Trader Predicts Growth for Near Protocol

CoinMarketCap
2024-11-29

You can also read this news on BH NEWS: Trader Predicts Growth for Near Protocol

A well-known crypto trader has shared an optimistic forecast for Near Protocol (NEAR), positioning it as a strong rival to Ethereum (ETH). On the social media platform X, the trader, who goes by Bluntz, informed his 300,000 followers that a “god candle” is anticipated for the layer-1 blockchain.

What is the Current Status of NEAR Protocol?

Currently, NEAR Protocol is priced at $6.70 and holds the 24th spot in market capitalization. The cryptocurrency has experienced a notable rise of approximately 9.5% in the last day and an impressive 22% increase over the past week.

Are Altcoins Set for a Surge?

Bluntz remains bullish about the overall altcoin market, stating that many altcoins are showing strong performance. He expects that as Bitcoin (BTC) rises, a number of altcoins will experience significant growth this week.

Key Takeaways:

  • NEAR Protocol is currently trading at $6.70.
  • It has seen a 9.5% increase in the last 24 hours.
  • Bluntz anticipates a breakout for the USD and BTC pairs.
  • Dogecoin (DOGE) is expected to conclude its correction phase soon, potentially surpassing $1.

Overall, there is a bright outlook for NEAR Protocol and other altcoins like DOGE in the cryptocurrency landscape. Traders are encouraged to follow Bluntz’s insights to navigate the market effectively.

Continue Reading: Trader Predicts Growth for Near Protocol

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