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Home»ALTCOIN NEWS»Top Analyst Predicts New All-Time Highs for DeFi Altcoins, Says Layer 1 Coins Are Heating Up
ALTCOIN NEWS

Top Analyst Predicts New All-Time Highs for DeFi Altcoins, Says Layer 1 Coins Are Heating Up

By Crypto FlexsJanuary 1, 20242 Mins Read
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Top Analyst Predicts New All-Time Highs for DeFi Altcoins, Says Layer 1 Coins Are Heating Up
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The trader who correctly called Bitcoin (BTC)’s 2018 market bottom is predicting a new all-time high for one decentralized exchange (DEX) altcoin.

Household analyst Bluntz told his 234,000 followers on social media platform

Traders often watch bullish divergences closely as they can signal the end of a corrective move.

Bluntz shares a chart that suggests INJ is poised to rise to an all-time high of $47.

“INJ is something I have been trying to get involved with for a while and it has only continued to gain popularity.

Finally, it fell almost 25% and this is where the bullish divergence that we have been seeing for 4 hours was confirmed.”

source: Blunts/X

As of this writing, INJ is trading at $36.30, down over 2% over the past day.

Bluntz is also following the price movements of four layer 1 crypto projects and believes their underlying assets are poised for: ignite Over the next bridge.

“It looks like all layer 1 is heating up again.

G, AVAX, SIX, SUI.”

Taking a closer look at Sui (SUI), analysts predict that the altcoin could surge more than 28% from its current price.

“SUI is gearing up for the next leg up to $1+. In my opinion, this is a great opportunity to invest for the long term.”

video
source: Blunts/X

As of this writing, SUI is worth $0.78.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/SensVector/Philipp Tur

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