Analyst Forecasts Significant Growth for Bitcoin Ecosystem’s Altcoin and Two Other Cryptocurrencies – Unveils Price Goals

A popular cryptocurrency analyst is indicating that a selection of alternative coins could be on the verge of significant price surges.

The analyst, who operates under a pseudonym, has shared with his substantial audience of 620,300 on social media site X that he is optimistic about the future of ORDI (ORDI), a digital currency project that is introducing the concept of non-fungible tokens (NFTs) to the Bitcoin (BTC) network.

Accompanying his prediction with a chart, he highlights that ORDI has surpassed its downward trend line, implying that a bullish price trajectory could be imminent.

“ORDI appears set to soar dramatically.”

Previously, the analyst suggested that ORDI is set to benefit from Bitcoin’s uptrend, alluding to the equity market’s record-high performance.

“With equities reaching new peaks and Bitcoin looking ready for further gains, wagering on BTC themes is a straightforward strategy. Ordinals are poised to play a pivotal role in this cycle, and I’d find it surprising if the ORDI price didn’t climb.”

According to the analyst’s chart, it is predicted that ORDI could climb to an unprecedented peak of $130. Currently, ORDI is valued at $68.23.

Additionally, the analyst is closely monitoring the price action of smart contract platform Avalanche (AVAX), which he asserts is likely to ascend to its annual high following a breakout from its diagonal resistance.

“AVAX is on the brink of breaking through above $50, yet skeptics remain unconvinced.”

At the moment of writing, AVAX’s price is $39.37, having decreased by approximately 5% over the past day but still remains above the mentioned resistance level.

The final cryptocurrency catching the analyst’s attention is THORChain’s native token (RUNE). The analyst forecasts a bullish trend for RUNE against Bitcoin (RUNE/BTC) and envisions the pairing climbing back to its high near 0.00049807 BTC ($24.64).

“The RUNE/BTC chart is indicative of a major timeframe breakout and a subsequent clear retest, appearing primed for a rally back to its highs.”

Currently, RUNE/BTC is trading at 0.00010475 BTC ($5.18).

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Disclaimer: The views expressed in The Daily Hodl are not investment advice. Before engaging in any high-risk investments in Bitcoin, cryptocurrencies, or digital assets, it is essential that investors perform their own research. You are responsible for your own trading and transfer moves, and any potential losses are your liability. The Daily Hodl is neither an investment advisor nor does it endorse the purchase or sale of any cryptocurrencies or digital assets. Please be aware that The Daily Hodl is involved in affiliate marketing.

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