A widely known crypto strategist is predicting a massive breakthrough for one decentralized finance (DeFi) low-cost altcoin.
The Crypto Dog, an anonymous analyst, told his 810,200 followers on social media platform X that Synapse (SYN), a protocol that enables secure cross-chain communication, could soar by more than 75% from its current value.
“I think I can see a dollar…
It went down 10% and came back to the breakout level. I bought again. synonym“
Synapse is trading at $0.566 at the time of writing, down 12.82% in the last 24 hours. This cross-chain network project was launched in August 2021 and is compatible with most other Layer 1 and Layer 2.
The analyst then turned bullish on Ethereum (ETH) competitor Fantom (FTM), saying there is a possibility of a breakout of the downtrend line on the hourly chart.
“I think it will be a charming break FTM… I started the position in FTM.”
At the time of writing, Fantom is trading at $0.38, up slightly over the last 24 hours.
Finally, the analyst said that the underlying asset of stablecoin-focused decentralized exchange Curve DAO (CRV) may be showing signs of a rebound following the rally.
“It will probably drop $0.318 to buy CRV.”
At the time of writing, CRV is trading at $0.30, down more than 1% in the last 24 hours.
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