A well-liked crypto analyst believes Ethereum (ETH), Bitcoin (BTC) and one altcoin are about to blast off and depart the latest market-wide hunch within the mud.
The pseudonymous crypto strategist and dealer Kaleo tells his 454,000 Twitter followers that ETH’s time to shine has arrived because the “king” of the layer-1 blockchain protocols.
The analyst says,
“ETH is so bullish after the newest flush it’s not even humorous.
We’ve seen a significant rotation play among the many alt [Layer-1s] the previous few months.
It solely is sensible that the king of the L1s lastly has an opportunity to suck liquidity from the remainder of the market and have a run of its personal.”
Ethereum is about even on the day, buying and selling for $4,346 at time of writing.
Kaleo subsequent seems at Bitcoin and says he nonetheless believes the highest crypto will attain at the very least $100,000 throughout the present cycle.
“I’ve stated it earlier than and I’ll say it once more – I nonetheless count on to see Bitcoin have a parabolic transfer to prime out at $100K+ this cycle.
I’ll gladly begin scaling out round $150K. I count on it to go larger, however I’m not involved with nailing the highest. Until then, simply hold stacking.”
BTC at the moment sits at $50,900 after having battled again from a flash-crash low across the $43,500 stage on December third.
Lastly, the crypto analyst lays out his price prediction for the Terra (LUNA) protocol, whose native token LUNA underpins a collection of decentralized stablecoins.
Kaleo tells his followers that Terra reaching the $100 threshold is inevitable.
“LUNA going to $100 from here is only a matter of time.”
LUNA has seen some wild price motion in latest days, with the altcoin tumbling from $69.66 to $53.64 late final week earlier than surging to $77.37 on Sunday.
The Tenth-ranked crypto has since corrected however is again up 5% on the day to $70.74.
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