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COINTURK NEWS > Altcoin News > Crypto Trader Shares Positive Outlook on Near Protocol
Altcoin News

Crypto Trader Shares Positive Outlook on Near Protocol

In Brief

  • Bluntz predicts positive movements for Near Protocol and Dogecoin.

  • NEAR has shown significant price increases recently.

  • Dogecoin may rise above $1 according to Elliott Wave theory.

İlayda Peker
İlayda Peker 2 years ago
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A prominent crypto trader expressed positive expectations for Near Protocol (NEAR), a competitor to Ethereum (ETH) $2,475. On the social media platform X, the analyst known as Bluntz shared with his 300,000 followers that “a ‘god candle’ is loading for the layer-1 blockchain project Near Protocol.”

Contents
Overall Altcoin OutlookFuture of Dogecoin

Overall Altcoin Outlook

At the time of writing, NEAR Protocol trades at $6.70. This cryptocurrency, ranked 24th by market capitalization, has seen an approximate increase of 9.5% in the last 24 hours and 22% on a weekly basis.

Bluntz maintains an optimistic view on the overall altcoin sector. He stated, “Altcoins have been performing quite well lately. With the rise of BTC, I expect significant increases in many altcoins this week.”

Bluntz: “The USD pair is testing a major breakout again, and the BTC pair is on the verge of overcoming a significant downtrend.”

Future of Dogecoin

The analyst predicted that Dogecoin $0.089597 (DOGE) would soon conclude its correction phase. Utilizing Elliott Wave theory, Bluntz suggested that DOGE could trade above $1.

Bluntz: “I believe the current wave four of DOGE has ended. I expect it won’t realize profits until it reaches at least $1.”

In conclusion, there are positive expectations for altcoins such as NEAR Protocol and DOGE in the crypto market. Traders can evaluate market movements by following Bluntz’s analyses.

You can follow our news on X, Telegram, Facebook & Coinmarketcap

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İlayda Peker 28 November, 2024 - 10:14 pm 28 November, 2024 - 10:14 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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