CandleFocus Analyst Jamie Coutts Says Fourth Quarter Could ‘Get Wild’ for Crypto, Updates Outlook on Solana Rival Sui
2024-09-27
Author: Content Editor
Real Vision analyst Jamie Coutts predicts that the crypto market could experience strong rallies before the end of the year. Coutts points to the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin, Ethereum, and stablecoins, as showing signs of breaking out of a descending trend line and forming a bullish reversal pattern. Additionally, Coutts believes that the cryptocurrency Sui, a competitor to Solana, has the potential for long-term growth due to its significant capital inflows and market competitiveness. Sui is currently trading at $1.68 and holds the 28th largest market cap in the crypto market.
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