NEAR Protocol

Cardano

Rekt

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-potential-rise-in-altcoin-market-value/" data-wpel-link="internal">Analyst Predicts Potential Rise in Altcoin Market Value</a><br></p>
<p style="text-align: justify">A popular <strong>crypto currency</strong> analyst suggested that the altcoin market value might be preparing to rise even further. The analyst also provided critical warnings to investors after evaluating historical data.</p> 
<h2 id="historical-data-in-the-altcoin-market">Historical Data in the Altcoin Market</h2> 
<p style="text-align: justify">Known by the pseudonym Rekt Capital, the crypto currency analyst X shared a chart on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platforms that examines the market value of all crypto projects excluding the top 10 <strong>tokens</strong>. The analyst points out that historically, when the altcoin market value retests an area circled at around $182.86 billion, it has “significantly increased.”</p> 
<p style="text-align: justify">The altcoin market value recently passed through this region. For certain crypto currencies, Rekt Capital suggested that Cardano (<a href="https://en.coin-turk.com/cardano-surpasses-polkadot-in-development-activity-and-becomes-the-number-one-cryptocurrency/" data-wpel-link="internal">ADA</a>), a competitor to <strong><a href="https://en.coin-turk.com/ethereum-eth-price-hits-7-month-low-data-indicates-3-year-low/" data-wpel-link="internal">Ethereum</a> (ETH)</strong>, is trying to break out from a recent short-lived reaccumulation range at its highest levels. The expert stated that a confirmed breakout would mean ADA is ready to rise to $0.72.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-294818 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/analist-5.jpg" alt="" width="1786" height="1266"></p> 
<h2 id="expectations-of-a-rise-in-near">Expectations of a Rise in NEAR</h2> 
<p style="text-align: justify">At the time of writing, the cryptocurrency ranked 8th by market value was trading at $0.61, experiencing a drop of more than 2% in the last 24 hours. Rekt Capital also claimed that gains for NEAR Protocol (NEAR), another competitor to <strong>Ethereum</strong>, could be on the horizon, stating the following in his comments:</p> 
<blockquote> 
 <p style="text-align: justify">Since it broke away from the main formation, it has almost gained +150%. If NEAR can reclaim the $4.36 level as support before the end of December, it could rise to $6.</p> 
</blockquote> 
<p style="text-align: justify"><strong>NEAR</strong> was trading at $4.31 at the time of writing. The cryptocurrency, ranked 24th by market value, showed an increase of nearly 5% in the last 24 hours. In conclusion, the crypto currency analyst Rekt Capital pointed out that the altcoin market value is testing a historical region, highlighting potential breakout points for Cardano (ADA) and NEAR Protocol (NEAR) in particular. ADA’s potential to rise to $0.72 and NEAR’s potential to climb to $6 were among the analyst’s warnings.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-potential-rise-in-altcoin-market-value/" data-wpel-link="internal">Analyst Predicts Potential Rise in Altcoin Market Value</a></h5>

Analyst Predicts Potential Rise in Altcoin Market Value

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