Altcoin
New super bullish Altcoin predictions emerge
Last updated: May 10, 2024 3:19 pm EDT | 1 minute read
As the cryptocurrency bull market eases midway through the second quarter of 2024, analysts are stepping up to combat FUD with new super bullish altcoin predictions.
Popular crypto account Altcoin Daily came out earlier this week with a long list of predictions.
My BULL RUN PEAK PRICE GOALS for 2024! 🎯 #crypto$BTC – 120,000$ETH – $8,800$SOL – $720$LINK – $120$BNB – $1800$ICP – $460$TAO – $2,100$ADA – $9$INJ – $220$RNDR – $80$POINT – $99$ONDO – $12$XRP – $5$DOGE – $1.90$TON – $35$AVAX – $350$TRX – $2$NEAR – $130$OWN -…
— Altcoin Daily (@AltcoinDailyio) May 7, 2024
They see Bitcoin (BTC) at $120,000, Ether (ETH) at $8,800 and Solana (SOL) at $720.
This would mark gains of nearly 100%. Bitcoinlast at $60,600.
For Ether AND Solanathat would mean gains of 200% and 400%.
Famous crypto analyst Deezy.eth recently published his predictions.
PRICE OBJECTIVES 2024 🚀$BTC – $94,000$ETH – $6,900$SOL – $420$ADA – $5.90$DOGE – $0.50$XRP – $1.80$AVAX $220$LINK $50$HBAR $1.00$RNDR $37$NEAR $20$MATIC $2.50$ICP $30$TIA $50$POINT $29$IFP $0.25$SUI $4.20$APE $5$AGIX $4.20
Where was I too bullish, where was I too…
— Deezy.eth (@deezy_BTC) May 7, 2024
He sees Cardan (ADA) up 13.25 times or 1.225% from its current levels of $0.445 to $5.90.
See also XRP (XRP) Explodes to $1.80 and Dogemoneta (DOGE) up to $0.50. This would mark a 260% and 250% rally respectively.
The cryptocurrency bull market takes a breather
These super bullish altcoin predictions are emerging at a time of high FUD in the cryptocurrency market.
Most altcoins AND meme coins they were pumping from February to March when Bitcoin hit new record highs above $70,000.
But as optimism regarding/request Spot Bitcoin ETF unfavorable macroeconomic factors eased and accumulated, sharp corrections were observed across the market.
While BTC has only fallen about 17% from its March record highs near $74,000, many altcoins have seen steeper declines.
Solana is down 30%, XRP is down 32%, Dogecoin is down 37%, and Cardano is down 45%.
The April halving failed to trigger an immediate market rally, as historically happens.
Send-halving Rallies in BTC typically don’t start for 4-6 months.
And this pause in the post-halving market coincides with the upcoming summer season, which typically leads to cryptocurrency consolidation.
Therefore, immediate rallies are not to be expected. But few would deny that the market is in the midst of a new bull market.
That said, 10x Research recently warned that token unlocking could hinder the altcoin rally if VCs choose to abandon.
Be careful with token unlocks. Will Venture Capital Funds Curtail This Altcoin Cycle?
👇1-12) The current cryptocurrency bull market cycle may be shorter than previous ones and is unlikely to culminate in a broad altcoin rally. Are crypto venture capital funds to blame?
👇2-12)… pic.twitter.com/nICNYmtDyK
— 10x Research (@10x_Research) May 8, 2024
Altcoin investments have great potential. But the same goes for the often overlooked strategy of investing in cryptocurrencies presales.
Cryptocurrency investors analyzing the altcoin market for opportunities should also check the presale market.
Here are Cryptonews’ top 20 picks for 2024.
See the 20 cryptocurrency presales
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.