Ethereum

Cryptocurrency

Solana

Bitcoin

API3

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-price-rallies-for-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Price Rallies for Cryptocurrencies</a><br></p>
<p style="text-align: justify">Cryptocurrency analyst Inmortal has projected significant price increases for Bitcoin (BTC), Ethereum (ETH), <a href="https://en.bitcoinhaber.net/solanas-remarkable-market-surge-captures-analysts-focus" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL), and API3 in the coming months. His analysis suggests that these digital assets are poised for substantial gains, driven by various market dynamics and strategic investor activities.</p>
<h2 id="what-drives-api3-s-bullish-outlook">What Drives API3’s Bullish Outlook?</h2>
<p style="text-align: justify">Inmortal recently informed his followers on social media platform X about API3, a decentralized data oracle network. He highlighted the altcoin’s potential for a price surge following a prolonged consolidation phase. This optimism comes on the back of a strategic funding round led by DWF Labs, which saw API3 allocate $4 million USDC from its treasury assets.</p>
<p style="text-align: justify">The analyst emphasized that API3’s chart indicates a “hyper bullish” trend following over 600 days of accumulation and a clean retest of its accumulation region. Currently trading at $3.20, API3 could reach $6 according to Inmortal. Despite a recent dip, the altcoin’s market cap remains at $276 million, with its trading volume soaring by 64% to exceed $48 million in the past 24 hours.</p>
<h2 id="how-will-bitcoin-ethereum-and-solana-perform">How Will Bitcoin, Ethereum, and Solana Perform?</h2>
<p style="text-align: justify">Inmortal also shared his outlook for BTC, ETH, and SOL, predicting a strong finish for the year. He anticipates a stagnant period for cryptocurrencies in the coming months, followed by a “parabolic uptrend” in the fourth quarter. His projections include BTC reaching over $100,000, ETH surpassing $10,000, and SOL climbing above $500, with altcoins potentially multiplying by 2 to 5 times.</p>
<p style="text-align: justify">Currently, Bitcoin is trading at $69,100, Ethereum at approximately $3,772, and Solana at around $166 following recent ETF <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a>.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>API3 has strong bullish signals due to <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">strategic investments</a> and prolonged accumulation.</li>
 <li>Bitcoin, Ethereum, and Solana are expected to experience significant price growth by Q4.</li>
 <li>Investors should anticipate a stagnant period before a potential parabolic uptrend.</li>
 <li>Altcoins could see substantial multipliers, enhancing portfolio values.</li>
</ul>
<p style="text-align: justify">These insights offer investors concrete strategies to consider, especially in terms of timing and potential asset performance.</p>
<p style="text-align: justify">In conclusion, Inmortal’s analysis indicates promising outlooks for several key cryptocurrencies. Investors may find these projections useful for making informed decisions in the dynamic crypto market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-price-rallies-for-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Price Rallies for Cryptocurrencies</a></h5>

Analyst Predicts Price Rallies for Cryptocurrencies

Table of Contents

BH NEWS

Other articles published on Jun 4, 2024

4 Biggest Crypto Predictions for June 2024

JPMorgan Chase plans to launch a biometric payment system in 2025

Qatar Commences Pilot Phase of Central Bank Digital Currency

From Navigating to Mastering Scopuly: Tips and Tricks for All Users

MoonBag, the Top Crypto Presale in June 2024, Compels Whales to Abandon Notcoin and Dogecoin for ...

Warren Buffett’s Berkshire Hathaway did crash 99%... against Bitcoin since 2015

Join our free newsletter for daily crypto updates!