2024 Altcoin Rally Predictions Begin to Emerge: Prominent Analysts Are Preparing for BTC Super Bull

As the crypto bull market cools mid-Q2 2024, analysts are trying to fight the FUD with hyper-bullish altcoin predictions.

Popular cryptocurrency account Altcoin Daily published a long list of predictions earlier this week, predicting that BTC will reach $120,000, ETH will reach $8,800, and SOL will reach $720.

According to these predictions, Bitcoin will increase by nearly 100% to $60,600, while Ether and Solana will increase by 200% and 400%, respectively.

Another famous cryptocurrency analyst, Deezy.eth, shared his own prediction. He predicts ADA will increase 13.25 times (1.225%) from current levels, rising from $0.445 to $5.90.

He predicts#XRPwill rise to $1.80 and DOGE will rise to $0.50. This translates to an increase of 260% and 250% respectively.

These hyper-bullish altcoin predictions come at a time when FUD is in the crypto markets. Many altcoins and meme coins increased in price from February to March as Bitcoin reached a new record high above $70,000.

However, the market has had sharp corrections due to reduced interest in spot Bitcoin ETFs and the impact of macroeconomic headwinds.

While Bitcoin is down 17% from its March high of $74,000, many altcoins have seen steeper declines: Solana lost 30%, XRP lost 32%, Dogecoin lost 37%, and Cardano lost 45%.

Historically, it is known that post-halving BTC price increases typically begin within 4-6 months. It is predicted that the halving in April will not immediately cause an upward wave. The post-halving recession often coincides with summer in the crypto markets, along with consolidation.

Therefore, one should not expect a sudden price increase, but there is no denying the fact that we are in the midst of a new bull market. However, 10x Research warns that token unlocking could hinder altcoin price momentum if hedge funds (venture capital) pull out.