Cryptocurrency analyst Kaleo predicts significant growth of two Ethereum-based tokens

Kaleo, a well-known crypto strategist, believes that two altcoins operating on the Ethereum (ETH) network are preparing for rapid growth.

The first of them, ApeCoin (APE), is a digital asset associated with the NFT collection Bored Ape Yacht Club. The analyst shares a chart showing that APE is breaking through the diagonal resistance that has kept altcoin in a downtrend for more than a year and a half.

«This breakout of APE is not fading. Until last month, BLUR and LOOKS were trading in step with APE. NFTs are starting to gain momentum. I see that it is only a matter of time before APE catches up with them.

For comparison:-BLUR is up 320% from its lows — LOOKS is up 235% from its lows — APE is up 65% from its lows," Kaleo notes.

The analyst is also closely monitoring the STEPN (GMT) cryptocurrency project. According to Kaleo, GMT is trading in an ascending channel after rising above the diagonal resistance of the high timeframe.

«Despite the fact that STEPN has remained active for the past 18 months, and given how everything in the Solana ecosystem that has maintained a decent level of activity has been popping up recently, I think STEPN can continue to run.

The chart looksgreat, retesting the July highs after a breakout on the large timeframe; you can easily see a push out of the channel to $ 0.60-$ 1.00," the analyst said.

As for bitcoin, the crypto strategist believes that the market leader is ready to soar above $ 40,000.

«We broke the bottom to the minute. We will go up to $ 40,000,» the expert predicts.

On Monday, November 27, the main cryptocurrency is trading 1.25% lower than a day ago at $ 37,307. The total number of coins circulating on the market is $ 729.7 billion. Traders executed $ 16.1 billion worth of daily trades, up 88.7%. Bitcoin’s dominance in the market increased to 54.9%.