A widely-followed crypto trader says one crypto newcomer is poised to print a massive move en route to becoming one of the largest coins in the industry.
In a new tweet, the pseudonymous trader named Kaleo tells his audience of 50,700 that Avalanche (AVAX) is gearing up to triple its value against Bitcoin (BTC) as he predicts that the coin is positioning to catapult from its current price of 0.0004 to the all-time high (ATH) of 0.0012.
“AVAX/BTC has a beautiful set up for a push back to the September ATH as well.”
Kaleo is also looking at AVAX/USD and he expects the pair the surge over 36% in the coming days from its current value of $12.8 to $17.5.
“AVAX looks primed for another giga-move. My body is ready.”
Avalanche is an open-source platform that enables users to create decentralized and interoperable blockchains according to their requirements. The protocol aims to create a comprehensive ecosystem that bridges all blockchain platforms.
Avalanche users relies on AVAX to pay for transactions in the network. AVAX is hard-capped at 720 million tokens and it is a scarce asset as the tokens are burned after use.
In the long term, Kaleo believes that Avalanche will become one of the most valuable crypto assets on the market.
“AVAX will be in the market cap top 10.”
At time of writing, AVAX is the 42nd largest coin, according to CoinGecko.
In addition, Kaleo is quickly building his reputation in the cryptoverse as Bitcoin continues to follow the path that he carved for BTC as early as February 2019.
“Just a reminder that KALEO predicted this price action more accurately TWO YEARS AGO than your paid group leader has the past two months.”
According to Kaleo’s chart, the trader expects Bitcoin to top out around $140,000 before this year comes to an end.
As for Ethereum, Kaleo predicts that the smart leading platform will ignite a parabolic surge and print 10x gains this year.
“$10,000+ Ethereum isn’t as crazy of an idea as you think.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Mia Stendal