Cryptocurrency Market Forecasts

ForkLog 28 03.06.2024

Chamath Palihapitiya Predicts Bitcoin Surge to $500,000

Venture capitalist Chamath Palihapitiya discussed a potential path for the widespread adoption of Bitcoin on the All-In podcast, suggesting the cryptocurrency’s price could rise to $500,000. According to the billionaire, the “powerful concept” of adopting digital gold was explained to him by Xapo custodian founder Wences Casares. The entrepreneur is confident that more countries will […]

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ForkLog 44 03.06.2024

Bitcoin Could Reach $130,000 by September 2025, Analyst Predicts

By the fourth quarter of 2025, Bitcoin may rise to $130,000–150,000, provided its price follows the trajectory of previous bull markets post-halving, according to technical analyst and head of Factor LLC Peter Brandt. The expert noted that the periods of halving miner rewards represent an “almost perfect symmetry” in the history of the first cryptocurrency. […]

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ForkLog 13 31.05.2024

Bitcoin Faces Uncertainty Amid Mt.Gox Compensation Distribution

Bitcoin is experiencing uncertainty due to the distribution of Mt.Gox compensations. Ethereum may find itself in a favorable position following the approval of spot ETFs. Meme tokens continue to attract traders’ attention. The price of Bitcoin is being held back by uncertainty surrounding the potential distribution of assets from the Mt.Gox exchange. This is reported […]

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ForkLog 9 28.05.2024

CryptoQuant Predicts Continued Bitcoin Bull Rally

Indicators suggest the bullish phase of the market is not yet over, according to experts at CryptoQuant. The #Bitcoin bull market is still not over “In past bull markets, MVRV peaked at 4.83 and 3.97, and currently has only reached 2.78. It has still not entered the overvalued zone and further rises can be expected.” […]

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ForkLog 21 27.05.2024

Ethereum Price Could Reach $4500, Predicts Expert

The price of Ethereum may rise to $4500 even before the launch of spot ETFs based on the cryptocurrency, according to Arthur Cheong, founder and CEO of DeFiance Capital. 4.5k before spot ETF go live for trading imo. — Arthur (@Arthur_0x) May 26, 2024 On May 23, the U.S. Securities and Exchange Commission (SEC) approved […]

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ForkLog 15 22.05.2024

Bernstein Analysts Predict Ethereum Surge to $6600 with ETF Approval

Approval by the SEC of spot exchange-traded funds based on Ethereum could lead to a 75% increase in the asset’s price, reaching $6600. This view was expressed by Bernstein analysts Gautam Chhugani and Mahika Sapra, as reported by DL News. According to their assessment, the approval of spot Bitcoin ETFs in January resulted in a […]

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ForkLog 10 18.05.2024

Solana Predicted to Reach $200 by May’s End, Says Expert

The cryptocurrency Solana (SOL) is expected to return to the $200 level by the end of May, according to Daniel Cheung, co-founder of the hedge fund Syncracy Capital. Strength on $SOL has been incredible on this bounce — very clear this is still the best trade of this cycle. Much more confident here on ability […]

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ForkLog 21 16.05.2024

Millennium Management Acquires $1.94 Billion in Spot Bitcoin ETFs

By the end of the first quarter of 2024, hedge fund Millennium Management held $1.94 billion in spot bitcoin ETFs. This amount represents 3% of its AUM ($64 billion). The firm allocated its investments as follows: ARK 21Shares Bitcoin ETF (ARKB) — $45 million; Bitwise Bitcoin ETF (BITB) — $44.7 million; Grayscale Bitcoin Trust (GBTC) […]

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ForkLog 18 15.05.2024

Solana Predicted to Surge to $400 by November

Solana (SOL) is expected to rise to $400 by November 2024, driven by a wave of meme coins linked to the US presidential election campaign. This forecast was made by CIO of Merkle Tree Capital, Ryan Macmillan, as reported by DL News. The expert noted that assets like Jeo Boden (BODEN) and Doland Tremp (TREMP) […]

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ForkLog 8 15.05.2024

Mike Novogratz Predicts Bitcoin to Reach $75,000 by June’s End

Bitcoin is currently consolidating within the $55,000–$75,000 range, with prices expected to reach the upper boundary by the end of the second quarter. This was stated by Galaxy Digital CEO Mike Novogratz, according to Cointelegraph. “Bitcoin, Ethereum, Solana, and other cryptocurrencies will consolidate […] until the next set of market events lifts us higher,” he […]

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ForkLog 11 14.05.2024

Glassnode Advises Caution Amid Potential Bitcoin Sell-Off

On-chain indicators suggest that Bitcoin is experiencing a phase of consolidation and potential correction. Market participants should exercise caution, warned Glassnode. Experts proposed a system of metrics to track market trends and shifts: On-chain activity: an increase in these metrics usually correlates positively with price growth. Profitability: a trend of rising unrealized profits indicates periods […]

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ForkLog 28 14.05.2024

Bernstein: Bitcoin’s Price Plateau Favors Public Miners

Bitcoin’s “flat” price movement post-halving benefits public miners. Major miners have opportunities to increase market share amid declining revenues. The sale of accumulated cryptocurrency reserves by miners remains possible. Analysts at Bernstein believe that Bitcoin’s “almost flat” price movement is ideal for public miners in their competition for hash rate. This is reported by The […]

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