Top Crypto Strategist Forecasts Massive Rally for Ethereum, Avalanche and One Red Hot Altcoin – Here Are His Goals
A widely followed crypto analyst is predicting epic rallies for a trio of altcoins that include smart contract platforms Ethereum (ETH) and Avalanche (AVAX).
The pseudonymous analyst known in the industry as Kaleo tells his 537,300 Twitter followers that Ethereum is likely to prepare for a massive rally that will see its value rise above $4,000 by July 2023.
“More bullish price action loading soon.”
Looking at the analyst’s chart, Kaleo seems to be predicting a deep correction back to below $2,000 per ETH after the leading smart contract platform reaches its target.
At the time of writing, ETH is trading at $1,608, up 3.5% on the day.
As for Avalanche, Kaleo expects the top Ethereum rival to post a 185% increase towards his $52 target as he believes the coin has ended its multi-month accumulation period.
“Winter is upon us.”
At the time of writing, AVAX is valued at $18.22.
Another coin that Kaleo believes is setting up for a big run is decentralized exchange SushiSwap (SUSHI). According to the analyst, a 174% increase against the target for SUSHI “sounds reasonable”.
“SUSHI capitulated 96% down from its all-time high to its bear market low… A relief back to the $5 range seems quite reasonable.”
At the time of writing, SUSHI is changing hands for $1.82.
As for Bitcoin, Kaleo believes that BTC is poised for a quick rally to $21,600.
“Send it another leg higher with haste.”
At the time of writing, Bitcoin is changing hands for $20,707.
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Featured image: Shutterstock/Tithi Luadthong
