- Bitcoin continues to hold the $68,000 price mark as analysts await new BTC ATHs.
- One analyst believes Bitcoin’s next target is $260,000.
- If this plays out, low-cap altcoins could 100x, analysts reveal top 10 most potent altcoins.
Bitcoin price continues to hold at $68,000 with many analysts hoping to see the asset surge and reclaim its previous ATH at $73,700. Upon this event, many analysts believe BTC will go on to set new ATHs starting from $80,000 to $90,000 to even $100,000 and $150,000 by the end of Q4 2024.
Bitcoin Eyes $260,000 as Next Target
According to the post above, one analyst believes Bitcoin’s next target is $260,000 after which altseason will occur pushing altcoin prices to parabolic new ATHs. He dubbed November as Moonvenber and goes on to explain the crucial role played by crypto cycles and present market behaviors.
To highlight, he explains how crypto cycles play a crucial role in market behavior. In detail, he says the cycle is often broken down into four phases: accumulation, markup, distribution, and decline. Analysts note that Bitcoin is currently in the markup phase, where corporate and institutional investors accumulate assets, creating a fertile ground for altcoin growth.
Analyst Shares 10 Possible 100x Altcoins
He concludes by saying that this cycle has historically paved the way for significant altcoin rallies following a decline in BTC dominance, providing high growth potential for low-cap coins. The analyst even goes on to say that every $100 today could amount to $10,000 in 2025. His strategy is to invest in the right low-cap altcoins and goes on to list his top altcoins that could 100x this bull run.
Lastly, he highlights Oraichain (ORAI), Ravencoin (RVN), Realio Network (RIO), Akash Network (AKT), Ondo Foundation (ONDO), Decentralized Artificial Intelligence (DEAI), Goldfinch (GFI), Render Network (RENDER), Sui Network (SUI), and Clearpool (CPOOL) as capable altcoins he believes have the potential to 100x this cull run.
