Within the rapidly evolving realm of cryptocurrencies, wherein fortunes may be amassed almost overnight, professional evaluations and forecasts carry considerable weight. Now enter a former Wall Street analyst who was well-known for his audacious forecasts and keen understanding of the market. This analyst recently created a stir when he predicted that Bitcoin (BTC) will hit $200,000 during the upcoming 202425 bull run. Furthermore, Hump (HUMP), a rival cryptocurrency to Solana that is trading for less than $0.05, is highlighted as the most likely altcoin to rise with Bitcoin during the cycle. Lets explore the in-depth research and insightful commentary offered by this knowledgeable analyst.

Amidst conjecture and expectancy over the impending surge in value, the ex-Wall Street expert ventures an audacious forecast on the success of Bitcoin. The analyst projects that Bitcoin will hit a new all-time high (ATH), with the price rising to an astounding $200,000 during the 202425 cycle, based on his knowledge and comprehension of market trends.

This bullish view stems from several reasons, including growing institutional use, demand for digital assets due to the impending halving of Bitcoin, and macroeconomic dynamics that support digital assets as a buffer against rising global inflation.

As Bitcoin gains prominence due to its anticipated growth, the former Wall Street analyst highlights a lesser-known but rapidly emerging competitor in the cryptocurrency space: Hump (HUMP). Hump, positioned as a rival to Solana and priced around $0.05, has drawn notice for its cutting-edge features, active community, and potential for rapid expansion. The analyst, who draws comparisons to Solanas explosive ascent, believes that Hump has the best chance of rallying with Bitcoin during the next bull run because of its low entry price, solid fundamentals, and upcoming listing of crypto exchanges.

What distinguishes Hump from the other available altcoins? The ex-Wall Street analyst identifies several crucial elements that could support Humps success:

Experienced analysts, such as the former Wall Street specialist, provide insightful advice and a unique viewpoint to investors navigating the intricacies of the crypto market. Investors are better able to make judgments and take advantage of new opportunities when they integrate market research, fundamental analysis, and risk management techniques. With altcoins like Hump positioned for a rapid rise and Bitcoin set for a meteoric ascent, the 202425 bull run offers a plethora of opportunities for those with the insight and guts to take them.

The former Wall Street analysts forecasts that Bitcoin will reach $200,000 and that Hump will become a prominent alternative coin highlight how fascinating the cryptocurrency market is. Investors have the chance to profit on the potential of Bitcoin and other cryptocurrencies like Hump (HUMP) as the 202425 bull run develops, setting themselves up for large returns in the next months and years. Through meticulous examination, astute diversification, and an openness to novelty, investors can confidently traverse the market and unleash the latent possibilities inherent in the digital asset terrain.

Click here to Buy Hump Token (HUMP):

Website: https://hump.io/

Twitter: https://x.com/Humptoken

Telegram: https://t.me/humptoken

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Former Wall Street Analyst Predicts Bitcoin (BTC) Will Reach $200,000 During the 2024-25 Bull Run, Highlights Solana ... - Cryptonews

Can altcoins rebound? Analyzing expert predictions and key indicators following Bitcoins recent halving.

In the wake of Bitcoins (BTC) recent halving event, the crypto market has been anything but predictable.

While many anticipated a surge in Bitcoins value, the reality has been a bit more subdued. In fact, the market remains relatively flat, lingering below the record-breaking highs witnessed in March 2024. Throughout this period of anticipation and adjustment, altcoins have taken a hit.

Investors seemed to have favored Bitcoin over its alternatives, causing a noticeable bleed in the altcoin market. Since March, the combined market cap of altcoins has seen a sharp decline, plummeting from a peak of $1.27 trillion to a low of $908 billion by Apr. 13.

Although there has been a modest recovery since then, with the market cap climbing back to around $1.06 trillion as of Apr. 23, the road to stability remains uncertain.

The past month has been particularly challenging for many altcoins. Approximately 80% of the top 100 altcoins have witnessed declines ranging from 2% to as much as 50%.

Even Ethereum (ETH), the leading altcoin by market cap, has not been immune to this downturn. Despite reaching a high of $3,727 on Apr. 8, its value has steadily declined in the days that followed.

As of Apr. 23, Ethereum is trading at approximately $3,200, reflecting the downward trend in the altcoin market.

With Bitcoins dominance remaining strong, where could altcoins potentially find their footing in the market? Lets find out.

In bullish market cycles, Bitcoin typically leads the charge, attracting mainstream attention and investment.

Following Bitcoins surge, a phenomenon known as the altcoin season often occurs, where capital flows into altcoins. This pattern has been observed in previous bull markets, such as those in 2017-2018 and 2020-2021, where altcoins sometimes outperformed Bitcoin.

During an altcoin season, Bitcoins dominance in the market tends to decrease as altcoins collectively gain a larger share. However, the current market situation does not reflect this trend.

Analyzing data from past cycles, we find that altcoin seasons historically commence shortly after the Bitcoin halving event.

One crucial metric to monitor for signs of an impending altcoin rally is the Altcoin Season Index. This index provides insights into the relative strength of altcoins compared to Bitcoin.

While the recent Bitcoin halving event initially caused the index to dip, indicating a period of Bitcoin dominance, its essential to note that altcoins experienced a steeper decline in value during this time.

When the Altcoin Season Index surpasses a certain threshold, typically above 75, it suggests an increased probability of an altcoin rally.

As of the latest data, the Altcoin Season Index stands at 39, indicating that an altcoin season may still be some time away.

Fortunately, it isnt #altcoin season yet, so there is still plenty of time to prepare.

But you cannot wait for the #altcoin season to begin before you start positioning yourself. Its better to get in early than late! pic.twitter.com/MtGGgk1V3D

Another critical indicator is Tether (USDT) Dominance, which tracks the market share of the USDT stablecoin compared to other cryptocurrencies.

A downward trend in USDT dominance suggests that investors are increasingly willing to take on risk by exchanging stablecoins for crypto assets, potentially signaling the beginning of an altcoin season. The current analysis of the USDT dominance chart shows that making new lower lows correlates with the early signs of altcoin rallies.

Conversely, a change towards an upward trend in USDT dominance would indicate a preference for stablecoins over altcoins, potentially delaying the onset of an altcoin season.

Timing is also crucial to consider. While altcoin rallies can occur at any time, they often coincide with specific market conditions, such as several weeks or months after Bitcoins halving events.

This delay can be attributed to the time it takes for market participants to digest the implications of Bitcoins halving and reallocate their investments accordingly.

To gauge whether altcoins are picking up pace, you should pay close attention to an increase in trading volume accompanied by sustained price appreciation across multiple altcoins.

Emperor, a seasoned crypto analyst, observes that pre-halving Bitcoin dominance was on the rise, nearing its peak support level established after the post-halving dump in 2020.

Pre-Halving BTC Dominance Pump Almost Completed.

1. Increased EXACTLY till the last support level created after post-halving dump in 2020.

2. Most altcoins already outperforming BTC. We might have a major alt rally while approaching May if BTC remains stable.

This aligns with… pic.twitter.com/msLYk8H4Dg

— Emperor? (@EmperorBTC) April 20, 2024

As we approach May, Emperor anticipates a potential major rally in altcoins, especially if Bitcoin maintains stability.

Emperor suggests a speculative scenario where Bitcoin may recover to around $68,000 or even reach its all-time high, attracting top buyers looking to exit at profitable levels.

Meanwhile, altcoins, particularly those that have shown strength in recent months, may experience rallies.

Michal van de Poppe, another respected crypto analyst, echoes the sentiment that the post-halving market sentiments are shifting towards altcoins.

He notes that as Bitcoin dominance decreases, indicating a rotation in the market, the time for altcoins is on the horizon.

Michal also suggested the role of Ethereum (ETH), which is evolving into a stronger settlement layer within the crypto ecosystem that could impact altcoin performance in the coming months.

The time for #Altcoins is on the horizon.

It depends on Ethereum, which is currently becoming a stronger settlement layer.

The likelihood of an ETF is low, but the answer is coming in a month.

I'm positioning long on this.

Hence, you should closely monitor key indicators, such as Bitcoin dominance, and keep a check on altcoins to make informed decisions about your crypto portfolios. Always remember the golden rule of investing: never invest more than you can afford to lose.

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Altcoin season approaching? Insights from experts amid Bitcoin's halving aftermath - crypto.news

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As Bitcoin continues to navigate challenges, PEPE and the newly introduced AI-driven altcoin Borroe Finance (ROE) are gaining traction, offering promising growth prospects in a fluctuating market.

In Q1, Bitcoin reached an all-time high of over $73,000. However, a few weeks after this record was set, the price of BTC began to decline again. Experts have said that the upcoming Bitcoin halving will positively impact the current situation, every enthusiast in the crypto space is eagerly waiting for the event.

In other news, while some altcoins are having their share of difficulty, others are showing impressive performances. Two of these top altcoins include PEPE and a new player to the scene, an AI altcoin, Borroe Finance (ROE). These coins have been seeing a bullish movement and have great prospects.

Borroe Finance is an AI-Funding marketplace to help web3 businesses raise capital and manage their cash flow operations daily. The platform allows them to mint and sell trending NFTs as future earnings, which provides them with instant cash to run their business. Borroe Finance has taken unique approaches such as token burn strategies, liquidity lock mechanisms, and more, which in turn help to boost the value of ROE.

Now, Borroe Finance is becoming one of the most promising crypto coins as it is already drawing the attention of investors. And one of its unique selling points is its impressive ROI. At the beginning of the presale, it was selling for $0.01. And now in the last stage, ROE is selling at $0.02, creating a 100% ROI already.

With this kind of performance, it is likely to become one of the leading ICOs in the industry.

Crypto investors are captivated by this huge RIO and are experiencing FOMO (fear of missing out). Borroe Finance appears to be a promising cryptocurrency to invest in before it increases explosively, as predicted by analysts. They have predicted that it will have 100X growth after its presale closes.

PEPE has been trending for some days even with the fall in the crypto market. PEPE went straight down into a support level during the step-down. Luckily, the coin found a base and almost right away made a comeback. Since PEPE is selling in the green, experts think its value will go up even more in the coming days. In particular, PEPE is expected to hit $0.0000080, showing a 5.2% increase in its price.

The crypto market has not been favorable to Bitcoin for some weeks now. Now, BTC grapples with volatility and losses.

The price has been so unstable that the swing is becoming the norm. Apart from the volatility, there is also regulatory concern, which further compounds the situation. There has also been scalability concern, which is one of the issues that the halving event is meant to take care of.

With the most recent halving occurring in May 2020, BTC has experienced an unprecedented run. That streak continues this year spurred by steps toward better trading accessibility and the upcoming halvingwhich is intended to reduce the number of Bitcoin created.

Bitcoin reached an all-time high of just over $73,797 in March. The record seems to offset the approaching payout shortfall for miners. However, diminishing returns may hinder miners from buying the latest and fastest computer hardware. They may even decide to suspend their work because expenses are higher than profits.

Although the market is not favorable for Bitcoin at the moment, analysts have said there is no cause for alarm as the crypto giant has seen worse. Amid all the instability that is going on in the crypto market, PEPE and Borroe Finance have been on a bullish trend, thereby attracting investors.

To learn more about Borroe Finance, visit the Borroe Finance Presale, join the Telegram Group, or follow Borroe Finance on Twitter.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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As BTC faces hard times, Pepe and new AI altcoin eye growth - crypto.news

Only six altcoins among the top 50 tokens by market capitalization have managed to outperform Bitcoin (BTC) so far this year, as Bitcoin dominance reached a three-year high over the weekend.

The memecoin Dogecoin (DOGE) stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% climbing from $0.09 on Jan. 1 to $0.15 at the time of publication, per TradingView data.

Included in the remaining outperformers are fellow memecoin Shiba Inu (SHIB), Bitcoin smart contract network Stacks (STX), Binances BNB (BNB), Ethereum layer-2 network Mantle (MNT) and GPU-sharing blockchain network Render (RNDR).

Bitcoin has grown from a price of $44,100 on Jan. 1 to $65,000 at the time of publication, a year-to-date gain of 54%.

Many have pegged the price rise to consistent institutional inflows into the 10 United States-traded spot Bitcoin exchange-traded funds (ETFs) approved in January this year, generating more than $12 billion in cumulative net inflows, per Farside Investors data.

Notably, Bitcoin dominance pushed to a new year three-year high of 56.5% on April 13, as the cryptocurrency bounced back sharply from a marketwide sell-off sparked by escalating geopolitical tensions in the Middle East.

The Bitcoin dominance metric refers to the ratio of Bitcoins market cap compared to the cumulative market cap of all other cryptocurrencies.

While Bitcoin recovered ground in the following days, the majority of smaller altcoins failed to find their footing and tumbled significantly in price.

Alternative layer-1 network Aptos (APT) and decentralized crypto exchange Uniswap (UNI) led the decline among the top tokens 50 by market cap, posting losses of 35% and 31%, respectively, in the last seven days.

Related: Bitcoins normal drop leads to $256M longs liquidated Analysts

In an April 14 investment note viewed by Cointelegraph, IG Market analyst Tony Sycamore said Bitcoin appears to be on track for its fourth weekly decline, with the expectations of no further U.S. Federal Reserve rate weighing on crypto investing sentiment.

Despite the current negative-leaning sentiment toward risk assets, Sycamore predicted that Bitcoin would gradually climb to around $80,000 in the coming months depending on whether or not it can hold above its key support mark.

Providing Bitcoin remains above the [$60,000$58,000] support zone, we expect the uptrend to resume towards $80,000, Sycamore wrote.

Magazine: 5 dangers to beware when apeing into Solana memecoins

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Only 6 altcoins in the top 50 have outperformed Bitcoin this year - Cointelegraph

The Bitcoin (BTC-USD) halving is finally here, and the outlook remains bullish for the cryptocurrency. Since the last halving in 2020, Bitcoin has surged by 650%. If these returns are replicated, the cryptocurrency can touch $435,000 before the 2028 halving. Of course, thats a long-term view. I believe Bitcoin will likely trade above $100,000 in the current bull market. Therefore, its also a good time to buy some of the best altcoins.

Besides the halving event, there are two more catalysts for a Bitcoin rally. First, multiple rate cuts will probably happen in the next 12 to 18 months. Easy money policies are positive for risky asset classes. Bitcoin and altcoins can, therefore, surge higher.

Further, its predicted that the number of crypto users will swell to one billion by 2030. With limited supply, Bitcoin will likely remain in an uptrend. At the same time, altcoins with a strong use case can be massive wealth creators. For now, lets discuss the best altcoins to buy for the next 18 months for multibagger returns.

Source: Chinnapong / Shutterstock

Akash Network (AKT-USD) is among the best altcoins for massive wealth creation. Its worth noting that the Akash token has skyrocketed by 1,000% in the last 12 months. The rally has, however, been from depressed levels, and I expect the positive momentum to sustain.

As an overview, Akash Network is among the early movers in decentralized cloud computing. Akash is built on a blockchain-based framework that eliminates the dependence on centralized cloud providers. However, thats not the only advantage. Akash Network has a significantly lower fee for cloud services as compared to centralized providers.

Its worth noting that the AKT token has a strong use case. Its a native currency and is integral to securing the network, executing transactions and increasing user participation through staking. With the rising adoption of cryptocurrency, the decentralized world will likely get bigger. Akash is well-positioned to benefit and establish itself among the leading decentralized cloud service providers.

Source: Shutterstock

Zilliqa (ZIL-USD) has not participated in the altcoin rally. In the last 12 months, the ZIL coin has remained largely sideways. In my view, this is a golden opportunity to accumulate. Once the breakout happens, 5x to 10x returns are likely in the blink of an eye.

As an overview, Zilliqa is the worlds first blockchain network that uses the concept of sharding. In this technology, transactions are grouped into smaller groups and divided among miners for parallel transaction verification.

That translates into faster transaction speed and the Zilliqa network has a significantly lower cost when compared to Bitcoin or Ethereum (ETH-USD). Another problem that Zilliqa solves is scalability. The transaction capacity scales as the network size grows.

Its also worth noting that the ZIL coin offers an attractive APR of 10.3% and currently about 29% of the circulating supply is staked. Users can, therefore, secure the network and earn a healthy APR for an undervalued coin.

Source: Shutterstock

KuCoin (KCS-USD) is another token that has remained sideways in the last 12 months. At current levels of $8.9, the KCS token looks attractive and poised for multibagger returns.

As an overview, KuCoin is among the largest centralized exchanges in the world in terms of 24-hour trading volumes. The biggest part of the rally for altcoins is due to the current bull market. As Bitcoin and altcoins trend higher, a significant increase in speculative activity is likely. That could benefit all major centralized and decentralized exchanges.

Specific to KuCoin, the exchange has more than 750 listed coins or tokens. Further, KuCoin has 27 million global users. So, the exchange is well-positioned to have healthy growth in the coming quarters.

Its worth noting that, similar to Coinbase (NASDAQ:COIN), the cryptocurrency exchange has a separate platform for institutional and VIP users. That is another segment likely to grow multi-fold in the next few years.

On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

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The 3 Best Altcoins to Buy in April 2024 - InvestorPlace