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Home»ALTCOIN NEWS»Trader predicts rebound in small-cap altcoins, saying two Ethereum rivals could outperform the cryptocurrency market
ALTCOIN NEWS

Trader predicts rebound in small-cap altcoins, saying two Ethereum rivals could outperform the cryptocurrency market

By Crypto FlexsMay 14, 20242 Mins Read
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Trader predicts rebound in small-cap altcoins, saying two Ethereum rivals could outperform the cryptocurrency market
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A popular cryptocurrency strategist is naming two Ethereum (ETH) challengers he believes will rise faster than the rest of the market as conditions improve.

Household analyst The Crypto Dog told his 776,800 followers on social media platform X that he is long-term bullish on Near (NEAR).

According to the trader, NEAR has been one of the fastest horses this cycle and he Believe The cryptocurrency market will explode immediately if the bid is successful.

“I still believe that taking a NEAR position for several months today is a good move. Lock it and don’t trade it.

NEAR continues its relative strength along with the coin (latching) AI (artificial intelligence) trend. When the market changes, you will perform better.”

As of this writing, NEAR is worth $6.95.

Next, the analyst is also closely watching fellow layer 1 altcoin AIOZ (AIOZ). crypto dog Called He is also willing to hold AIOZ over several months.

“It has been on the rise over the past few months and will likely rise again when the market rebounds. I am taking larger, longer-term positions through retrading.”

As of this writing, AIOZ is trading at $0.778, down nearly 4% over the past day.

The last altcoin on traders’ radar is the gaming-focused cryptocurrency project Xai (XAI). According to analysts, XAI could surge nearly 60% from current levels in the coming weeks.

“I think XAI will be able to send it back to $1 by June, which seems like a good price right now. (I am a person with a heavy bag).”

source: Cryptodoc/X

As of this writing, XAI is worth $0.635.

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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 you will be responsible for any losses you may suffer. 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.

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