Crypto analyst Credible believes NEAR Protocol (NEAR) is mirroring the recent surge of the memecoin Pepe (PEPE). He notes that the market structure of both coins is similar.
Credible suggests that NEAR could reach $9, with a potential upside of 30%. However, he cautions that this bullishness does not extend to Pepe or other large-cap altcoins.
Altcoins vs. Bitcoin
Credible anticipates a corrective move for Pepe and major altcoins as investors shift funds towards Bitcoin (BTC). He believes Bitcoin is in a reaccumulation phase, potentially leading to a breakout to $100,000.
Disclaimer
Opinions expressed by Credible are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrencies.
