Bitcoin’s recent rise has sparked interest in altcoins, leading investors and analysts to speculate about the potential post-halving surge. Amidst these discussions, a prominent analyst has expressed optimism about one of the top five altcoins based on market value.
DonAlt, an analyst known for his YouTube channel, has highlighted the significant upward movement of BNB, the native token of the Binance exchange and BNB Chain. He suggests that if BNB were to decrease by approximately 20% from its current level, it would no longer be an attractive investment.
In response to these comments, the price of BNB has surged to $575 at the time of writing.
DonAlt also shared his insights on Bitcoin. According to him, the price movement between two key levels will determine the next direction for BTC. Bitcoin has experienced a 4% increase and is now trading above the $61,500 mark.
Moving on to Ethereum, DonAlt commented that despite a few days remaining until the weekly close, the price of ETH has risen above $3,000, reaching $3,077.
It is important to note that the information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and conduct their own thorough research.