Renowned crypto analyst, operating under the pseudonym Kaleo, has made a bold prediction regarding a top-10 altcoin by market cap, suggesting that it is on the brink of reaching new all-time highs (ATH).

Kaleo, who has a substantial following of 642,000 on the social media platform X, has pointed out similarities in the price patterns of BNB, the utility token for the BNB Chain ecosystem, between the current period and the breakout witnessed in 2021. He recommends considering adding to positions during a dip, particularly below the $650 mark.

Price discovery, a term used by crypto traders and analysts to describe a situation where a coin reaches unprecedented price levels, is anticipated for BNB, which is currently priced at $679, reflecting a 4% decrease in the past 24 hours.

In his next forecast, Kaleo anticipates a breakout for Ethereum (ETH) against Bitcoin (ETH/BTC), which could lead to a surge in Layer-1 Ethereum Virtual Machine (EVM) projects. He highlights the potential for Ethereum to surpass the 0.10 BTC ($6,926) mark, as ETH/BTC is currently trading at 0.053 BTC ($3,689).

Drawing on historical data, Kaleo suggests that Ethereum is at the initial stages of a parabolic phase in the market cycle, emphasizing a bullish outlook for the cryptocurrency, currently priced at $3,686, showing a 3% decrease in the last 24 hours.

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