The host and strategist of the YouTube channel, which is closely followed by the crypto money industry, announced that he expects a rise for an Ethereum (ETH)-based altcoin.
The anonymous host of the InvestAnswers channel told 441,000 YouTube subscribers in a new video that blockchain data indexing protocol The Graph (GRT) is the dominant search engine for decentralized networks.
“Now Graph came to my attention over two years ago because it is Google of blockchain and Web3 needs transparency.”
According to the InvestAnswers server, the altcoin could rise by around 521% from current levels in the upcoming bull season.
“I believe The Graph can surpass $1 in its next bull run. And remember, this can start six months, 14 months, or a year and a half from now. However, I believe it will go above $1 which is 7 times the current price which is a bit crazy to think about. It’s risky, but there are rewards too.”
The altcoin is trading at $0.161 at press time.
However, the InvestAnswers host adds that followers should not rush based on fear of missing out (FOMO). The graph is up over 200% since November 2022, when it hit an all-time low of $0.052. According to the analyst, the significant rise should not be ignored.
“Graph did a great run. It has tripled in a very short time. Just like all other names increase by 800%, 900%, he takes a step back from enthusiasm. So it’s not financial advice, but hang tight. Don’t get caught up in some kind of FOMO.”
You can follow the current price action here.