Seasoned Trader Anticipates NEAR Protocol to Experience Rapid Growth, Forecasts Positive Crypto Market Recovery
In a compelling market analysis, a veteran crypto trader suggests that NEAR Protocol (NEAR), an Ethereum (ETH) competitor, is poised for a significant surge. The trader, known as Bluntz, shared a chart on the social media platform X, which indicates the potential for NEAR to surpass the $10.50 range. At present, NEAR is valued at $6.67, showing a nearly 7% increase in the last 24 hours and ranking as the 23rd-largest cryptocurrency by market capitalization.
Bluntz has also identified three Solana (SOL)-based ecosystem altcoins as the “holy trinity.” These include Pyth Network (PYTH), an oracle solution, Jito (JTO), a decentralized finance (DeFi) protocol, and Jupiter (JUP), a decentralized exchange (DEX) aggregator. The trader expresses strong optimism about the potential of all three assets.
PYTH is currently trading at $0.877, showing a more than 4% increase in the past day with a market cap ranking of 89th. JTO, the 159th-ranked cryptocurrency, has experienced a notable surge of over 19%, reaching a value of $5.11. Similarly, JUP has witnessed substantial gains, rising by over 11% in the past 24 hours to reach $1.68, and securing a position as the 55th-ranked crypto asset.
Anticipating a broader market rebound, Bluntz emphasizes the absence of upward price movements in the weekly, monthly, and quarterly candles. The trader predicts significant growth once excessive speculation is eliminated and the market stabilizes. This forecast aligns with predictions of a positive recovery in the crypto industry.
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