A closely followed crypto trader and strategist, smart contract platforms Solana (SOL) and Avalanche (AVAX) will follow the epic rally in 2021. Ethereum rival altcoin stated that.
The analyst, known by the pseudonym Cantering Clark, announced on his Twitter account that he closely follows Near, a developer-focused blockchain designed for scalability and stability.
According to Cantering Clark Near (NEAR), is in a position to repeat its performance in December 2021, when it more than doubled in value in about a month.
“I think we are gearing up for a much larger expansion similar to NEAR as we highlight below. It currently holds the weekly vwap (volume weighted average price) and is not extended in any way. The twenty-day moving average is pointing up and holding. Weekly distribution shows acceptance of higher prices with minimal effort.”
At the time of writing, Near is trading at $19.86, up over 140% in the last 30 days.
Cantering Clark added that he believes Near will continue to rise even after making big gains.
“Remember what Solana and Avax did? NEAR will do the same. At each pause, the market seeks the top and continues to move away from you.”
Both Solana and Avalanche had a debut year with staggering 11,157% and 3,523% gains in 2021, respectively.
Another altcoin on the investor’s radar is the local government token of Rari Capital, an unsupervised decentralized finance (DeFi) protocol for lending, borrowing and yield stock. Rari Governance Token (RGT).
According to Cantering Clark, RGT seems to have ended the downtrend on the daily timeframe after exiting the uptrend pattern.
“Another altcoin in the same bucket. RGT Rari Capital. It is powered by whales.”
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.