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Home»ALTCOIN NEWS»Trader Predicts 75% Surge in Low-Price Altcoins, Turns Bullish on Fantom and One DeFi Crypto Asset
ALTCOIN NEWS

Trader Predicts 75% Surge in Low-Price Altcoins, Turns Bullish on Fantom and One DeFi Crypto Asset

By Crypto FlexsAugust 21, 20242 Mins Read
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Trader Predicts 75% Surge in Low-Price Altcoins, Turns Bullish on Fantom and One DeFi Crypto Asset
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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“

Source: The Crypto Dog/X

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.”

video
Source: The Crypto Dog/X

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.”

video
Source: The Crypto Dog/X

At the time of writing, CRV is trading at $0.30, down more than 1% in the last 24 hours.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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