Altcoins are Poised for a Weekend Surge, According to Crypto Analyst
A well-known crypto analyst has predicted that altcoins are set to skyrocket over the upcoming weekend. In a recent strategy session shared on the social media platform X, the pseudonymous trader Bluntz informed his nearly 300,000 followers that altcoin/Bitcoin pairs are showing bullish signals.
Bluntz expressed optimism about the potential for altcoins to surge while Bitcoin remains relatively stable. He specifically mentioned prominent layer-1 blockchains like Ethereum (ETH), BNB Chain (BNB), and Sei (SEI) as being well-positioned to benefit from Bitcoin’s sideways movement.
The analyst highlighted Near Protocol (NEAR) as a cryptocurrency that is on the verge of a significant price increase. According to Bluntz, NEAR’s USD pair has already broken out, and its BTC pair is currently showing signs of a breakout as well. He believes that a surge in price for NEAR is imminent.
At the time of writing, NEAR is trading at $6.87, representing a 1% increase over the past 24 hours. Bluntz also mentioned other digital assets such as Dogecoin (DOGE) and the decentralized exchange platform Jupiter (JUP) as potential breakout candidates. He specifically pointed out that Jupiter is likely to reach a new all-time high during this market cycle.
Despite Jupiter experiencing a 9.1% decrease in price on the day, Bluntz remains confident in its long-term potential. He emphasized that Jupiter has been accumulating for six months and has yet to enter a significant price increase phase. The analyst believes that Jupiter, along with several other coins in the SOL ecosystem, will see fresh all-time highs before the current market cycle concludes.
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In conclusion, altcoins are showing promising signs of a weekend surge, with specific cryptocurrencies like NEAR, DOGE, and JUP poised for significant price increases. As the crypto market continues to evolve, staying informed and monitoring price action can help investors make informed decisions about their portfolios.