The cryptocurrency market has an unstable outlook. Leading crypto Bitcoin fluctuates between $61,000 and $63,000. Altcoins also exhibit similar movements. However, analysts and traders see bullish signs in the longer-term perspective. A popular crypto analyst names two Ethereum rivals he thinks will rise faster than the rest of the market once conditions improve. Additionally, the analyst predicts a strong rally for an altcoin.
Analyst: Taking a NEAR position is still a good move!
cryptokoin.comAs you’ve seen from , the crypto market is having trouble getting ahead. However, analysts are still hopeful for the future. That’s why they’re making preparations now. The analyst, nicknamed The Crypto Dog, shared his latest predictions to his 776,800 followers on the social media platform X. Analyst says leading altcoin Ethereum rival Near (NEAR) is also bullish for the long term. According to the analyst, NEAR is one of the fastest horses of this cycle. The Crypto Dog believes NEAR will be out the door once the crypto market catches a bid. In this context, the analyst makes the following statement:
I believe taking a multi-month NEAR position today is still a good move. Lock and don’t trade. NEAR, cryptocurrencies [mandallama] It continues to show relative strength along with the AI (artificial intelligence) trend. When the market turns, it will perform better.
Another altcoin on The Crypto Dog’s radar: AIOZ
Next up, the analyst is also keeping a close eye on fellow tier-1 altcoin AIOZ (AIOZ). Crypto Dog says it is also willing to hold AIOZ for a period of several months. In this regard, the analyst shares the following assessment.
It has been volatile over the last few months and should rebound and perform better when the market returns. I trade less by taking larger, longer-term positions.
Meanwhile, at the time of writing, AIOZ was trading at $0.7543, down 5.8% on a daily basis. Additionally, the token saw a loss of over 10% on its weekly chart. However, it made progress of over 23% on its monthly chart.
“This altcoin has 60% upside potential!”
The last altcoin on the analyst’s radar is the gaming-focused crypto project Xai (XAI). According to the analyst, XAI has the potential to rise nearly 60% from current levels in the coming weeks. In this context, the analyst says:
I think XAI could return to $1 by June. Seems like a good price right now. I am a heavy bag owner.
Meanwhile, at the time of writing, XAI was changing hands at $0.5809, down 6.3% on a daily basis. The altcoin lost approximately 20% on its weekly chart. Moreover, XAI is also in the red zone with over 16% on its monthly chart.
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