Cryptocurrency Market Forecasts

ForkLog 11 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 23 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 19 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 12 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 13 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 31 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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ForkLog 11 13.05.2024

Bitcoin’s Dip Below $60,000 May Trigger Panic Selling, Warns Expert

A drop in the price of the leading cryptocurrency below $60,000 could trigger panic selling, according to FxPro trader Alex Kuptsikevich, reports CoinDesk. The expert believes that a breakthrough above $65,000 would signal a revival of bullish sentiment. If this prediction comes true, it would lead to the price stabilizing above the 50DMA and the […]

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ForkLog 19 13.05.2024

Bitcoin’s Sideways Movement Predicted for May with Growth Expected Later

The current lull in Bitcoin’s activity may persist until early summer, but a return to growth is anticipated in the third and fourth quarters, according to Bitfinex, as reported by CoinDesk. “We expect the market to remain uncertain in the short term with low volatility until the actual winding down of QT in June,” the […]

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ForkLog 27 10.05.2024

Jack Dorsey Predicts Bitcoin to Surpass $1 Million by 2030

By 2030, the leading cryptocurrency is expected to reach and exceed $1 million, according to Jack Dorsey, co-founder of Twitter (now X) and head of Block. jack is one of the most enigmatic men in business today: relentlessly blamed for social media censorship, but one of the most committed anti-authoritarians building in tech. in a […]

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ForkLog 11 08.05.2024

Tom Lee Reaffirms Bitcoin Forecast of $150,000 by Year-End

Tom Lee, co-founder of the analytical firm Fundstrat, reiterated his forecast on CNBC for the leading cryptocurrency to reach a price point of $150,000 by the end of 2024. “I think inflation is going to cool pretty dramatically,” says Tom Lee of @fundstrat. “I don’t know when but it’ll be sometime in the second half […]

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ForkLog 14 08.05.2024

Bitcoin Finds Local Bottom at $56,500, Says Standard Chartered

The situation has improved, with Bitcoin establishing a minimum at $56,500, according to Standard Chartered, reports The Block. The institution’s experts revised their previous forecast, which anticipated a decline to the $50,000–52,000 range. Experts confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025. The changes were […]

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ForkLog 12 07.05.2024

Bitcoin Options Traders Bet on Surge to $100,000

The ratio of bitcoin options positions suggests a rise in the price of digital gold. Macroeconomic factors support an upward trend. Traders’ expectations for Ethereum options have become less optimistic. The ratio of call and put options on bitcoin indicates traders expect a spot price of $70,000-$100,000 by the end of 2024, according to CoinDesk […]

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