Ethereum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-weigh-in-as-crypto-halving-approaches/" data-wpel-link="internal">Analysts Weigh In as Crypto Halving Approaches</a> 
As the crypto halving event draws closer, all eyes are turning to the comments made by analysts. While the prices of <a href="https://coin-turk.com/sicak-gelisme-bitcoin-fiyati-28-000-dolari-da-gecti-hedef-30-000-dolar-mi" data-wpel-link="internal">Bitcoin</a> and other cryptocurrencies are clearly on the decline, these analyst comments seem to carry more weight. 
<h2 id="analyst-s-predictions-for-ethereum-and-bitcoin">Analyst’s Predictions for Ethereum and Bitcoin</h2> 
A popular crypto analyst in the cryptocurrency world has been listing his top price predictions for <a href="https://en.coin-turk.com/bitcoin-and-ethereum-provoke-bewilderment-analyst-who-provided-prescient-forecasts-shines-light-on-both-btc-and-eth/" data-wpel-link="internal">Ethereum</a> (ETH) and <a href="https://en.coin-turk.com/cryptocurrency-market-experiences-sudden-correction/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/binance-us-sidney-majalyayi-risk-yoneticisi-olarak-ise-aldi" data-wpel-link="internal">BTC</a>) one after the other regarding the current bull market cycle. 
The analyst named Credible attracted attention by telling his followers on social media platform X that Ethereum will surpass “at least” $10,000. However, he reiterated that Ethereum could realistically rise to $20,000. 
He based this prediction on the gains he expects Bitcoin to see and added: 
<blockquote> 
 I think we have a chance to reach a peak near $20,000. It’s quite simple – I believe <a href="https://en.coin-turk.com/ordinals-tokens-continue-to-dominate-the-bitcoin-network/" data-wpel-link="internal">BTC</a> can realistically double from our last high of $69,000 – which means most altcoins will multiply that. For ETH, 3-4 times the previous all-time high takes us to $15,000-$20,000. 
</blockquote> 
While all this was happening, Ethereum was trading at $3,271 and had fallen more than 6% in the last 24 hours, causing concern among investors. 
<h2 id="analyst-s-opinion-on-xrp">Analyst’s Opinion on XRP</h2> 
Credible also stated in another comment that XRP could surpass the $10 level and pointed out that the altcoin, which centers payment systems, had exceeded Ethereum’s market value in a previous cycle. 
<blockquote> 
 The fact is, with the current circulating supply, $10,000 ETH is equivalent to $20+ XRP. So if you think $10 for XRP is impossible but $10,000 for ETH is realistic, you need to check your biases very quickly. 
</blockquote> 
At the time of writing this article, XRP was trading at $0.59. 
If we were to make shorter-term price predictions, the analyst indicated that Bitcoin could continue to trade at these price levels for a while longer. 
<blockquote> 
 Bids are now limiting or trying to limit the price downward, just as demands were previously limiting it upward. However, open interest is increasing, so we should experience a nice surge once we break out of this range. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336640" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-en-alt-coin-turk-com.jpg" alt="" width="769" height="462"> 
As of the time of writing, the price of Bitcoin had fallen sharply to $65,615, causing unease among investors. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-weigh-in-as-crypto-halving-approaches/" data-wpel-link="internal">Analysts Weigh In as Crypto Halving Approaches</a></h5>

Analysts Weigh In as Crypto Halving Approaches

목차

COINTURK NEWS

2024년 4월 2일에 게재된 다른 기사

MATIC vs ALGT, Top Analyst Says Algotech Will Hit $2 Before Polygon

Significant Drop in Cryptocurrency Prices

BOME up by 20% while Bitcoin crashes by 6% – Why?

Can Chatbots Slash Local Government Email Burden by Half?

FLOKI Eyes New All-Time High After 333% Month-long Surge, Investors Rally Behind this New AI Altcoin

Your Crypto Roadmap to 20X: Undiscovered Altcoins on the Rise

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!