A widely followed cryptocurrency analyst and trader predicts that an under-the-radar altcoin will nearly triple in value.
The analyst, pseudonymously known as Kaleo tells With its 612,400 followers on the social media platform
“The DOT (Polkadot) ecosystem is torn across the board. I grabbed a bag of CELR to get some exposure. Looking for an outflow from this base range where it has been accumulating since spring 2022, similar to the move it made in early 2021.”
Looking at his chart, the trader suggests that CELR could soon rise to around $0.0700.
CELR is trading at $0.02336 at the time of writing, down almost 1% in the last 24 hours.
As far as the entire crypto market is concerned, Kaleo is to predict a bullish 2024 for the asset class, as Bitcoin’s (BTC) strong rally this year appears to have inspired the strong performance of many altcoins of late.
“Solana [above] $100.
Avalanche approaching $50.
Bitcoin is approaching $50,000.
Alts are starting to move across the board again.
Print memo coins.
NFTs (non-fungible tokens) are waking up.
And it’s still four months until the [Bitcoin] halve.
Holy sh*t 2024 is going to be insane.”
The halving, which halves BTC miners’ rewards, is scheduled for April 2024.
The trader too predicts an impending move up for decentralized oracle provider Chainlink (LINK) after a period of consolidation.
“LINK is too late for a new step up.”
Chainlink is trading at $15.66 at the time of writing, up 1.8% in the last 24 hours.
Finally, the trader predicts that the decentralized exchange protocol THORChain (RUNE) will soar past $8.
“RUNE finally wakes up.”
RUNE is trading at $5.74 at the time of writing, down more than 5% in the last 24 hours, but still above trader diagonal resistance.
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Generated image: Midjourney