Experienced Trader Forecasts a Rapid Surge for an Ethereum Competitor, Anticipates a Robust Recovery in the Cryptocurrency Market
2 min read
An experienced cryptocurrency trader anticipates a notable surge for a competitor to Ethereum (ETH), which could be set for a rapid climb.
The crypto analyst who goes by the moniker Bluntz revealed a chart to his 253,100 Twitter followers predicting that NEAR Protocol (NEAR) may see a significant price increase beyond the $10.50 mark.
At the moment of reporting, NEAR is valued at $6.67. Ranked 23rd in terms of market capitalization, the cryptocurrency has risen almost 7% in the last day.
Bluntz also referred to a group of Solana (SOL)-supported altcoins, namely Pyth Network (PYTH), Jito (JTO), and Jupiter (JUP), as “the holy trinity,” stating their current market performance appears impressive.
PYTH is priced at $0.877 currently, having increased over 4% in the past 24 hours. It stands at 89th place by market cap.
JTO is at 159th rank by market cap, and its trading price is now $5.11, marking over 19% growth over the past day.
With JUP trading at $1.68 and holding the 55th position by market cap, it also has experienced significant growth with an 11% increase in the last 24 hours.
Moreover, Bluntz projects a broader market surge to come soon.
“Without any upward wicks on the weekly, monthly, or quarterly candle charts, we’re poised for a powerful rally once the market shakes off the less sturdy speculators.”
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