Altcoin
Crypto Pundit Shares ‘Inevitable’ Prices of Bitcoin and 5 Altcoins
With the cryptocurrency market expected to enter a bull run later this year, e Bitcoin, along with altcoins, are already expected to respond to this. As cryptocurrency investors eagerly await this bull run, one cryptocurrency analyst has revealed where they expect the prices of six cryptocurrencies to reach.
Bitcoin and Altcoins are ready to move
As Bitcoin and altcoins begin to rise, Crypto Emily, an analyst, has revealed where she expects the price of major cryptocurrencies to go. The analyst starts with Bitcoin, assigning it a major price before moving on to other altcoins.
For Bitcoin, Crypto Emily believes that the the price of the leading cryptocurrency will rise to $100,000, joining the ranks of Bitcoin believers who think this is possible. From the current price, this is a price movement of less than 50% for the leading cryptocurrency, suggesting that it is possible.
Then going further, the crypto analyst turns his attention to altcoins. The first of the altcoins is Ethereum, which is the second largest cryptocurrency on the market. Despite Ethereum Failing to Cross $4,000, Crypto Analyst Expects the Altcoin to See Its Success the price will eventually reach $10,000 because it is inevitable.
This bullish trend extends to other larger altcoins beyond Bitcoin and Ethereum. For example, Crypto Emily makes similar predictions for both the price of Solana and the BNB price. He expected Solana to rise another 600% to reach $1,000 from here, and then for BNB to rise nearly 50% to reach the same $1,000.
Moving forward, the next altcoins to join the list are Polygon’s XRP and MATIC. According to the crypto analyst, both of these digital assets will eventually reach $10, a similar price increase for both. However, what is even more interesting is how both of these altcoins have performed over the past year.
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$100k is inevitable #Bitcoin
$10k is inevitable #ETH
$1000 is unavoidable #SOL & #BNB
$10 is unavoidable $XRP & $MATIC
What are your goals❓
— Emily’s Universe 💎 (@Crypto__emily) June 2, 2024
While Bitcoin and Ethereum have seen notable upside this year, both XRP and MATIC have failed to make any significant moves. XRP price is still down more than 83% from its all-time high of $3.84 and MATIC is down 75% from its all-time high of $2.92. Together, they constitute some of the worst performances seen among large altcoins over the past year.
However, for now, the cryptocurrency bull run appears to be far away as Bitcoin and altcoins continue to struggle in the market. Given the cryptocurrency market’s reliance on Bitcoin to start next bull run, a break towards $80,000 would likely kick off the next bull run. In this case, altcoins are expected to run alongside him, even reaching new all-time highs.
Featured image created with Dall.E, chart from Tradingview.com