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.
ReferenceLooking at the current state of the crypto market, it is very difficult to say for sure what will happen in the next year. The odds are almost the same for both a decline and an increase with a slightly higher probability of a fall. Although some experts predict the growth of bitcoin and Ethereum is very large in the future. Considering the current bitcoin price is close to $42,000 and the Ethereum price is $2900. However, how and when the price of bitcoin and Ethereum will reach such high predictions is still uncertain.
cryptocurrencies are in a dilemma after several countries refuse to adopt bitcoin. as a result of this incident the market price slightly decreased sharply from $52k to $42k. In cases like this, it is rather difficult to predict future market prices, will bitcoin stay at $42k and pump again or continue to fall in price. a little worried to decide how to predict the future.
Indeed, the price of Bitcoin has continued to correct in the last week, even now it has broken below $42,000. However, in order for Bitcoin to rise again in the future, there needs to be a positive sentiment that can lift it. There are at least two potential positive sentiments going forward. First, there is still a halving day. Second, the discourse on bitcoin mutual funds is being reviewed by the United States Securities and Exchange Commission. If the discourse is approved, it will be a positive catalyst for Bitcoin prices in the future. With the current crypto market conditions being corrected, my advice is better for you to switch to a stable coin asset or hold Bitcoin for a long period of time.