A prominent crypto trader, known as Bluntztellshis, has expressed strong optimism towards an Ethereum rival, Near Protocol (NEAR). Bluntztellshis, who has a following of 300,000 on the social media platform X, stated that “there’s a god candle loading” for NEAR, referring to a significant price surge.
NEAR is currently trading at $6.70. It is ranked 24th in terms of market capitalization and has experienced a nearly 9.5% increase in the past 24 hours and over 22% in the past week. Bluntztellshis is also bullish on the altcoin sector as a whole, stating that “alts” (alternative cryptocurrencies) are performing well and will likely see significant gains once Bitcoin (BTC) gains momentum.
In addition to NEAR, Bluntztellshis also made predictions about Dogecoin (DOGE). He shared a chart suggesting that DOGE could surpass $1 before completing its five-wave rally. According to Bluntztellshis, DOGE has been in an upwards sideways running flat correction for two weeks, but he believes its parabolic growth has just begun and expects it to reach a minimum of $1 before any profit-taking.
Bluntztellshis follows the Elliott Wave theory, which suggests that bullish assets go through five-wave surges followed by corrective periods. Waves one, three, and five are upward bursts, while waves two and four are corrective phases.
DOGE is currently trading around $0.40 and has seen a nearly 4.5% increase in the past day. However, it’s important to note that the opinions expressed by Bluntztellshis and the information provided are not investment advice. Investors should conduct their own research and exercise caution when making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at the investor’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is it an investment advisor.
