One of the most respected crypto-strategists predicts a huge breakout for a low-cap DeFi altcoin.
The Crypto Dog, a pseudonymous analyst on social media, told his 810 200 followers that Synapse, a protocol that aims at enabling secure communication across chains, may rise more than 75% in value from its current level.
The 10% drop back to the breakout level. “I rebought Syn.”
Synapse has fallen 12.82% over the past 24 hours to $0.566. Cross-chain project launched August 2021, compatible with other layers-1 and 2s.
The analyst then says he’s now bullish about Fantom, a rival to Ethereum (ETH). He suggests that a break-out of a descending pattern may be forming in the hourly chart.
Fantom has risen to $0.38 as of the time this article was written, a slight increase in price over the past 24 hours.
The analyst believes that Curve DAO, a decentralized stablecoin exchange, is preparing for a rebound after the retracement.
“Probably a good dip for CRV to purchase at $0.318.”
At the time of this writing, CRV was trading at $0.30. This is down by more than 1% over the past 24 hours.
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The post, Trader Predicts 75% Rise for Low-Cap Altcoins, Flips Bullish Fantom and One Crypto Asset (Trader Predicts 75 percent surge for low-cap altcoins), may change as new information becomes available.
