Crypto Analyst Bullish on Layer-1 Altcoin and Ethereum Challenger’s Potential

A crypto strategist predicts big rallies for Core (CORE) and Near (NEAR) while anticipating a bullish reversal for Fetch.ai (FET). Core is currently trading at $2.50, up over 355% from its 2024 opening price of $0.549, while Near is worth $6.99 and FET is valued at $2.43. The analyst advises waiting for a dip to buy Core, suggests a pullback for Near before rallying, and predicts a revisit to the local bottom for FET before a bullish reversal.

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Crypto Market Recovers Slowly After Bitcoin Halving, Altcoins Show Mixed Performance

Bitcoin’s price is slowly recovering after the halving event, causing cautious trading in the crypto market. Ethereum’s price is rebounding, impacting the valuation of other altcoins. Ethena and Dogwifhat are experiencing losses, while CORE has seen a 9% rise. The recent halving event may create a supply shock, potentially driving up Bitcoin’s price, but some analysts believe its impact may already be factored in. Negative sentiment from retail sales and CPi data has led to a sell-off in risk assets like Bitcoin and equities.

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