A cryptocurrency strategist who follows closely believes that one Ethereum (ETH) competitor that is flying under the radar will see a big surge in its market capitalization.
Pseudonymous analyst The Crypto Dog tells his 750,500 followers on social media platform X that smart contract platform Near (NEAR) is currently trading below fair value.
According to cryptocurrency traders, Near has the fundamentals to compete for a spot in the top 10 digital assets by market capitalization list.
“I was targeting ~$3 but I was starting to think NEAR would not go any lower.
It’s still incredibly underrated and a top 10 contender.
It requires strong technology, plenty of capital, a narrative and a bit of retail FOMO (fear of failure). The pump encourages both.”
At the time of this writing, NEAR is the 24th largest cryptocurrency by market capitalization and is trading at $3.75.
His altcoin price target is The Crypto Dog. think That said, NEAR is within the realm of potential upside of over 86% in the coming weeks.
“I don’t know the exact timeline, but I think $7 is a good short-term target.”
Looking at ETH’s rival Solana (SOL), traders believe the cryptocurrency asset has more gas left in the tank after clearing the diagonal resistance.
“I think brush There’s still more to go. Breaking the diagonal would put us in $120.”
As of this writing, SOL is trading at $110.54, well above traders’ diagonal resistance.
Traders turn their attention to Bitcoin Called He believes that while the approval of a spot market BTC exchange-traded fund could increase volatility, any adjustments will be an opportunity for long-term investors to accumulate the best cryptocurrency by market cap.
“The BTC ETF is not the end of a bull market. In case you need to hear it… it’s volatile, and if there’s a big downside, it could be a good opportunity.”
As of this writing, Bitcoin is worth $43,172.
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Featured image: Shutterstock/Elena Abrazhevich/INelson