Making investments in the crypto market is not easy, and often requires many individuals to consider the many risks that come with it. However, due to the rapid volatility of the market, most investors keep sitting on the fence, unable to choose where they should be investing most of their assets.
In fact, most of the individuals who are struggling with the rest of the market will often look towards expert advice that can help them really get a hold of the market. Not only do they want to make a profit from the investments that they are making, but they also want to reliably keep making profits over a longer period.
Therefore, in these types of circumstances, people will often look towards analysts, who have considerable knowledge about the market. While they can never predict what will exactly happen in the crypto market down to the letter, they will often be close enough to be trustworthy.
Most analysts are able to make a name for themselves by offering information about possible events that will lead to them making a considerable amount of money. These predictions will often allow them to make a lot of money as well. And one of the most popular analysts in the market right now is predicting that three major altcoins will see a major rise.
Ethereum and Avalance Likely to See Major Rise in Prices
There are a lot of cryptocurrencies in the market that could likely skyrocket in price at any given moment. However, with the current state of the market, many have been very skeptical if any possible cryptocurrencies will be increasing any time soon.
However, this analyst is specifically saying that at least two major altcoins will be seeing their prices increase by a significant margin in a short span of time. The two in question happen to be Avalanche and Ethereum.
What is the Analyst Saying?
The analyst, who is also going by the name of Kaleo in the market made an announcement on his platform featuring over 500,000 followers. They told their followers that Ethereum at least could be seeing a major rally in the next few weeks. The rally could be so massive that it can eventually help ether reach $4,000 by 2023 July.
Could this Prediction Come True?
The first major cryptocurrency in the market was Ethereum, which makes it understandable to rally. However, the analyst has mostly been right about their previous predictions, which makes it even more important as to why most people are looking to believe them.
While Ethereum is currently just a little over $1,600 per token, it is likely that it could bounce to a price of $4,000 in less than a year.