With the crypto market expected to undergo a bull run later this year, Bitcoin, alongside altcoins, is already expected to respond. As crypto investors eagerly await this bull run, a crypto analyst has revealed where they expect the prices of six cryptocurrencies to rise.
Bitcoin and Altcoins are moving
As Bitcoin and altcoins begin their rise, Crypto Emily, an analyst, has revealed where she expects the price of major cryptocurrencies to go. The analyst starts with Bitcoin and gives it a big price tag before moving on to other altcoins.
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For Bitcoin, Crypto Emily believes the price of the leading cryptocurrency will rise to $100,000, joining the ranks of Bitcoin believers who think this is possible. Relative to the current price, it is a price move of less than 50% for the leading cryptocurrency, suggesting this is possible.
The crypto analyst then moves on and turns her attention to altcoins. The first of the altcoins is Ethereum, the second largest cryptocurrency on the market. Despite Ethereum’s failure to break $4,000, the crypto analyst expects the altcoin’s price to eventually reach $10,000 as this is inevitable.
This bullishness continues in other larger altcoins besides Bitcoin and Ethereum. For example, Crypto Emily makes similar predictions for both Solana price and BNB price. She expected Solana to rise another 600% to reach $1,000 from here, and then BNB to rise almost 50% to reach the same $1,000.
Moving on, the next altcoins to make the list are XRP and Polygon’s MATIC. The crypto analyst believes that both digital assets will eventually reach $10, a similar price increase for both. What’s even more interesting, however, is how both altcoins have performed over the past year.
$100,000 is unavoidable for that #Bitcoin
$10,000 is unavoidable for that #ETH
$1000 is unavoidable for that #SOL & #BNB
$10 is unavoidable for $XRP & $MATIC
What are your objectives❓
— Emily’s Universe 💎 (@Crypto__emily) June 2, 2024
While Bitcoin and Ethereum have seen major upside this year, both XRP and MATIC have failed to make any meaningful moves. The Together, these represent some of the worst performances among the major altcoins in the past year.
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Nevertheless, the crypto bull run seems far away for now as Bitcoin and altcoins are still struggling in the market. Given the crypto market’s dependence on Bitcoin to kick off the next bull run, a break to $80,000 would likely kick off the next bull run. In this case, altcoins are expected to run alongside it, also reaching new all-time highs.
Featured image created with Dall.E, chart from Tradingview.com