A cryptocurrency strategist believes that a challenger to Ethereum, known as Near, is closely following the footsteps of Pepe, a popular memecoin that recently reached a new record high. The analyst, who goes by the name Credible, shared his observations on the social media platform X, stating that the market structure of Near resembles that of Pepe. He further expressed his optimism in the altcoin, stating that he sees any dips as a buying opportunity and expects it to reach new highs. Credible also shared a chart indicating a target price of $9 for Near, with a possible upside potential of nearly 30%. However, he cautioned that his positive sentiment does not extend to Pepe and other major altcoins, as he believes they are heading towards a corrective move. Instead, he believes that market participants are shifting their focus to Bitcoin, anticipating a breakout to $100,000. At the time of writing, Bitcoin is valued at $61,655. Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies.