Altcoins
Analyst Unveils Bitcoin, Ethereum Price Targets, Says Incoming Altcoin Opportunities Will Be “Crazy”
A widely followed analyst believes that the crypto market is about to witness the next stage of its bull cycle.
Pseudonymous analyst Kaleo tells his 639,700 followers on social media platform X that the real bull market hasn’t even started yet.
Crypto Strategist Says Bitcoin (BTC) is currently in its post-halving accumulation phase as it prepares to rally towards an upside target of up to $200,000.
“The upside of each major bull market has seen significant attrition from a growth percentage perspective following a halving, with each move from the respective all-time high (ATH) reducing by approximately 3.5x from the previous cycle. If this trend continues, this cycle’s ATH for BTC would be between $150,000 and $200,000.
Source: Kaléo/X
At the time of writing, Bitcoin is trading at $70,016.
Looking at Ethereum (ETH), Kaleo believes the leading smart contract platform will hit around $12,000 this cycle.
“As fun as today’s news is, this chart is only getting heated up. Send it higher.
Source: Kaléo/X
At the time of writing, ETH is worth $3,774.
As for other crypto assets, Kaleo believes that massive capital inflows into Bitcoin and Ethereum will spark an altcoin mania.
“The opportunity presented by THIS type of money transfer will be insane. Alts and DApps (decentralized applications) will go crazy. We’ll likely see a crypto-native DApp hit the mainstream market at some point. Retail hasn’t even appeared in mass yet.
Don’t let the chop shake you. We’re just warming up.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway