Forecaster Bluntz, renowned for accurately foreseeing Bitcoin's 2018 market downturn, has pinpointed a significant growth potential in Near Protocol (NEAR), positioning itself as a rival to Ethereum (ETH). Additionally, the forecaster has outlined optimistic projections for Arbitrum (ARB) and Slerf (SLERF).

NEAR Set to Soar According to Bluntz

Raising awareness among followers on the social media platform X, Bluntz highlights the promising prospects of NEAR, the mainnet asset of Near Protocol. He foresees a noteworthy surge in this alternative cryptocurrency, suggesting NEAR may attain levels comparable to those seen in May 2022. Employing the Elliott Wave theory, Bluntz envisions NEAR currently navigating a five-wave upward trajectory, potentially propelling the altcoin towards the $10 mark in the near future.

Bluntz's analysis reveals NEAR's distinct ABC correction from its prior peaks, succeeded by a period of accumulation over the weekend, culminating in a breakthrough. This assessment aligns with the Elliott Wave theory's assertion that assets undergo a correction phase before embarking on a five-wave upsurge.

Arbitrum and Slerf Also in Bluntz's Forecast

Apart from NEAR, Bluntz singles out Arbitrum, an Ethereum scaling solution, noting multiple bullish reversal signals evident on the daily chart. The forecaster anticipates a potential uptick in ARB, predicting a notable bullish breakthrough for the altcoin, driven by renewed interest in Ethereum-related ventures.

Market analysts closely monitor assets displaying bullish trends, as they signal a possible reversal despite price fluctuations. Bluntz's analysis accentuates ARB's potential to manifest a bullish trajectory, contributing to a renewed positive sentiment towards Ethereum-associated endeavors.

Furthermore, Bluntz ventures a rally forecast for Slerf, a memecoin based on Solana (SOL), observing its recovery from selling pressure subsequent to the initial hype. Seizing the opportunity during the cooldown phase, the forecaster discloses his position in SLERF, currently valued at $0.767, reflecting a notable surge of over 17% in the past 24 hours.

Conclusion:

In conclusion, Forecaster Bluntz's insights shed light on the promising outlook for Near Protocol and other altcoins like Arbitrum and Slerf. His meticulous analysis and use of technical theories offer valuable guidance to investors navigating the dynamic cryptocurrency landscape. As these assets continue to attract attention and evolve, Bluntz's forecasts serve as crucial indicators for market participants seeking profitable opportunities.