Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins
June 04 2024 - 3:00PM
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With the crypto market expected to enter a bull run later this
year, and Bitcoin, alongside altcoins, are already expected to be
responding to it. As crypto investors eagerly await this bull run,
a crypto analyst has revealed where they expect the prices of six
cryptocurrencies to reach. Bitcoin And Altcoins Set To Move As
Bitcoin and altcoins begin their move up, Crypto Emily, an analyst,
has revealed where she expects the price of major cryptocurrencies
to go. The analyst starts out with Bitcoin, giving it a major price
tag before moving on to other altcoins. Related Reading: Can
Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts
The Top For Bitcoin, Crypto Emily believes that the price of the
foremost cryptocurrency will rise to $100,000, joining the ranks of
Bitcoin believers who think this is possible. From the current
price, it is a less than 50% price move for the leading crypto,
suggesting that it is possible. Then moving further, the crypto
analyst turns her attention to altcoins. The first of the altcoins
is Ethereum, which is the second-largest cryptocurrency in the
market. Despite Ethereum failing to break $4,000, the crypto
analyst expects that the altcoin will see its price eventually
touch $10,000 as it’s inevitable. This bullishness carries on to
other larger altcoins besides Bitcoin and Ethereum. For example,
Crypto Emily makes similar forecasts for both the Solana price and
the BNB price. She expected Solana to rise another 600% to reach
$1,000 from here, and then for BNB to climb almost 50% to reach the
same $1,000. Moving on, the next altcoins to make the list are XRP
and Polygon’s MATIC. Both of these digital assets, the crypto
analyst believes will eventually reach $10, a similarly price
increase for both of them. However, what is even more interesting
is how both of these altcoins have performed over the last year.
$100k is inevitable for #Bitcoin $10k is inevitable for #ETH $1000
is inevitable for #SOL & #BNB $10 is inevitable for $XRP &
$MATIC What are your targets❓ — Emily’s Universe 💎 (@Crypto__emily)
June 2, 2024 While the likes of Bitcoin and Ethereum have seen
major upside this year, both XRP and MATIC have failed to make any
meaningful moves. The XRP price is still over 83% down from its
$3.84 all-time high and MATIC is 75% down from its $2.92 all-time
high. Together, the constitute some of the worst performances seen
among large altcoins over the last year. Related Reading: Chainlink
Is Not Done: Analyst Predicts 300% Rise Against Bitcoin
Nevertheless, for now, the crypto bull run looks to be far off as
Bitcoin and altcoins continue to struggle in the market. Given the
crypto market’s dependency on Bitcoin to begin the next bull run, a
break toward $80,000 would likely kickstart the next bull run. In
this case, altcoins are expected to run alongside it, making new
all-time highs as well. Featured image created with Dall.E, chart
from Tradingview.com
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