Ethereum Rival NEAR To See A New ATH – How High Can The Price Go?

The crypto market looks pretty stable today, following a short correction period. There are all kinds of optimistic predicitons about the prices of some digital assets, and there are some floating around Ethereum’s rivals as well.

Regarding Ethereum, at the moment of writing this article, ETH is trading in the green and the coin is priced at $3,053.

It’s been just revealed that there is a popular crypto trader who thinks one smart contract platform could skyrocket to an all-time high in the next few weeks.

The pseudonymous crypto analyst Altcoin Sherpa said not too long ago that Near Protocol’s native token NEAR has the chance to still drop in price before moving towards a new all-time high.

Near Protocol, the 17th-ranked crypto asset by market cap is trading at $16.11 at the time of writing. Altcoin Sherpa says $14 “would be a great entry” for the token.

He is also talking about other coins that are not expecting such massive upside moves.

The analyst appears less bullish on another Ethereum (ETH) rival, Avalanche (AVAX). Altcoin Sherpa says AVAX has underperformed his expectations “heavily” while looking at its exponential moving average. Check out his tweet below.

$AVAX: Meh, this one has underperformed my expectations heavily. Would like to see a reclaim of the 200D EMA and EQ of the range. Looks like the range lows at 66 are coming before anything else until we see that reclaim. #AVAX pic.twitter.com/x6L9EdqzbF

— Altcoin Sherpa (@AltcoinSherpa) April 12, 2022

The crypto market saw a recent correction, and according to the official data, this means that institutional entities have been taking their profits out. But it also seems that Cardano and Solana remain resilient in this scenery.

In the latest Digital Asset Fund Flows Weekly report, CoinShares explained that last week’s heavy outflows of $134 million are a result of the previous week’s market value appreciation.