Altcoins
New Super Bullish Altcoin Predictions Emerge
Last updated: May 10, 2024 at 5:11 p.m. EDT | 1 minute reading
As the crypto bull market eases midway through Q2 2024, analysts are mobilizing to combat the FUD with new super bullish altcoin forecasts.
Popular crypto account Altcoin daily came out earlier this week with a long list of predictions.
My 2024 PEAK BULL RUN PRICE GOALS! 🎯 #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$$XRP – $5$DOGE – $1.90$TONS – 35$$AVAX – $350$TRX – $2$NEAR – 130$$PROPY -…
– Altcoin Daily (@AltcoinDailyio) May 7, 2024
They see Bitcoin (BTC) reaching $120,000, Ether (ETH) at $8,800, and Solana (SOL) at $720.
This would represent a gain of almost 100% for Bitcoinlast at $60,600.
For Ether And Solanathis would mean gains of 200% and 400%.
Popular crypto analyst Deezy.eth recently released his own predictions.
2024 PRICE TARGETS 🚀$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 $29$EFP $0.25$SUI $4.20$APE $5$AGIX $4.20
Where was I too optimistic, where was I too…
– Deezy.eth (@deezy_BTC) May 7, 2024
He see Cardano (ADA) rose 13.25x, or 1,225%, from its current levels of $0.445 to $5.90.
He also sees XRP (XRP) explodes to $1.80 and Dogecoin (DOGE) rebounds to $0.50, 260% and 250% rally, respectively.
Crypto bull market takes a breather
These super bullish altcoin predictions are released during high FUD in the crypto market.
Most altcoins And coins rose from February to March as Bitcoin hit new record highs above $70,000.
But like the optimism/demand for spot Bitcoin ETFs subsided and macroeconomic headwinds accumulated, sharp corrections were seen across the market.
While BTC is only down about 17% from its March high 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 has historically been the case.
Takeovers after the halving in BTC generally does not start for 4 to 6 months.
And this post-halving market lull coincides with the upcoming summer season, which typically brings consolidation for crypto.
We should therefore not expect an immediate recovery. However, few would deny that the market is halfway through a new bull market.
That being said, 10x Research recently warned This unlocked token could hamper the altcoin’s rally if VCs choose to dump.
Beware of token unlocks. Will VC funds shorten this Altcoin cycle?
👇1-12) The current cryptocurrency bull market cycle may be shorter than previous ones and is unlikely to result in a large altcoin rally. Are crypto venture funds to blame?
👇2-12)… pic.twitter.com/nICNYmtDyK
– 10x Research (@10x_Research) May 8, 2024
Altcoin investing has a lot of potential. But so does the often-overlooked strategy of investing in crypto. pre-sales.
Crypto investors scanning the altcoin market for opportunities should also check out the presale market.
Here are 20 of Cryptonews’ top picks for 2024.
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.