A closely followed crypto strategist said that an Ethereum (ETH) competitor is poised to hit an all-time high in the coming weeks.
Analyst alias Altcoin Sherpa told his 173,400 Twitter followers that he expects Ethereum rival NEAR to continue its uptrend towards a new record high. Here’s why the analyst predicted a new rally on the decentralized application platform Near (NEAR) announced:
“NEAR: I think this will break the all-time high in a few weeks. I’m still in a good position for that.”
At the time of writing, Near is trading at $17.42, one resistance away from hitting an all-time high based on the chart of Altcoin Sherpa.
Another crypto the analyst is following is Binance Coin (BNB), a subsidiary token of global crypto exchange Binance. According to altcoin Sherpa, BNB will explode after breaking the critical resistance at $509.
“BNB: I think this is going to explode upwards after breaking out of this range. Sounds like accumulation to me.”
The last token on Trader’s radar is STEPN (GMT), a project that promotes health and wellness by rewarding users for participating in outdoor activities. Altcoin Sherpa says he expects GMT to resume its uptrend after breaking the $3.13 resistance.
“GMT: I think waiting for a retest of all-time high is a safer entry than buying from here. However, huge breakout (I’m waiting) after a few weeks of consolidation. I am a fan of this project and an investor.”
Looking at the chart he shared, it seems that Altcoin Sherpa expects GMT to climb up to $4.25. This represents an upside potential of about 20% from the coin’s current value of $3.55.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.