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Reading: Analyst of Years Says This Meme Coin Will Be the Star of the Cycle, BTC Cycle Comparisons
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EdaFace Newsfeed > Latest News > Crypto News > Analyst of Years Says This Meme Coin Will Be the Star of the Cycle, BTC Cycle Comparisons
Crypto News

Analyst of Years Says This Meme Coin Will Be the Star of the Cycle, BTC Cycle Comparisons

vitalclick
Last updated: November 17, 2024 12:14 pm
5 months ago
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Bitcoin $91,170 Many meme coins reacted quickly to the rise in price, and DOGE quickly surpassed $0.42 despite its huge market cap. Cryptocurrency investors believe that the most enjoyable phase of the cycle has begun. Moreover, they are not wrong, as the BTC price continues to linger near the new all-time record.

BONK CoinWill Crypto Rise?

BONK Coin

Altcoin Sherpa in today’s market review BONK CoinHe wrote that it was the most popular meme coin and that it was breaking. With closes above $0.00005, BONK Coin price could make huge gains. The altcoin Solana network, which is just experiencing its first bull season, was launched to support the ecosystem while the network was dying.

Growth in the Solana network is direct BONK Coin It also causes the price to increase. On the other hand, SOL Coin, which is pushing $ 240, wants to exceed $ 256 and reach new all-time record levels.

The main problem here is that volumes are relatively weak on the weekend. Although Mondays generally bring a decline, if the weekly closing can be made at a satisfactory point for BTC, the new week may start with an increase for altcoins.

Will Crypto Rise?

There will be more in today’s analysis, Kyledoops said. Despite the BTC price stalling at $90,700, the analyst, comparing today with previous cycles, states that we have not yet come proportionally close to the peak. According to the chart he shared, although we are in the most exciting period of the rise, there will be better days of the cycle.

“Bitcoin The bull run is just beginning and 200 days have passed since the halving.

Historically, these markets hit their stride 300 days after the halving, signaling significant growth on the horizon. Get ready, this rise is not over yet!”

Daan Cypto Trades, on the other hand, drew attention to the historical performance of the fourth quarter of the year in its latest analysis expressing its opinion.

“Bitcoin‘s 4th quarter is already shaping up very well. Generally, the 4th quarter of a halving year is very good, followed by a strong 1st quarter the following year. Let’s see if it will be different this time.”

Trump’s inauguration date is January 20, which supports the potential for the rise to continue in the first quarter.

Disclaimer: The information contained in this article does not constitute 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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