Altcoin

Trader Predicts 75% Rise for Low-Cap Altcoin, Flips Bullish on Fantom and One DeFi Crypto Asset

Published

1 year ago

August 21, 2024

A extensively adopted crypto strategist is predicting an enormous breakout for one decentralized finance (DeFi) low-cap altcoin.

Pseudonymous analyst The Crypto Canine tells Based on its 810,200 followers on the social media platform

“Assume it might see $1…

10% dip again to breakout degree. I purchased once more SYN.“

Synapse is buying and selling at $0.566 on the time of writing, down 12.82% within the final 24 hours. The cross-chain community undertaking was launched in August 2021 and is appropriate with most different layer 1s and layer 2s.

Then the analyst say that he’s bullish on Ethereum (ETH) rival Fantom (FTM), indicating {that a} break of a descending trendline on the hourly chart may very well be forming.

“Could be a lovely break for FTM… Began place in FTM.”

Fantom is buying and selling at $0.38 on the time of writing, up barely within the final 24 hours.

Lastly, the analyst say that native belongings for stablecoin-focused decentralized alternate Curve DAO (CRV) could also be gearing up for a rebound after retracement.

“In all probability the dip to purchase CRV at $0.318.”

CRV is buying and selling at $0.30 on the time of writing, down greater than 1% within the final 24 hours.

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