Trader Predicts Rally for Low-Cap Altcoin, Suggests Ethereum Competitors Could Surpass Crypto Market
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Trader Predicts Rally for Low-Cap Altcoin, Suggests Ethereum Competitors Could Surpass Crypto Market

A well-known crypto strategist has identified two Ethereum (ETH) competitors that he believes will experience faster growth than the rest of the market once conditions improve.

The pseudonymous analyst, known as The Crypto Dog, shared his long-term bullish stance on Near (NEAR) with his 776,800 followers on the social media platform X. According to The Crypto Dog, NEAR has shown impressive performance and he expects it to make significant gains once the crypto market starts to rise. He advises investors to lock in a multi-month position in NEAR and refrain from trading it. NEAR has consistently demonstrated relative strength, especially in relation to coins connected to the artificial intelligence (AI) trend. The analyst believes that NEAR will outperform other assets when the market takes a positive turn. As of now, NEAR is valued at $6.95.

The Crypto Dog also has his eye on AIOZ (AIOZ), another layer-1 altcoin. He expresses his willingness to hold AIOZ over a longer period of time, as it has been trading in a range for the past few months and is expected to pick up momentum and outperform other assets when the market recovers. The analyst has adjusted his trading strategy to focus on longer-term positions rather than frequent trades. AIOZ is currently trading at $0.778, experiencing a decline of nearly 4% in the past day.

Lastly, The Crypto Dog highlights Xai (XAI), a crypto project focused on gaming. He predicts that XAI could potentially increase by almost 60% from its current levels in the next few weeks. The analyst believes that XAI has the potential to reach $1 by June, considering it a favorable price at the moment. He also mentions that he holds a significant amount of XAI. As of now, XAI is valued at $0.635.

It is important to note that the opinions expressed by The Crypto Dog are not investment advice, and investors should conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this information was sourced from, does not endorse or recommend the buying or selling of any cryptocurrencies or digital assets.

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