The cryptocurrency market has entered a new phase with Bitcoin breaking $ 100,000. While the altcoin market is also mobilising, investors and traders are looking for tokens with high potential. An analyst with the title Master Trader says that an Ethereum-based altcoin is ready to take the stage. The analyst also predicts strong moves for two altcoin prices.
The analyst predicts an explosive move for this altcoin prices!
As you follow from Kriptokoin.com, the market is celebrating Bitcoin’s surpassing $ 100,000. This move of the leading cryptocurrency has given a new impetus to the market. Ethereum-based decentralised oracle Chainlink (LINK) is poised to hit an all-time high with a five-wave rally, says the analyst nicknamed Bluntz. According to his chart, the analyst predicts that LINK will explode to a new record high of $ 70. In this context, Bluntz says:
There was a big breakout in LINK today, all you have to do is take a look at LINK/BTC before you realise that you’re probably not too late and you’re still early. It has underperformed just about everything else for the entirety of the bull run and now seems to be playing turbo catch-up. Probably one of the very few coins I can categorise as a dino coin that is not completely vapour.
Bluntz is based on the Elliott Wave theory, a technical analysis approach that states that a bullish asset usually witnesses a five-wave rally. Meanwhile, at the time of writing, the altcoin price was hovering around $ 24.59.
Analyst Ethereum is also bullish on its rival!
Bluntz looks at Near Protocol (NEAR) after LINK. The analyst says he is bullish on his Ethereum rival after overcoming a diagonal resistance in Bitcoin parity (NEAR / BTC). Accordingly, the analyst said, ‘Revenge of the dinosaurs. The NEAR/BTC pair finally broke out,’ he says. Meanwhile, at the time of writing, NEAR was trading at $ 7.73, up about 3% on a daily basis.
‘PEPE has the highest potential among breast coins’
Bluntz also says Solana-based meme coin dogwifhat (WIF) is poised to outperform the broader meme sector. In this context, the analyst shares the following assessment:
The huge base/inverted head and shoulders structure in the US dollar parity that has been going on for more than six months. Daily divergences against Doge and 12-hour bullish divergences against PEPE. If you are playing with memes, you want to outperform DOGE, that should always be the goal.
The opinions and forecasts in the article belong to the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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