Altcoin
Trader Who Predicted Bitcoin Rise Eyes 3 Altcoins in 2024 for High Returns by June
The forecasts of experienced traders and analysts have often formed the basis for investor sentiment. With years of experience, these cryptocurrency traders have eagle eyes, which leads to many accurate predictions. A veteran trader known as Bob Lukas has made a bullish prediction for Bitcoin, predicting a BTC rally to $74,000. Recently, he revealed three altcoins: Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP), as the next big plays poised for 10x returns by June.
The trader expects a Bitcoin rally to $74,000
In January, Bob Lukas, a renowned trader who enjoys a sizeable following on social media platforms such as Twitter and YouTube, attracted attention for his bold predictions. Lukas’ prediction focuses on the cyclical nature of Bitcoin price movements, particularly regarding four-year halving cycles. With the recent halving in April 2024, Lukas had predicted a rise in the price of Bitcoin, potentially reaching $74,000 by 2025. However, Bitcoin surpassed his predictions, reaching the $74,000 mark in March. Recently, he revealed three altcoins poised for 10x growth in June, which opened up great possibilities for investors.
Solana (SOL)
Among Lukas’ picks for the next big move is Solana (SOL), which has attracted the attention of both investors and analysts thanks to its high yield and low transaction fees. Currently the fifth largest cryptocurrency by market capitalization, Solana is one of the fastest growing cryptocurrencies, with SOL experiencing a 450% increase year-to-date. Even though it has seen a 20% decline in the last seven days, Solana has demonstrated resilience, attracting significant investment inflows. Solana’s transaction volume also increased, becoming the second largest Blockchain by transaction volume, further solidifying its position as a significant player in the cryptocurrency market. The trader believes that although SOL had a choppy performance in April following the network congestion issue, it will witness gains in May, leading to a 10x price rally in June. The trader believes that the rise of meme coins within the Solana ecosystem is a major bullish factor for Solana. With meme coins like Book of Meme (BOME), Hump (HUMP), Dogwifhat (WIF), and Bonk (BONK) witnessing gigantic gains, he expects further interest from developers, pushing Solana to a 10x increase in July.
Shiba Inu (SHIB)
Shiba Inu (SHIB), a meme coin inspired by the popular dog breed, has had a good year. Despite a recent 19% price drop following the overall market downturn, the trader expects a bullish rally in June. It supports the bullish forecast of lead analyst Ali Martinez, who identified a potential bullish flag formation on the daily chart, formed by a consolidation between price peaks. With Shiba Inu’s high potential for a bullish reversal soon, SHIB will recover and position itself for a strong uptrend to gain 10x in June. Shiba Inu demonstrates its high profitability as more than 16% of the total active addresses are still posting earnings despite the market correction. According to the trader, the token burn mechanism accelerated Shiba Inu’s bullish momentum. Even though millions of tokens have been burned, the immediate effect is minimal. However, Lukas believes that before June its impact will be felt, causing the value of SHIB to rise by several levels. With the Shibarium hard fork event just a day away, anticipation is high as this is expected to have a positive impact on SHIB value.
Hump (HUMP)
The Solana Blockchain has become home to successful meme coins, and its speed and scalability contribute to their success. One such popular meme coin is Hump (HUMP), and the trader was identified as an over-performer in June. Inspired by the face of a cute pet, Hump (HUMP) stands out for its innovative features as it offers investors a unique value proposition, including zero transaction fees and a focus on inclusivity. After its introduction in March, HUMP saw its value skyrocket by a staggering 5000%. The sensational growth underlines the high investor confidence in the currency. HUMP’s total supply is capped at 6.9 billion, a strategic figure that balances accessibility and scarcity, protecting the token from price drops caused by inflation. This trader believes Hump is poised for further gains before June, potentially seeing a 10x increase. With HUMP purchasing facilitated by major decentralized exchanges (DEXs) such as Raydium and Jupiter, and a simple purchasing process where investors can trade SOL for HUMP, it is currently building a bullish base. The meme coin has already been listed on CoinMarketCap and CoinGecko and plans are underway ahead of its listing on major centralized exchanges (CEX). The trader expects gigantic returns for investors, with HUMP following in the wake of BONK and WIF and even surpassing them.
Investing for 10X earnings in June 2024
Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP) are three altcoins that a veteran trader, Lukas, has identified as having high potential for a 10x rally in June 2024. Solana’s Exceptional Growth This Year and its reputation as a thriving ecosystem sets the stage for its rally potential, while the Shiba Inu’s combustion mechanism is expected to produce results before June. Hump, a new meme coin, has attracted attention with its whopping 5000% increase since its introduction. With its listing coming up on centralized exchanges and excitement given its unique utility, Hump could earn 10x in June or sooner.
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