Bitcoin’s recent rise has sparked interest in altcoins, leading investors and analysts to speculate on when the post-halving surge will occur. In the midst of these expectations, an analyst has made bullish statements about an altcoin ranked among the top five in terms of market value.
The analyst, known as DonAlt, shared his thoughts on buying BNB, the native token of the Binance exchange and BNB Chain, on his YouTube channel. He believes that BNB is currently experiencing a significant upward price movement. According to DonAlt, if BNB were to drop approximately 20% from its current level, it would no longer be an attractive buy.
Since DonAlt’s comments, the price of BNB has surged to $575 at the time of writing, indicating that investors are taking his analysis seriously.
In addition to discussing BNB, DonAlt also analyzed the price movement of Bitcoin. He suggests that the direction of BTC’s next move will be determined by its price action between two key levels. As of now, Bitcoin has seen a 4% increase and is trading above the $61,500 mark.
DonAlt also commented on Ethereum’s price outlook. Despite several days remaining until the weekly close, Ethereum has surged back above $3,000, reaching a level of $3,077.
It’s important to note that the information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own thorough research before making any investment decisions.
