Cryptocurrency Trader Forecasts Explosive Surge for Decentralized Video Streaming Token – Reveals Projected Price Peak
2 min read
An esteemed cryptocurrency analyst, who is watched keenly by industry followers, has predicted a significant surge for a decentralized video-streaming cryptocurrency.
The incognito market expert known as Kaleo shared with his sizable cohort of over 630,000 followers on a particular social network that Theta Network (THETA), which is built around decentralized video distribution, is poised to see its value catapult by upwards of 200% as the social finance (SoFi) sector experiences a revival.
“THETA is one to watch closely. The current climate in SoFi, especially with upcoming airdrops like ARENA and FT (Friend.tech), is bound to increase interest in this space, and I’m hugely optimistic about its prospects in the coming months.”
The analyst’s analysis suggests that THETA’s price could potentially break the $10 mark. As of the latest update, THETA is at $3.10, reflecting a 10.5% increase over the past day.
Additionally, this crypto trader expresses a positive stance on Avalanche’s (AVAX) native governance token for TraderJoe (JOE), which is the leading decentralized exchange (DEX) housed on Avalanche.
“Considering the surge in AVAX-based meme coins and the significant liquidity pool (LP) staking incentives being introduced, JOE remains one of my top recommendations at present.”
Analyzing the price chart, Kaleo predicts JOE’s value could rise to about $3.50 by April. Currently, JOE is traded at $0.92, showing an increase of 10.5% from 24 hours ago.
Finally, the expert shows a bullish outlook on BNB, the flagship currency of the premier global cryptocurrency exchange. By examining the BNB/BTC pair, he supports his bullish prediction.
“Full acceleration is expected for BNB/BTC shortly.”
His chart interpretation suggests a bullish configuration for BNB/BTC, with a trajectory potentially leading to a 0.0102 BTC valuation ($710).
At this moment, BNB/BTC trades at 0.008496 BTC ($591), with a minor downtrend in the last day.
Never miss an update – Subscribe to get direct email notifications.
Learn more about Price Action.
Stay in touch on Twitter, Facebook, and Telegram.
Check out The Daily Hodl Mix.
Disclaimer: The opinions expressed at The Daily Hodl are not financial advice. Prior to making high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors should perform due diligence. Be aware that you carry the risk of any transfer or trade you conduct, and any losses incurred are your responsibility. The Daily Hodl does not advocate for buying or selling cryptocurrencies or digital assets, nor does it act as an investment advisor. It’s worth noting that The Daily Hodl partakes in affiliate marketing.
Featured Image: Shutterstock/Digital Store/KWstudio
Source link
#Crypto #Trader #Predicts #Parabolic #Rally #Decentralized #Video #Streaming #Altcoin #Heres #Target
