NEAR Protocol (NEAR), an Ethereum (ETH) competitor, is gaining significant attention in the cryptocurrency market as it outperforms other digital assets. Industry analyst Bluntz, known for their accurate predictions, believes that NEAR is currently a market leader and expects it to reach fresh all-time highs.
Bluntz, who commands a significant following of 257,300 users on the social media platform X, points out that while most cryptocurrencies are stagnant, NEAR continues to steadily climb. This steady upward trajectory has caught the attention of investors, with NEAR Protocol being hailed as a top-20 altcoin by market cap.
According to Bluntz’s analysis using the Elliott Wave theory, NEAR is currently in a five-wave pattern that commenced in mid-April. Should this pattern continue, the analyst predicts that NEAR’s first target could be above $10, representing a potential 40% surge from its current level of $7.15.
In addition to NEAR, Bluntz also highlights Bitcoin’s bullish potential. Based on the analyst’s chart, Bitcoin has formed a bullish divergence on the one-hour chart. This occurrence suggests a reversal in Bitcoin’s price trend, with a potential for new all-time highs in the coming weeks.
However, it’s important to note that investing in cryptocurrencies involves risks, and investors should conduct thorough research and due diligence before making any high-risk investments. The Daily Hodl recommends caution and reminds readers that any losses incurred from transfers and trades are the individual’s responsibility.
To stay updated on the latest developments in the cryptocurrency market, consider subscribing to email alerts from The Daily Hodl and following their social media channels on X, Facebook, and Telegram.
Disclaimer: The opinions expressed in this article are not investment advice. It is recommended for investors to conduct their own research and consult with financial professionals before making any investment decisions in cryptocurrencies or digital assets. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it serve as an investment advisor.
NEAR Protocol has emerged as a standout performer in the cryptocurrency market, surpassing other digital assets in terms of performance. It has been identified as a top-20 altcoin by market cap, gaining the attention of investors.
In addition to NEAR, industry analyst Bluntz also predicts bullish potential for Bitcoin. Bluntz’s analysis using the Elliott Wave theory suggests that NEAR is currently in a five-wave pattern, which could lead to a potential surge above $10, representing a 40% increase from its current level.
It is worth noting that investing in cryptocurrencies carries risks, and investors should exercise caution and conduct proper research before making high-risk investments. The Daily Hodl emphasizes the importance of personal responsibility and due diligence in managing any potential losses incurred from transfers and trades.
As for market trends, the cryptocurrency market is known for its volatility. It is essential for investors to stay informed about the latest developments in the industry. Subscribing to email alerts from The Daily Hodl and following their social media channels can provide valuable updates on the cryptocurrency market.
However, it’s important to remember that the opinions expressed in the article are not investment advice. It is always recommended for investors to conduct their own research and consult with financial professionals before making any investment decisions in cryptocurrencies or digital assets.
For more information, you can stay updated on the latest developments by subscribing to email alerts from The Daily Hodl and following their social media channels on X, Facebook, and Telegram.