A prominent crypto trader, known as Bluntztellshis, is highly optimistic about Near Protocol (NEAR), a competitor of Ethereum (ETH). Bluntztellshis, who has 300,000 followers on the social media platform X, stated that there is a significant upward movement, referred to as a “god candle,” in store for NEAR. The trader also expressed positivity towards the altcoin sector as a whole, stating that alt layer-1 blockchains are currently the most promising.

As of now, NEAR is trading at $6.70, experiencing a 9.5% increase in the past 24 hours and a 22% increase in the past week. Bluntztellshis believes that many altcoins will experience substantial gains once Bitcoin (BTC) gains momentum, which the trader believes is imminent.

Earlier this week, Bluntztellshis predicted that Dogecoin’s correction would soon come to an end. The trader shared a chart indicating that DOGE could surpass $1 before completing its five-wave rally. Bluntztellshis follows the Elliott Wave theory, which suggests that a bullish asset typically goes through five-wave surges before undergoing an ABC correction. According to the trader, DOGE is currently in its fourth wave and will continue to rise until it reaches a minimum of $1.

At present, DOGE is trading around $0.40, experiencing a 4.5% increase in the past day.

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