A widely followed cryptocurrency analyst and trader is predicting that one under-the-radar altcoin will nearly triple in value.<\/p>\n
The analyst pseudonymously known as Kaleo tells<\/a> his 612,400 followers on the social media platform X that scaling platform Celer Network (CELR<\/a>) could break out from an enduring accumulation phase.<\/p>\n \u201cThe DOT (Polkadot) ecosystem is ripping across the board. Grabbed a bag of CELR to get some exposure. Looking for a squeeze out of this base range it\u2019s been accumulating in since spring of 2022, similar to the move it had in early 2021.\u201d<\/em><\/p>\n Looking at his chart, the trader suggests that CELR could soon soar to around $0.0700.<\/p>\n CELR is trading for $0.02336 at time of writing, down nearly 1% in the last 24 hours.<\/p>\n As for the entire crypto market, Kaleo is predicting<\/a> a bullish 2024 for the asset class as Bitcoin\u2019s (BTC<\/a>) strong rally this year appears to have inspired the strong performance of many altcoins as of late.<\/p>\n \u201cSolana [above] $100.<\/em><\/p>\n Avalanche approaching $50. <\/em><\/p>\n Bitcoin approaching $50,000. <\/em><\/p>\n Alts starting to move again across the board. <\/em><\/p>\n Memecoins printing. <\/em><\/p>\n NFTs (non-fungible tokens) waking up. <\/em><\/p>\n And it\u2019s still four months until the [Bitcoin] halving. <\/em><\/p>\n Holy sh*t 2024 is going to be insane.\u201d<\/em><\/p>\n The halving, which slashes BTC miners\u2019 rewards in half, is slated for April 2024.<\/p>\n The trader also predicts<\/a> an imminent move to the upside for decentralized oracle provider Chainlink (LINK<\/a>) after a period of consolidation.<\/p>\n \u201cLINK is overdue for another leg up.\u201d <\/em><\/p>\n Chainlink is trading for $15.66 at time of writing, up 1.8% in the last 24 hours.<\/p>\n Lastly, the trader predicts<\/a> that the decentralized exchange protocol THORChain (RUNE<\/a>) will soar past $8.<\/p>\n \u201cRUNE is finally waking up.\u201d<\/em><\/p>\n RUNE is trading for $5.74 at time of writing, down over 5% in the last 24 hours but still above the trader\u2019s diagonal resistance.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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