The pseudonymous Kaleo, a leading analyst in the crypto-currency space, has predicted that two of them could experience a massive rally. Bullish predictions are made when markets move sideways without price fluctuations.
Markets remain shaky as the calls for recession and financial crisis grow louder. Bitcoin wants to reach the $60,000 level, but market forces are pushing it backwards.
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In the midst of all this economic stress, Kaleo He told his 647,000 subscribers that two crypto currencies could perform better than the market.
According to the expert, investors could benefit from taking a position right now. According to Kaleo’s analysis, the article highlights two crypto currencies that are likely to rally and bring profits.
Analyst: 2 Cryptocurrencies could head north
1. Ethereum (ETH)
Kaleo predicts that the second largest economy in the world will be in Asia. Ethereum Could march up and close in on its record high of $4 878. Ethereum’s ATH was in November 2021, and it never regained its former glory.
Analysts predict that Ethereum will reach new highs of 4,400 dollars per year. It’s only a few hundred bucks short of its ATH. This analyst posted a chart that showed Ethereum had risen above its low bounds.
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2. Solana (SOL)
Kaleo has also expressed a bullish outlook on the second cryptocurrency. Solana. He provided a chart that forecasted Solana reaching the $400 level, which would result in huge gains for investors.
Solana currently trades at $134. A spike indicates that the stock will rise 200%. A $1,000 investment could be worth $3,000 if this forecast is correct.
But cryptocurrencies are linked to the world’s financial markets. A downturn in those markets could result in losses.
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It is not guaranteed that Ethereum or Solana will ever reach the $4,400 mark and $400 respectively. Before investing in any cryptocurrency, it is recommended to conduct thorough research.
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Source: watcher.guru
