A prominent crypto trader expressed positive expectations for Near Protocol (NEAR), a competitor to Ethereum (ETH) $3,892. 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.”
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 $0.440797 (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.