Ethereum
Crypto Analyst Says Ethereum Competitor To Rise Higher, Predicts Outlook On Dogecoin And Another ETH Rival
Closely followed crypto analyst predicts an Ethereum (ETH) competitor is poised for massive breakthrough against Bitcoin (BTC).
Pseudonymous trader Kaleo tell its 638,000 followers on social media platformAVAX) could soar against BTC by more than 84% compared to its current value.
“AVAX/BTC: I may be crazy, bros, but I still believe AVAX goes higher from here.”
Source: Kaléo/X
Looking at his chart, the analyst suggests that AVAX/BTC is printing a bullish flag on the daily chart and could soon reach 0.000950 BTC ($62.13).
AVAX/BTC is trading at 0.000515 BTC ($33.89) at the time of writing, down more than 3% in the last 24 hours.
Then the analyst predicted ETH competitor Solana is about to surge against Bitcoin (GROUND/BTC) after printing a bullish trend on the daily chart of high prices and higher lows.
He believes SOL/BTC could cross the 0.0032 BTC ($209) level soon.
“SOL/BTC: Solana is still one of the most obvious long-term plays. Don’t fight the force.
Source: Kaléo/X
SOL/BTC is trading at 0.00243 BTC ($160) at the time of writing, up more than 3% in the last 24 hours.
Finally, the analyst predicted this Dogecoin (DOGE) will break out based on a 2021 pattern when memecoin rallied after booming meme stock GameStop (GME) hit a market high. GME saw a massive rally this week, but has since retraced.
“I’ll make things simple for you. Here is a chart of Dogecoin versus GME. You may not remember, but it was GameStop that led the way in early 2021. Only after reaching its peak did DOGE start to send. Dogecoin is overdue for a good pump. It’s almost time.
Source: Kaléo/X
DOGE is trading at $0.15 at the time of writing, up slightly over the past 24 hours.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/your/dTosh