Celer Network

<div class="dailyhodl">
 A widely followed cryptocurrency analyst and trader is predicting that one under-the-radar altcoin will n<a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> triple in value.
 The analyst pseudonymously known as Kaleo tells his 612,400 followers on the social media platform X that scaling platform Celer Network (CELR) could break out from an enduring accumulation phase.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “The DOT (Polkadot) ecosystem is ripping across the board. Grabbed a bag of CELR to get some exposure. Looking for a squeeze out of this base range it’s been accumulating in since spring of 2022, similar to the move it had in <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> 2021.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCIPArTW4AAtoUm?format=jpg&amp;name=large" alt="Image" width="1780" height="761">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 Looking at his chart, the trader suggests that CELR could soon soar to around $0.0700.
 CELR is trading for $0.02336 at time of writing, down n<a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> 1% in the last 24 hours.
 As for the entire crypto market, Kaleo is predicting a bullish 2024 for the asset class as Bitcoin’s (BTC) strong rally this year appears to have inspired the strong performance of many altcoins as of late.
 “Solana [above] $100.
 Avalanche approaching $50. 
 Bitcoin approaching $50,000. 
 Alts starting to move again across the board. 
 Memecoins printing. 
 NFTs (non-fungible tokens) waking up. 
 And it’s still four months until the [Bitcoin] halving. 
 Holy sh*t 2024 is going to be insane.”
 The halving, which slashes BTC miners’ rewards in half, is slated for April 2024.
 The trader also predicts an imminent move to the upside for decentralized oracle provider Chainlink (LINK) after a period of consolidation.
 “LINK is overdue for another leg up.” 
 Chainlink is trading for $15.66 at time of writing, up 1.8% in the last 24 hours.
 Lastly, the trader predicts that the decentralized exchange protocol THORChain (RUNE) will soar past $8.
 “RUNE is finally waking up.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCFVOwUXwAAGPjP?format=jpg&amp;name=large" alt="Image" width="1772" height="713">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 RUNE is trading for $5.74 at time of writing, down over 5% in the last 24 hours but still above the trader’s diagonal resistance.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-predicts-nearly-200-surge-for-under-the-radar-altcoin-says-2024-is-going-to-be-insane-for-crypto-tbt74834.html">https://thebittimes.com/trader-predicts-nearly-200-surge-for-under-the-radar-altcoin-says-2024-is-going-to-be-insane-for-crypto-tbt74834.html</a>

Trader Predicts Nearly 200% Surge for Under-the-Radar Altcoin, Says 2024 Is Going To Be ‘Insane’ for Crypto

TheBitTimes

Other articles published on Dec 27, 2023

New Whales Suddenly Accumulate Chainlink (LINK) and One Additional Ethereum-Based Altcoin: Lookon...

e-Rupee is Set to Provide Assistance to the World of Cryptocurrency

Mt. Gox FUD leading to Bitcoin price decline?

Nigeria: Yellow Card Foresees Spike in Crypto Usage in 2024 Following CBN Circular

Shiba Inu’s Future: Speculations and Milestones

XRP bulls struggling, Everlodge introduces new concepts and partnerships

Join our free newsletter for daily crypto updates!