Experienced crypto analyst Bluntz has made a bullish prediction for the smart contract platform NEAR Protocol (#NEAR ), which is seen as a potential competitor to Ethereum (ETH). The analyst also noted his expectation for a significant rise in three Solana (SOL) based altcoins, which he refers to as the "holy trinity."
Four Altcoins Expected to Rally
The popular analyst known as Bluntz in the crypto world shared his views with followers on social media platform X, suggesting that NEAR could potentially surpass the $10.50 range and experience a significant rise. Currently trading at $6.74, NEAR has shown a notable increase of about 3% in the last 24 hours.
Bluntz also drew attention to a trio of Solana-based ecosystem altcoins, referring to them as the "holy trinity." This includes Pyth Network (PYTH), an oracle solution, Jito (JTO), a decentralized finance (DeFi) protocol, and Jupiter (JUP), a decentralized exchange (DEX) aggregator. According to Bluntz, all three altcoins are trading with promising potential and are currently poised for growth.
Ranked 89th by market value, PYTH is trading at $0.8152, down 2.34% in the last 24 hours. JTO, ranked 159th, has seen a decrease of over 19% in the last 24 hours, trading at $3.95. JUP, ranked 55th, is trading at $1.35, down 12.24% in the last 24 hours.
Forecasts a General Market Recovery
In addition to specific altcoin analyses, Bluntz also expressed his optimism for a general market recovery. He noted that there is no uptrend in the candles burned in weekly, monthly, or three-month time frames and expects the market to recover after the cessation of speculative trading tendencies.
This thought is particularly significant as it points to an expectation of a renewed upward cycle, especially when market participants are gripped by fear and making panic sales in the face of ongoing price fluctuations.