A top cryptocurrency analyst and trader has expressed bullish sentiment on the native token of the major smart contract blockchain.

The analyst, who goes by the pseudonym Bluntz, told his 223,700 followers that interoperable blockchain Cosmos ( ATOM ), which is trading near 2023 lows, could double in value.

According to Bluntz, ATOM is in a bullish ascending channel and recently completed a three-wave corrective pattern, suggesting that a new uptrend is imminent.

“I was looking for some altcoin that looked amazing but wasn’t as hard to mine as others and my friend pointed out ATOM.

Beautiful weekly structure, a clean three wave decline, and another potential 100% move in my opinion.”

As of writing, ATOM is trading at $10.02, down over 3% over the past day.

In terms of relatively better-performing crypto assets, the anonymous analyst said Ethereum competitor Solana ( SOL ) is also on the list.

“SOL had one of the best performances of any major this month.”

Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave corrective pattern.

“One of the altcoins I like here is SOL.

A strong reaction to the major support levels, a clean three-wave decline on the high time frames.

I think this has 100% upside potential, and I don’t say that often.”