A broadly adopted cryptocurrency analyst and dealer is predicting that one under-the-radar altcoin will almost triple in worth.
The analyst pseudonymously often called Kaleo tells his 612,400 followers on the social media platform X that scaling platform Celer Community (CELR) might escape from an everlasting accumulation section.
“The DOT (Polkadot) ecosystem is ripping throughout the board. Grabbed a bag of CELR to get some publicity. On the lookout for a squeeze out of this base vary it’s been accumulating in since spring of 2022, just like the transfer it had in early 2021.”
Taking a look at his chart, the dealer means that CELR might quickly soar to round $0.0700.
CELR is buying and selling for $0.02336 at time of writing, down almost 1% within the final 24 hours.
As for the complete crypto market, Kaleo is predicting a bullish 2024 for the asset class as Bitcoin’s (BTC) robust rally this yr seems to have impressed the robust efficiency of many altcoins as of late.
“Solana [above] $100.
Avalanche approaching $50.
Bitcoin approaching $50,000.
Alts beginning to transfer once more throughout the board.
Memecoins printing.
NFTs (non-fungible tokens) waking up.
And it’s nonetheless 4 months till the [Bitcoin] halving.
Holy sh*t 2024 goes to be insane.”
The halving, which slashes BTC miners’ rewards in half, is slated for April 2024.
The dealer additionally predicts an imminent transfer to the upside for decentralized oracle supplier Chainlink (LINK) after a interval of consolidation.
“LINK is overdue for one more leg up.”
Chainlink is buying and selling for $15.66 at time of writing, up 1.8% within the final 24 hours.
Lastly, the dealer predicts that the decentralized alternate protocol THORChain (RUNE) will soar previous $8.
“RUNE is lastly waking up.”
RUNE is buying and selling for $5.74 at time of writing, down over 5% within the final 24 hours however nonetheless above the dealer’s diagonal resistance.
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