunity to prove its effectiveness in the future.

The price of Cosmos at around $20 should be considered as a good moment to acquire a crypto asset, the expert believes. He is confident that the altcoin can reach $300–400 in the near future.

Interestingly, Saro recently announced a forecast for a correction in the Bitcoin exchange rate. He stated that, most likely, the price of BTC will decrease, given the current situation in the market. The expert emphasized that the fall below the $40,000 level was the main factor that could become a prerequisite for a further decline in the value of the main cryptocurrency.

What do you think about it?