A widely followed crypto analyst and trader predicts that an Ethereum (ETH) rival is on the verge of a massive breakout.
The analyst, pseudonymously known as Kaleo tells With its 626,600 followers on the social media platform
“AVAX is about to rip to $100, but you wouldn’t overdo it.”
Avalanche is trading at $43.52 at the time of writing, up almost 4% in the last 24 hours.
Next is the trader turn optimistic about layer 2 scale solution Polygon (MATIC).
“I just watched the MATIC [daily] graph for the first time in a while and damn. It’s about to take it back to the highs, isn’t it?
Looking at his chart, the trader suggests that MATIC is in a bullish trend reversal after reaching the top of a descending trendline.
MATIC is trading at $1.16 at the time of writing, up almost 4% in the last 24 hours.
Finally, the trader say the native assets of the decentralized exchange (DEX) Injective (INJ) have more upside potential.
“INJ is back at the top level and it doesn’t look like it wants to slow down. Send it.”
Looking at his chart, the trader seems to predict that INJ will rise by more than 71% from its current value to $74.
INJ is trading at $43.05 at the time of writing, up more than 9% in the last 24 hours.
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Generated image: DALLE3