Crypto analyst Kaleo, who has a wide following, predicted in his latest analysis that major coin rises could occur in the ecosystem of Avalanche (AVAX), a rival platform to Ethereum (ETH). This analysis turned investors’ attention to the Avalanche network.
Kaleo predicts that Avalanche’s meme coin activities could enable the project to rise rapidly, indicating that this could offer significant potential. The analyst states that the cryptocurrency community has long ignored the explosive potential of the PEPE rise. PEPE traded in a narrow price range for months and was therefore overlooked by many investors. However, Kaleo states that now the situation has changed and the meme coin season has begun.
The analyst emphasizes that there is a strong belief that the value of meme coins on Avalanche will increase. This, combined with the technological advantages offered by the platform, means that Avalanche can gain significant momentum.
According to Kaleo’s analysis, the altcoin price could rise significantly, prompting a price target of at least $100. This shows that Avalanche’s future potential could be of great appeal to investors and the cryptocurrency community.
Kaleo used the following statements in his prediction:
“People didn’t want to hear about how explosive the PEPE rise could be until it happened. It traded within a narrow range for months. They won’t listen this time either. Most people believe what they see. This is meme coin season and there will be multiple $200 million-$500 million plus meme coins on AVAX. “It will go higher.”
NEWS CONTINUES BELOW
Additionally, Kaleo last weekend called for Pepe (PEPE) to rise even further as it enters “price discovery”. found. The analyst used the following statements:
“PEPE price discovery. “It will go much higher.”
Price discovery is referred to as a situation where a coin trades at levels never seen before in its history.
You can follow the current price movement here.
