A prominent crypto strategist has expressed a bullish sentiment towards two popular altcoins amidst a relatively calm period in the cryptocurrency markets. Beginning with Binance Coin (BNB), the well-known analyst known as Kaleo has urged his vast following of over 593,300 Twitter followers to consider investing in the native token of the Binance Smart Chain, particularly when priced below $250. Kaleo’s charts indicate the potential for BNB to rise above the $300 price level and even surpass its April high of slightly above $340 sometime in the remaining four months of 2023. As of now, BNB is currently trading at $248.
The anonymous crypto strategist further explains that Binance Coin is currently not receiving much attention, but predicts that this will rapidly change once the coin experiences a surge in value. With its increasing popularity, BNB is likely to capture the attention of investors and attract significant interest in the near future.
Moving on to Bitcoin Cash (BCH), Kaleo believes this altcoin possesses considerable upside potential when compared to Bitcoin (BTC). Currently trading at 0.00926000 BTC ($218.19), Bitcoin Cash has experienced a substantial surge of approximately 140% within a span of less than a month, starting from its June low of 0.00386000 BTC ($117.21). This impressive performance indicates that Bitcoin Cash is gaining momentum and could continue to experience further growth.
It is worth noting that BNB and Bitcoin Cash are among the leading altcoins in terms of market capitalization. Binance Coin, as the native token of one of the most prominent cryptocurrency exchanges, Binance, holds a significant position in the market and has garnered a loyal user base. Bitcoin Cash, on the other hand, emerged as a result of a hard fork from the original Bitcoin blockchain and has since generated its own community and following.
Both BNB and Bitcoin Cash have positioned themselves as alternatives to Bitcoin, offering faster transaction speeds and lower fees. As the demand for more versatile and efficient cryptocurrencies rises, these altcoins have the potential to attract greater attention and investment.
the crypto strategist Kaleo holds an optimistic outlook for both Binance Coin and Bitcoin Cash. With BNB’s potential to surpass $300 and possibly reach its previous high of $340 by the end of 2023, and Bitcoin Cash’s remarkable recent surge against Bitcoin, these altcoins are attracting the attention of investors and are positioned for potential growth in the coming months. It is advisable for cryptocurrency enthusiasts to closely monitor the performance of these tokens as they navigate the ever-evolving world of digital assets.