Leading pseudonymous analyst Kaleo has turned bullish on two cryptocurrencies and predicted they could rally massively. The bullish prediction comes when the broader markets trade sideways with little to no price outbursts.
The markets remain slippery as calls for a recession and a financial downturn grow louder. Bitcoin is looking to climb above the $60,000 mark, but the markets are pushing its price backwards.
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Amid all these economic pressures, Kaleo told his 647,000 followers that two cryptocurrencies could outperform the markets.
Taking an entry position now could make investors reap the rewards, according to him. Per Kaleo’s analysis, this article will highlight the two cryptocurrencies that could rally and deliver profits.
2 Cryptocurrencies Could Head North: Analyst
1. Ethereum (ETH)
Source: Watcher.Guru
Kaleo predicted that the world’s second-biggest Ethereum could march upward and reach close to its all-time high of $4,878. Ethereum hit its ATH in November 2021 and never reclaimed its previous glory.
Source: Twitter / Kaleo
The analyst forecasts that Ethereum could skyrocket and reach a new yearly high of $4,400. That’s just a few hundred dollars shy of its ATH. The analyst shared a chart indicating that Ethereum has come out of its lower bounds and could next head north.
Also Read: Bitcoin Experts Bullish On Shiba Inu’s (SHIB) $0.05 Price Target
2. Solana (SOL)
Source – Forbes
The second cryptocurrency that Kaleo is bullish on is Solana. He shared a chart forecasting that Solana could reach the $400 mark delivering massive gains to investors.
Solana is currently trading at $134, and a spike from here indicates a 200% rise. Therefore, if the forecast is accurate, an investment of $1,000 could turn into $3,000.
Source: Twitter / Kaleo
However, cryptocurrencies move in tandem with the global markets and a financial downturn could lead to losses.
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There is no guarantee that Ethereum and Solana will reach $4,400 and $400, respectively. It is advised to do thorough research before investing in either cryptocurrency.
