A widely followed cryptocurrency trader is urging traders to keep an eye out for altcoins that hit new all-time highs this year.
Despite Aptos (APT)’s triple-digit percentage point gains over the past two weeks being “absolutely insane,” pseudonymous analyst Kaleo said: To tell His 559,500 Twitter followers say smart contract-enabled blockchains are likely to sell against the US dollar.
According to Kaleo, Aptos is also likely to sell heavily when paired with Bitcoin (BTC), as the flagship cryptocurrency forms a “candle of God.”
“It’s an insane move, but I think it’s likely that this will sell heavily to BTC’s god candle outside the current range…
At least for BTC pairs, I wouldn’t be shocked if a big BTC move caused the USD to drop slightly. ”
Aptos started the year at $3.45 and hit an all-time high of $19.47. Officially launched in October 2022 and currently ranked 28th by market capitalization, the crypto asset has since stabilized, trading at $18.20 at the time of writing.
Earlier this week, Kaleo predicted that Bitcoin will likely outperform altcoins.While he doesn’t see the current Bitcoin rally leading to all-time highs, Kaleo To tell Flagship crypto could hit up to $45,000 before falling below $30,000 in late 2023.
“I have never been more bullish on Bitcoin than I am now about what I think will happen in the coming weeks.
I don’t think this rally will hit new all-time highs (likely to top out and distribute in the $40,000-$45,000 range for two months before returning to highs from the mid-$20,000s later this year. ). I think you are trying to accelerate rapidly.
I truly believe that there is going to be a massive God’s Candle in the near future. ”
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