A well-known crypto trader has shared an optimistic forecast for Near Protocol (NEAR), positioning it as a strong rival to Ethereum (ETH). On the social media platform X, the trader, who goes by Bluntz, informed his 300,000 followers that a “god candle” is anticipated for the layer-1 blockchain.
What is the Current Status of NEAR Protocol?
Currently, NEAR Protocol is priced at $6.70 and holds the 24th spot in market capitalization. The cryptocurrency has experienced a notable rise of approximately 9.5% in the last day and an impressive 22% increase over the past week.
Are Altcoins Set for a Surge?
Bluntz remains bullish about the overall altcoin market, stating that many altcoins are showing strong performance. He expects that as Bitcoin (BTC) rises, a number of altcoins will experience significant growth this week.
Key Takeaways:
- NEAR Protocol is currently trading at $6.70.
- It has seen a 9.5% increase in the last 24 hours.
- Bluntz anticipates a breakout for the USD and BTC pairs.
- Dogecoin (DOGE) is expected to conclude its correction phase soon, potentially surpassing $1.
Overall, there is a bright outlook for NEAR Protocol and other altcoins like DOGE in the cryptocurrency landscape. Traders are encouraged to follow Bluntz’s insights to navigate the market effectively.