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Cryptocurrency News Articles
Crypto Analyst Kaleo Bets on Theta Network, TraderJoe, and BNB for Explosive Growth
Mar 26, 2024 at 03:55 am
Crypto analyst Kaleo predicts a surge for Theta Network (THETA), forecasting a potential 200% increase as interest in the social finance sector revives. He also expresses bullishness for Avalanche-based governance token TraderJoe (JOE), anticipating a rise to $3.50 by April, and remains optimistic about BNB, suggesting a surge in its Bitcoin pair to 0.0102 BTC ($710).
Crypto Analyst Kaleo Flags Theta Network, TraderJoe, and BNB for Potential Surges
Renowned crypto analyst Kaleo, with a following of over 632,000 on social media platform X, has identified Theta Network (THETA) as a promising altcoin poised for a significant rally.
According to Kaleo, the decentralized video-streaming project is poised to benefit from renewed interest in the social finance (SoFi) sector. "I wouldn't sleep on THETA here," he advised. "I'm still incredibly bullish on SoFi over the next few months."
Kaleo cited the upcoming airdrops of tokens like ARENA and FT (Friend.tech) as factors that could reignite attention in the SoFi space. His technical analysis suggests that THETA could surge beyond $10, a potential gain of over 200% from its current price of $3.10.
Next on Kaleo's radar is Avalanche (AVAX)-based governance token TraderJoe (JOE), which powers the largest decentralized exchange (DEX) on Avalanche. "With the AVAX memecoin rush kicking off this week," Kaleo said, "JOE is easily still one of my highest conviction plays here."
He anticipates that JOE will rally to $3.50 around April. The token is currently trading at $0.92, up over 10% in the last 24 hours.
Lastly, Kaleo expressed bullishness for BNB, the native asset of the world's largest crypto exchange platform, Binance. By examining the BNB/BTC trading pair, he observed a bullish pattern characterized by higher low prices.
"BNB/BTC. Full send soon," Kaleo tweeted.
His chart analysis indicates that BNB/BTC could climb to 0.0102 BTC ($710), representing a potential increase of approximately 20%.
It's important to note that crypto markets are inherently volatile, and analysts' predictions may not always materialize. Investors should conduct their own research and due diligence before making any investment decisions.
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