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A widely followed crypto analyst says that altcoins appear primed to skyrocket over the weekend.
In a new strategy session, pseudonymous crypto trader Bluntz tells his 299,900 followers on the social media platform X that altcoin/Bitcoin (BTC) pairs are flashing bullish signals.
“Best case here is BTC goes sideways for a week and alts pop off in turns over the weekend. Many alt/Bitcoin charts are indicating this is a likely scenario.”
Bluntz goes on to name prominent layer-1 blockchains – including Ethereum (ETH), BNB Chain (BNB) and Sei (SEI) – that are positioned to take advantage of Bitcoin’s sideways action.
“Should be a good weekend for layer-1s. SEI, NEAR, INJ, BNB, hell even ETH all look good in USD and more importantly BTC pairs.”
According to the strategist, Near Protocol (NEAR) skyrocketing is “imminent.”
“Not only has [the] NEAR/USD pair already broken out but NEAR/BTC breaking out now too. The sending is imminent.”
NEAR is trading for $6.87 at time of writing, a 1% increase during the last 24 hours.
Other digital assets that Bluntz says are on the cusp of a breakout include popular meme asset Dogecoin (DOGE) and decentralized exchange (DEX) platform Jupiter (JUP). According to Bluntz, Jupiter should hit a new all-time high this cycle.
“Even despite being up 100% from the lows, JUP looks like it’s been accumulating for six months and the real mark up phase hasn’t even really begun. No doubt in my mind this sees fresh all-time highs before this cycle is done in my opinion. Many SOL [ecosystem] coins look similar.”
JUP is trading for $0.00087 at time of writing, a 9.1% decrease on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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