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A well-known cryptocurrency analyst and trader has predicted a significant increase in the little-known altcoin. According to Kaleo, Celer Network (CELR) will almost triple in value.
As the analyst told his 612,400 followers on the X platform, CELR may come out of the long accumulation phase. Kaleo suggests that CELR could soon soar to $ 0.0700. At the time of writing, the digital asset is trading at $ 0.0224, down 3% over the past 24 hours.
As for the entire crypto market, Kaleo predicts a bullish 2024 for altcoins, as «Bitcoin's strong rally this year will inspire other tokens to grow.» Among the cryptocurrencies for which the trader predicted significant growth were: Chainlink (LINK) and THORChain (RUNE).
Kaleo also drew attention to Stacks (STX), a cryptocurrency project developed to ensure the operation of applications and smart contracts on BTC. According to the expert, STX can grow significantly after overcoming diagonal resistance.