Altcoins
Crypto Pundit Shares “Inevitable” Prices of Bitcoin and 5 Altcoins — TradingView News
With the crypto market expected to enter a bull run later this year, Bitcoin, alongside altcoins, is already expected to respond. As crypto investors look forward to this bull run, a crypto analyst has revealed where they expect the prices of six cryptocurrencies to reach.
Bitcoin and Altcoins are ready to move
As Bitcoin and altcoins begin their advance, Crypto Emily, an analyst, revealed where she expects the price of major cryptocurrencies to go. The analyst starts with Bitcoin, giving it a significant price before moving on to other altcoins.
For Bitcoin, Crypto Emily estimates that the price of the leading cryptocurrency will reach $100,000, joining the ranks of Bitcoin believers who think this is possible. Compared to the current price, this is a less than 50% price change for the leading crypto, suggesting it is possible.
Then, to go further, the crypto analyst turns his attention to altcoins. The first of the altcoins is Ethereum, which is the second largest cryptocurrency on the market. Although Ethereum failed to surpass $4,000, the crypto analyst expects the altcoin to see its price eventually reach $10,000 because it is inevitable.
This bullish trend is spilling over to other, larger altcoins besides Bitcoin and Ethereum. For example, Crypto Emily makes similar predictions for Solana price and BNB price. She expected Solana to rise another 600% to $1,000 from here, and then BNB to climb almost 50% to reach the same $1,000.
Next, the next altcoins to make the list are XRP and MATIC from Polygon. According to the crypto analyst, both of these digital assets will eventually reach $10, a similar price increase for both. However, what is even more interesting is how these two altcoins have performed over the past year.
$100,000 is inevitable for #Bitcoin
$10,000 is inevitable for #ETH
$1,000 is inevitable for #GROUND & #BNB
$10 is inevitable for $XRP & $MATIC
What are your targets❓
While Bitcoin and Ethereum have seen a major rise this year, XRP and MATIC have failed to make significant moves. XRP price is still down over 83% from its all-time high of $3.84 and MATIC is down 75% from its all-time high of $2.92. Together, they constitute some of the worst performances seen among major altcoins over the past year.
Nonetheless, for now, the cryptocurrency bull run seems far away as Bitcoin and altcoins continue to struggle in the market. Given the crypto market’s reliance on Bitcoin to kickstart the next bull run, a breakout towards $80,000 would likely kick off the next bull run. In this case, altcoins are expected to work alongside it, also reaching new all-time highs.