Closely-Followed Trader Maps Out Mega Bullish Price Targets for Ethereum, Binance Coin, and One Overlooked Crypto Asset
Popular pseudonymous crypto trader known as The Crypto Dog is outlining bullish price targets for Ethereum (ETH), Binance Coin (BNB), and another under-the-radar altcoin that he says is primed for rallying.
In a new tweet, the trader tells his 409,700 followers that an ascending broadening wedge is forming on ETH with a potential to print gains of nearly 20% in the coming months, aligning with the release of a crucial update that seeks to overhaul the smart contract platform’s fee structures.
“I wager this is bullish consolidation on ETH, with a $3,000+ target lined up for an EIP 1559 splash this summer.”
The analyst also sees BNB, the native token on crypto exchange Binance, hitting new highs in the coming weeks, targeting $800 as soon as mid-May.
“I think it’s reasonable BNB revisits and surpasses all-time highs.”
The Crypto Dog also takes note of Polygon (MATIC), saying that the ERC-20 token looks poised for a bullish breakout and a surge of over 75% from its current price of $0.57.
“MATIC is leading this ETH trend. Price will catch up to fundamentals (which have been mooning recently). $1+ is on the table once we clear this range.”
Another coin that the popular trader is keeping a close watch on is smart contract platform Solana (SOL). Although SOL has rocketed 7,105% over the last year, The Crypto Dog says the red-hot coin is still in its early innings.
“We’re unironically still very early to SOL. How many of you have set up a Solana wallet yet? What projects have solidified themselves as household name brands yet? How many farms can you even ape into? It’s all just getting started.”
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Author: Daily Hodl Staff