- A cryptocurrency analyst closely followed by the crypto community is predicting a big rise for a little-known altcoin and is giving his predictions for Binance Coin (BNB) and Ethereum (ETH). is updating.
Known in the industry by the nickname Crypto Capo, the trader has 536,000 Twitter followers, the ETH-based cryptocurrency that facilitates the stabilization of the stablecoin Reserve Token (RSV). Reserve Rights (RSR) He said he expects it to start a 165 percent rally.
“I got some RSR following divergence below blue level. The mainnet is almost complete.”
The popular analyst’s charts show that he believes the RSR will rise as high as $0.017 before falling to a one-year low. Capo also draws attention to the token’s 99% completed mainnet, claiming that this development will act as a catalyst in price.
RSR is trading at $0.0064 at the time of writing.
Binance Coin (BNB)
The analyst then turned his attention to the world’s largest crypto exchange platform by volume. Binancelocal presence of BNBIt converts to . The analyst said he expects BNB to surge 10.2 percent from its current price of $298.98 to $297.50 before falling to July levels.
Ethereum (ETH)
Crypto Capo concludes his analysis by turning his attention to Ethereum (ETH), saying that the leading smart contract platform has bounced off a significant support level and offers a good risk-reward ratio for investors.
“It is bouncing off the key support level with some regular bullish divergences. First XP [kâr al]of H&S [baş ve omuz modelinin] It is at the neckline and provides a good risk-reward ratio.”
The host of the popular Coin Bureau YouTube channel is also optimistic that the transition of Ethereum (ETH) to the Proof of Stake (PoS) consensus mechanism will positively affect the price of the second largest cryptocurrency by market cap.
Spyman nicknamed Guy, 2.12 million YouTube subscribers, the impact of the merger, The Surge, The Verge, The Purge and The Splurge He said that rhyming with Merge will be felt after successful implementation of other upcoming Ethereum upgrades, such as Merge.
“Of course this [birleşme] It was a buy a rumor, sell the news event, and some were disappointed by the lack of fireworks that day. But that was always expected. The scaling benefits won’t be felt until the Surge. Besides, we are still looking forward to The Verge, The Purge and The Splurge We will have upgrades.
But right now, projected monetary changes are affecting the supply of ETH, emissions have dropped significantly and inflation is now negligible. While the effects of this are unlikely to be felt in the short term, they are likely to be felt in the long term. Based on that point alone, it’s a much more interesting investment.”
ETH is changing hands at $1,272, down 5% in the last 24 hours.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.