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ETH & BNB Price To See Short-Term Rally, While This Altcoin Can Spike 100% In Coming Days

ETH & BNB Price To See Short-Term Rally, While This Altcoin Can Spike 100% In Coming Days

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The post ETH & BNB Price to see a short-term rally, although this Altcoin could rise 100% in the coming days appeared first on Coinpedia Fintech News

A well-known crypto expert presents his bullish stance on lesser-known altcoins and gives a target price for Binance Coin (BNB) and Ethereum (ETH).

An analyst known anonymously as Crypto Capo informs his 536,000 followers on Twitter that Reserve Rights (RSR) has risen 165% from its current rate. RSR is a lesser-known ETH-based altcoin that helps stabilize the Reserve Token (RSV) stablecoin.

According to the strategy, RSR sees an uptrend as the price is expected to hit $0.017 before the currency drops to its lowest level in 2022.

At the time of writing, RSR is trading at $0.0077 after having moved up 40.15% in the last 24 hours.

Binance Coin (BNB)

Next, Capo discusses one of the largest crypto exchanges, Binance’s native currency, Binance Coin (BNB). As for BNB, he predicts the currency will jump 10.2% from its current price to $297.50 before falling as low as its July level.

Ethereum (ETH)

The analyst closes his analysis on Ethereum (ETH), where he claims the second largest crypto by market capitalization is advancing ahead of its key support area. Therefore, he expects ETH to offer investors a positive risk-reward ratio.

He also claims that ETH is forming a head and shoulders pattern, which is a positive sign.

At press time, Ethereum is changing hands at $1,334 after a 4.24% spike in the last 24 hours.



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