A market analyst renowned for his insights into cryptocurrency trends has identified three alternative digital currencies (altcoins) that are poised for an imminent surge. Kaleo, a pseudonym for the crypto expert, has broadcasted his projections over a social media platform, singling out a crypto initiative called ORDI. This project intends to incorporate non-fungible token (NFT) functionality into the Bitcoin network and has caught Kaleo’s interest due to its potential for growth.
Rise in ORDI Token Anticipated
Kaleo’s technical analysis suggests ORDI is set to embark on an upward trajectory after breaking past key resistance levels. He recently voiced confidence in ORDI’s potential for recovery rooted in Bitcoin’s robust performance, speculating that sequence numbers could significantly impact this cycle. The analyst anticipates ORDI to return to its historical peak of $130.
Turning his attention to Avalanche (AVAX), a smart contract platform, Kaleo predicts a milestone price target for the year. AVAX, according to Kaleo, is on the verge of surpassing the $50 mark following a decisive resistance breach.
Uptrend Forecast for RUNE
Despite a recent 5% decline in value, AVAX is trading above the resistance level identified by Kaleo. In addition, Kaleo has spotlighted THORChain’s native token (RUNE), noting its bullish trend against Bitcoin. He predicts a significant rise for the RUNE/BTC pair, potentially reaching highs around 0.00049807 BTC, equivalent to $24.64.
At the time the news article was crafted, the RUNE/BTC trading pair stood at 0.00010475 BTC, equating to approximately $5.18. Kaleo’s analysis has generated buzz among investors, who are watching these altcoins closely for the expected upward movements.