An experienced cryptocurrency trader believes one rival to Ethereum (ETH) is set to "turbo send."
On the social media site X, Bluntz—a pseudonymous digital asset analyst—shares a chart with his 253,100 followers that suggests the smart contract platform NEAR Protocol (NEAR) may surpass the $10.50 level.
As of this writing, NEAR is selling for $6.67. By market capitalization, the cryptocurrency asset placed 23rd is up almost 7% in the last day.
The decentralized finance (DeFi) protocol Jito (JTO), the decentralized exchange (DEX) aggregator Jupiter (JUP), and the oracle solution Pyth Network (PYTH) are referred to by Bluntz as "the holy trinity" among altcoins based on the Solana (SOL) ecosystem. According to the analyst, all three "look amazing" right now.
As of this writing, PYTH is selling for $0.877. By market capitalization, the cryptocurrency asset ranked 89th is up almost 4% over the last day.
The 159th-ranked cryptocurrency asset, JTO, is up more than 19% over the last day and is presently trading at $5.11.
As of writing, JUP is trading at $1.68. The cryptocurrency asset rated 55th has also experienced significant growth recently, rising by more over 11% in the last day.
Bluntz anticipates a general market recovery as well.
"The weekly, monthly, and quarterly candles do not have upwicks. Once enough of the degens are flushed out, we're going to run it back really hard.
April 2024, Cryptoniteuae