Veteran Trader Says One Ethereum Rival About to ‘Turbo Send,’ Predicts Strong Crypto Market Rebound

A veteran crypto trader thinks one Ethereum (ETH) rival is about to “turbo send.”

The pseudonymous digital asset analyst known as Bluntz shares a chart with his 253,100 followers on the social media platform X that indicates the smart contract platform NEAR Protocol (NEAR) could jump past the $10.50 range.

NEAR is trading at $6.67 at time of writing. The 23rd-ranked crypto asset by market cap is up nearly 7% in the past 24 hours.

Bluntz also calls a trio of Solana (SOL)-based ecosystem altcoins “the holy trinity,” including the oracle solution Pyth Network (PYTH), the decentralized finance (DeFi) protocol Jito (JTO) and the decentralized exchange (DEX) aggregator Jupiter (JUP). The analyst says all three currently “look amazing.”

PYTH is trading at $0.877 at time of writing. The 89th-ranked crypto asset by market cap is up more than 4% in the past 24 hours.

JTO, the 159th-ranked crypto asset, is currently trading at $5.11 and is up more than 19% in the past day.

JUP is trading at $1.68 at time of writing. The 55th-ranked crypto asset has also witnessed strong gains recently, surging by more than 11% in the past 24 hours.

Bluntz also expects an overall market rebound.

“No upwicks on the weekly, monthly or quarterly candles. We’re gonna run it back so hard once enough of the degens get flushed out.”

Generated Image: Midjourney