A New Layer-1 Platform Poised for a Bull Market Run
A well-known crypto strategist has identified a promising layer-1 platform that appears to be mirroring the explosive growth seen in Solana’s 2021 bull market surge.
Similarities to Solana’s Rise
The pseudonymous analyst Kaleo, with a substantial following on social media, has pointed out the striking resemblance between Solana’s price action in 2020-2021 and that of X Sui (SUI) over the past two years.
In 2021, Solana experienced a rapid rally of around 300% within three months after breaking through the $55 resistance level.
Kaleo suggests that SUI is on track to follow a similar trajectory to Solana’s historic performance in 2021. He notes, “SUI looks primed for a move similar to the one SOL made in the Fall of 2021. SUI has been the emerging layer-1 market leader this cycle, similar to what SOL was then. If current structural similarities continue to play out, things are about to get fun.”
According to Kaleo’s analysis, SUI is poised for a significant uptrend, potentially reaching new all-time highs. The current price of SUI stands at $4.04.
Bullish Outlook on Dogecoin and Bitcoin
In addition to SUI, Kaleo is optimistic about the prospects of Dogecoin (DOGE) and Bitcoin.
For Dogecoin, Kaleo shares a chart indicating a potential repetition of its market structure from 2018 to 2021. He comments, “It’s finally time to pay attention again to the king of memes.”
Kaleo predicts that DOGE could reach $3 before the end of 2025, with its current price at $0.239.
As for Bitcoin, Kaleo sees the leading cryptocurrency surging towards $200,000 with minor pullbacks along the way. He declares, “Up only from here fellas.”
At present, Bitcoin is valued at $103,868.
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