- A well-known cryptocurrency strategist has identified two potential Ethereum (ETH) competitors that could outpace the broader market once conditions improve.
- The Crypto Dog, a pseudonymous analyst, has expressed long-term bullishness on Near (NEAR) to his 776,800 followers on social media platform X.
- The trader believes that NEAR has performed exceptionally well in this cycle and predicts it will surge once the crypto market gains momentum.
A popular crypto analyst identifies two Ethereum competitors, Near (NEAR) and AIOZ (AIOZ), predicting they will outperform the market in the long term.
The Crypto Dog’s Bullish Stance on NEAR
The Crypto Dog has been closely monitoring NEAR, which he considers one of the “faster horses” in this cycle. He believes that investing in NEAR for several months is a wise move. He advises investors to secure their positions and avoid trading. The analyst also notes NEAR’s relative strength along with coins that are following the artificial intelligence (AI) trend. He predicts that when the market turns, NEAR will outperform. At the time of writing, NEAR is valued at $6.95.
Analyst’s Optimism on AIOZ
The Crypto Dog is also keeping a close eye on another layer-1 altcoin, AIOZ (AIOZ). He states that he is willing to hold AIOZ for a multi-month period. The analyst notes that AIOZ has been ranging for the past few months and predicts it will pick up and outperform when the market swings back. At the time of writing, AIOZ is trading at $0.778, down nearly 4% in the past day.
XAI: The Gaming-Focused Crypto Project
The last altcoin on the trader’s radar is the gaming-focused crypto project Xai (XAI). The analyst predicts that XAI could surge by nearly 60% from its current levels in the coming weeks. He believes that XAI could return to $1 by June, making it a good investment at the moment. At the time of writing, XAI is valued at $0.635.
Conclusion
In conclusion, The Crypto Dog is bullish on NEAR, AIOZ, and XAI, predicting that these altcoins will outperform the market in the long term. However, investors should conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
