In the cryptocurrency market, closely followed analyst The Crypto Dog predicted a significant rise for a low market cap altcoin in the decentralized finance (DeFi) sector. The analyst also made bullish comments for two leading altcoins, Fantom (FTM) and Curve DAO (CRV).
Expects Over 75% Rise in Synapse
Anonymous cryptocurrency analyst The Crypto Dog suggested to his followers on social media platform X that the Synapse (SYN) altcoin could rise over 75% from its current price.
For those unfamiliar, Synapse is known as a protocol developed to provide secure cross-blockchain communication. The Crypto Dog stated that SYN’s price is around $0.566, saying, “It could see $1… It returned to the breakout level with a 10% price pullback. I bought SYN again.”
Synapse is currently trading at $0.566 and has lost 12.82% in value over the past 24 hours. Launched in August 2021, this cross-blockchain network project can work compatibly with most Layer-1 and Layer-2 networks.
Analyst Predicts Rise for Fantom and Curve DAO
Besides Synapse, The Crypto Dog also shared positive views about Fantom’s FTM, a competitor to Ethereum. The analyst noted that the descending trend line on the hourly chart is about to break, expecting a rise for the altcoin and added, “It could be an attractive breakout for FTM… I opened a position in FTM.”
Lastly, the analyst predicted a positive scenario for the stablecoin-focused decentralized exchange Curve DAO (CRV). He stated that CRV could rise after pulling back to the $0.318 level, saying, “This dip is probably a buying opportunity for CRV.” CRV is currently trading at $0.30, having lost over 1% in value in the past 24 hours.
