A widely followed crypto strategist is predicting a massive breakout for a small-cap decentralized finance (DeFi) altcoin.
Pseudonymous analyst The Crypto Dog tells his 810,200 followers on social media platform X that Synapse (SYN), a protocol that aims to enable secure cross-chain communication, could surge more than 75% from its current value.
“I think he can see $1…
10% drop to breakout level. I bought back SYN.“
Synapse is trading at $0.566 at the 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 1 and 2 networks.
Next, the analyst says he is bullish on Ethereum (ETH) rival Fantom (FTM), suggesting that a breakout of a descending trendline could form on the hourly chart.
“It would be an interesting break FTM… Starting position at FTM.”
Fantom is trading at $0.38 at the time of writing, up slightly over the past 24 hours.
Finally, the analyst claims that the native asset of stablecoin-focused decentralized exchange Curve DAO (CRV) could be preparing for a rebound after a retracement.
“This is probably the low point to invest in buying CRV at $0.318.”
CRV is trading at $0.30 at the time of writing, down more than 1% in the past 24 hours.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check price
Follow us on XFacebook and Telegram
Surf the Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: Midjourney
