A well-known crypto trader has shared an optimistic forecast for Near Protocol (NEAR), positioning it as a strong rival to Ethereum (ETH).
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.
Altcoin Growth: Trader Expectations
The trader, known as Bluntz, remains bullish about the overall altcoin market, stating that many altcoins are showing strong performance. He expects that as Bitcoin rises, a number of altcoins will experience significant growth this week.
Key Takeaways and Outlook
NEAR Protocol is currently trading at $6.70 and has shown significant growth recently. A breakout is anticipated for USD and BTC pairs. Dogecoin is expected to conclude its correction phase and potentially exceed $1, which is also good news for the altcoin market.
The cryptocurrency market, including NEAR Protocol and Dogecoin, shows promising prospects. Traders are closely following Bluntz’s forecasts to effectively navigate the market.
