A closely followed crypto analyst believes one decentralized video-streaming altcoin project is about to go on a massive rally.
Pseudonymous trader Kaleo tells his 632,300 followers on the social media platform X that Theta Network (THETA), a platform for decentralized video delivery, could soar by more than 200% as the social finance (SoFi) space finds renewed interest.
”I wouldn’t sleep on THETA here. I’m still incredibly bullish on SoFi over the next few months as you have tokens like ARENA and the FT (Friend.tech) airdrop that will be rolling out and bringing more attention back to the sector.”
Looking at his chart, the trader suggests that THETA could soar beyond $10. THETA is trading for $3.10 at time of writing, up 10.5% in the last 24 hours.
Next up, the trader says he is bullish on Avalanche (AVAX)-based native governance token of TraderJoe (JOE), the biggest decentralized exchange (DEX) on Avalanche.
“With the AVAX memecoin rush kicking off this week (million dollar of incentives for LP (liquidity pool) staking), JOE is easily still one of my highest conviction plays here.”
Looking at his chart, the trader suggests JOE will increase to $3.50 around April. Joe is trading for $0.92 at time of writing, up 10.5% in the last 24 hours.
Lastly, the trader is bullish on BNB, the native asset of the world’s largest crypto exchange platform. He takes a look at BNB in its Bitcoin pair (BNB/BTC) to back up his thesis.
“BNB/BTC. Full send soon.”
Looking at his chart, the trader suggests that BNB/BTC is printing a bullish pattern by setting higher low prices and could soon soar to 0.0102 BTC ($710).
BNB/BTC is trading for 0.008496 BTC ($591) at time of writing, down slightly in the last 24 hours.
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The post Crypto Trader Predicts Parabolic Rally for Decentralized Video Streaming Altcoin – Here’s His Target appeared first on The Daily Hodl.