A lot of cryptocurrency traders are anticipating the upcoming altcoin season. The latest price moves of the market leader in cryptocurrencies, Bitcoin (BTC), which saw its price rise past the $21,000 mark, increased this anticipation even further. At the time of publication, BTC’s price had retraced 1.71% and was trading at $20,861.45.
The increasing dominance of cryptocurrencies portends a bullish rally for altcoins in the short future, which will lead to an altcoin season. On Twitter yesterday morning, one cryptocurrency trader posted his forecasts for the prices of several well-known altcoins.
Despite the overall crypto market cap, as measured by CoinMarketCap, declining 1.93% over the last 24 hours, it is still above $1 trillion. This is mainly because of the recent bullish price swings, which have seen altcoin dominance surpass that of BTC.
Chainlink (LINK) will rise to $15, Fantom (FTM) will trade between $0.75 and $1, Zilliqa (ZIL) will rise to $0.10, Binance Coin (BNB) will hit $500, and Ethereum (ETH) will rise to $2,500, predicts cryptocurrency dealer Michal van de Poppe (@CryptoMichNL). He clarified in the tweet that these forecasts apply to the months ahead.
According to CoinMarketCap, the price of LINK is $8.22, while the prices of FTM and ZIL are $0.2692 and $0.03239, respectively. ETH is presently trading at $1,586.61 and BNB is valued at $337.85. Over the past 24 hours, the values of each of these alternative coins have decreased.
- By CoinEdition, a Crypto Trader Predicts Growth for 5 Altcoins
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