Trader Predicts 75% Surge for Low-Cap Altcoin, Flips Bullish on Fantom and One DeFi Crypto Asset
A widely followed crypto strategist is predicting a massive breakout for one decentralized finance (DeFi) low-cap altcoin. Pseudonymous analyst The Crypto Dog tells his 810,200 followers on the social media platform X that Synapse (SYN), a protocol that aims to enable secure cross-chain communication, could soar more than 75% from the current value. “Think it can see $1… 10% dip back to breakout level. I rebought SYN. “ Source: The Crypto Dog/X Synapse is trading for $0.566 at time of writing, down 12.82% in the last 24 hours. The cross-chain network project was launched in August 2021 and is compatible with most other layer-1s and layer-2s. Next up, the analyst says that he is flipping bullish on Ethereum (ETH) rival Fantom (FTM), suggesting a breakout of a descending trendline may be forming on the hourly chart. “Would be an attractive break FTM… Started position in FTM.” Source: The Crypto Dog/X Fantom is trading for $...