A widely followed crypto strategist is bullish on two popular altcoins amid relatively calm price action for the markets.
Starting with Binance Coin (BNB), the pseudonymous analyst Kaleo tells his 593,300 Twitters followers that the native token of the Binance Smart Chain is a bargain at a price of below $250.
According to Kaleo’s charts, BNB could revisit the $300 price level and potentially hit the April high of slightly above $340 sometime in the last four months of 2023.
“BNB back to $300
But you wouldn’t ‘bullieve’ it.”
BNB is trading at $248 at time of writing.
The pseudonymous crypto strategist says that Binance is currently receiving little attention but that will change once it surges.
“The funny thing is – no one is talking about BNB right now – but, when it finally does take off here in a bit it’s big enough that EVERYONE will be.
And everyone will talk about how obvious it was in hindsight.
But… somehow it isn’t obvious now.”
Next up is Bitcoin Cash (BCH). Kaleo says that when paired against Bitcoin (BTC), Bitcoin Cash possesses more upside potential.
“After sitting on the sidelines for a few days, I punted another BCH long.
Really like the way it’s looking vs. BTC here for the potential of seeing one last leg higher.”
Bitcoin Cash is trading for 0.00926000 BTC ($218.19) at time of writing. The 15th-largest crypto asset by market cap has surged by around 140% in less than a month from a June low of 0.00386000 BTC ($117.21).
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