Bitcoin price It rose to $107,793 in the last 24 hours and reached a new all-time record level. In altcoins XRP Coin is experiencing a remarkable rise. Its price exceeded $2.68, while its gains in the last 24 hours amounted to 14%. What about Dogecoin? $0.403368 What’s the latest situation on the front? What are the predictions for altcoins and BTC?
Altcoins and Dogecoin (DOGE)
Largest by market value meme coin the one which… DOGE At the time of writing, it is stalling at $0.406 and has gained 3 percent on the day. However, Ali Charts mentioned about 12 hours ago that dormant assets on the Dogecoin front were heading for sale. 5.8 billion DOGE changed hands here.
The increase in the mobile supply in circulation and the fact that the price remains strong despite these sales is a good detail in bull markets. Especially in the days when new investors start to become interested in cryptocurrencies. meme coins It is something that is known to tend towards.
Altcoins Analyst Mustache, who made an overall evaluation, wrote the following;
“You are facing the biggest Altcoin rally in at least 4 years (probably more like 8 since everything reminds me of 2018).
Every fall is meant to shake you. Don’t forget this.
“I think generational wealth is possible with alts in the coming months.”
Based on his experience in the past years, the analyst predicts much larger gains this cycle. As a matter of fact, the news flow expected for the coming months strongly supports this scenario in cryptocurrencies. If it happens as expected, it will not be surprising for altcoins to see new peaks close to $4 trillion.
Bitcoin (BTC)
Bitcoin (BTC) 
$107,285.9 price It traded above $107,400 and jumped to $107,793 today, marking a new high. There is an increase in cryptocurrencies in general with the excitement of the Fed meeting. With the decision coming tomorrow, if Powell does not give signals that the rate of interest rate cuts will slow down further, the current trend in cryptocurrencies is expected to continue.
Tomorrow, together with the interest rate decision, the Fed’s economic projection for the coming period will also be announced. Anonymous cryptocurrency analyst PlanB shared the S2F chart again today and wrote that BTC is moving to a new peak of hundreds of thousands of dollars, not 100.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
