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 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.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Digital Store/KWstudio
This news is republished from another source.
