Bitcoin and cryptocurrency prices have jumped today with ethereum rival cardano making a huge leap higher—even after Coinbase revealed an ethereum surprise last week.
The bitcoin price remains off the closely-watched $50,000 per bitcoin level but ethereum has climbed back over the $3,000 mark after dipping under it earlier today.
Now, as cardano and solana make double-digit gains and outpace other cryptocurrencies, famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 and ethereum will reach $5,000 as soon as next year.
ReferenceIn my opinion, There are several reasons why investment strategists including Lyn Alden are very optimistic about forecasting an increase in bitcoin and altcoin prices next year because Bitcoin and altcoin price performance is considered quite positive so far. The performance, which was said to be very well priced in the past years, makes the optimism of the experts about the price increase next year sound quite bombastic, and even seems far-fetched. But if this is combined with other factors such as liquidity, volatility, and a number of halvings in previous years, then a significant increase in Bitcoin and altcoin prices in the next year is likely to materialize as expected.