A crypto strategist believes that a competitor to Ethereum, known as Near (NEAR), is mimicking the success of a popular memecoin called Pepe (PEPE), which recently reached a new record high. The analyst, who goes by the name Credible, shared his insights on the social media platform X, stating that the market structure of NEAR resembles that of PEPE. He suggests that any dips in NEAR’s price should be taken as a buying opportunity, with the expectation that the altcoin will reach new highs. Credible also reveals that he is personally invested in NEAR. According to his chart analysis, he has set a target price of $9 for NEAR, with a stop-loss at $5.72. Currently, NEAR is trading at $7.03, indicating a potential upside of nearly 30% if it reaches Credible’s target. However, Credible’s bullish sentiment does not extend to Pepe and other major altcoins. He believes that these coins are on the verge of a significant correction, as investors are shifting their focus to Bitcoin. Credible predicts that Bitcoin will soon experience a breakout to $100,000, while the current price stands at $61,655.