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Reading: 3 Analysts’ Crypto Predictions: ICP Coin and the Future of Altcoins, Chart Comments
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EdaFace Newsfeed > Latest News > Technical Analysis > 3 Analysts’ Crypto Predictions: ICP Coin and the Future of Altcoins, Chart Comments
Technical Analysis

3 Analysts’ Crypto Predictions: ICP Coin and the Future of Altcoins, Chart Comments

vitalclick
Last updated: September 11, 2024 7:42 pm
9 months ago
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3 different crypto money We will discuss the analyst’s comments on the future of altcoins. While one of them explained his target specifically for ICP Coin, two of them shared comments on the path that altcoins will follow in the short and medium term in general. Charts, targets and opinions offer investors the opportunity to read the markets from different perspectives. So let’s examine the markets from the perspective of 3 different analysts.

ICP Coin PredictionAltcoins Prediction

ICP Coin Prediction

Popular in first place crypto money There is a chart shared by Crypto Tony, one of the analysts. In the chart he published just a few minutes before the US market opening today, the analyst shares his short-term target for ICP Coin. According to him, if the $ 11.1 line is broken, investors can expect more increases. Crypto Tony also marks his own entry level as 11.1.

ICP Coin is currently in the $8.7 region and the US markets opened positively at the time of writing. However, Bitcoin (BTC) $56,474.79 The price remains below $57,000.

Altcoins Prediction

Known by the nickname Mikybull crypto analyst He used the expression “calm before the storm” for altcoins in general. The chart you see below focuses on the market value of altcoins. Excluding BTC and ETH, the total value of altcoins is at $553 million. The analyst’s target is to exceed $700 billion in the last quarter of this year.

After that, the altcoin market value is expected to grow to $1.65 trillion, which is higher than all other cryptocurrencies This means an average increase of 3 times for . If he is right, we can see many cryptocurrencies that diverge positively, gaining up to 10 times.

The latest analyst Yoddha again offers a projection fed by the repetition of the historical cycle. According to it, the total market value of altcoins has already bottomed and will return to its 2021 peak of $ 1.131 trillion by the beginning of 2025.

“Altcoins “The next breakout for will be huge. Take a look at this chart as the reaccumulation builds up.”

If we are going to see a bullish start, it probably won’t happen in September, as the BTC price continues to fall despite good inflation data and Japan softening on new interest rate hikes. Perhaps investors will want to catch the markets at their most desperate moment.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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