dailyhodl.com
A widely followed crypto analyst says that altcoins appear primed to skyrocket over the weekend.
In a new strategy session, pseudonymous crypto trader Bluntz tells his 299,900 followers on the social media platform X that altcoin/Bitcoin ($BTC) pairs are flashing bullish signals.
“Best case here is $BTC goes sideways for a week and alts pop off in turns over the weekend. Many alt/Bitcoin charts are indicating this is a likely scenario.”
Bluntz goes on to name prominent layer-1 blockchains – including Ethereum ($ETH), $BNB Chain ($BNB) and Sei ($SEI) – that are positioned to take advantage of Bitcoin’s sideways action.
“Should be a good weekend for layer-1s. $SEI, $NEAR, INJ, $BNB, hell even $ETH all look good in USD and more importantly $BTC pairs.”
According to the strategist, Near Protocol ($NEAR) skyrocketing is “imminent.”
“Not only has [the] $NEAR/USD pair already broken out but $NEAR/$BTC breaking out now too. The sending is imminent.”
$NEAR is trading for $6.87 at time of writing, a 1% increase during the last 24 hours.
Other digital assets that Bluntz says are on the cusp of a breakout include popular meme asset Dogecoin (DOGE) and decentralized exchange (DEX) platform Jupiter ($JUP). According to Bluntz, Jupiter should hit a new all-time high this cycle.
“Even despite being up 100% from the lows, $JUP looks like it’s been accumulating for six months and the real mark up phase hasn’t even really begun. No doubt in my mind this sees fresh all-time highs before this cycle is done in my opinion. Many SOL [ecosystem] coins look similar.”
$JUP is trading for $0.00087 at time of writing, a 9.1% decrease on the day.
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