A well-known cryptocurrency analyst and trader, who goes by the name Crypto Dog, is sharing positive sentiments about a memecoin called Jeo Boden (BODEN). Since the beginning of March, this memecoin has experienced a significant increase in value, rising more than twenty-fold. Crypto Dog, with a following of 775,500 on social media platform X, believes that BODEN is on the verge of a breakout after a period of consolidation. The trader’s chart indicates that BODEN is currently testing a resistance level on the daily chart.

As of now, BODEN is trading at $0.639, which is a remarkable 2,466% increase from its all-time low of $0.0249 on March 9th. Crypto Dog also mentions other memecoins, such as dogwifhat (WIF), that are showing bullish signals and aiming for new highs.

In addition to memecoins, Crypto Dog expresses optimism about NEAR Protocol (NEAR), a competitor to Ethereum. The analyst believes that NEAR’s focus on artificial intelligence (AI) will contribute to its success. NEAR’s Co-Founder, Illia Polosukhin, has previously stated that AI will be a core vertical for the NEAR ecosystem by 2024. Crypto Dog predicts that NEAR will outperform Bitcoin and even Solana in the coming weeks and months.

At the time of writing, NEAR Protocol is trading at $6.81, displaying a 17% increase over the past seven days.

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