A widely followed crypto analyst says altcoins appear poised to skyrocket this weekend.
In a new strategy session, pseudonymous crypto trader Bluntz tells His 299,900 followers on social media platform X indicate that altcoin/Bitcoin (BTC) pairs are giving bullish signals.
“The best case here is that BTC goes sideways for a week and the alts take turns disappearing over the weekend. Many alt/Bitcoin charts indicate this is a likely scenario.”
Bluntz then names prominent layer 1 blockchains – including Ethereum (ETH), BNB Chain (BNB) and Sei (SEI) – that are positioned to benefit from Bitcoin’s sideways action.
“It should be a good weekend for low-1s. SEI, NEAR, INJ, BNB, even ETH all look good in USD and more importantly BTC pairs.”
According to the strategist, Near Protocol (NEAR) skyrocketing is ‘imminent’.
“Not alone [the] The NEAR/USD pair has already broken out, but the NEAR/BTC pair has now also broken out. Shipping is imminent.”
NEAR is trading at $6.87 at the time of writing, up 1% over the last 24 hours.
Other digital assets Bluntz say are on the verge of one outbreak include the popular meme asset Dogecoin (DOGE) and the decentralized exchange platform (DEX) Jupiter (JUP). According to Bluntz, Jupiter should hit a new all-time record this cycle.
“Despite being up 100% from the low, it looks like JUP has been building for six months and the real mark-up phase hasn’t even really started yet. I think this will undoubtedly set new all-time highs in my opinion before this cycle is over. Lots of SOL [ecosystem] coins look alike.”
JUP is trading at $0.00087 at the time of writing, down 9.1% on the day.
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Generated image: Midjourney