A renowned crypto expert is portraying his bullish stance towards a lesser-known altcoin along with giving a target price for Binance Coin (BNB) and Ethereum (ETH).
The analyst who is anonymously known as Crypto Capo informs his 536,000 followers over Twitter that Reserve Rights (RSR) is all set to spike 165% from its current rate. The RSR is a lesser-known ETH-based altcoin assisting the stability of the Reserve Token (RSV) stablecoin.
As per the strategist, the RSR will see an upward trend as the price is expected to hit $0.017 before the currency drops to its lowest level in 2022.
At the time of writing, the RSR is trading at $0.0077 after a surge of 40.15% over the last 24hrs
Binance Coin (BNB)
Next, Capo discusses one of the largest crypto exchanges, Binance’s native currency, Binance Coin (BNB). For BNB he predicts the currency to jump by 10.2% from its current price hitting $297.50 before falling as low as its July levels.
The analyst wraps up his analysis with Ethereum (ETH) where he claims the second largest crypto by market cap is moving ahead of its key support area. Hence, he expects ETH to offer a positive risk-to-reward ratio for investors.
He also claims that ETH is about to form a head & shoulder pattern which is a positive sign.
At the time of publication, Ethereum is changing hands at $1,334 after a spike of 4.24% over the last 24hrs.