Ethereum

Covalent

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-altcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Altcoin Surge</a><br></p>
<p style="text-align: justify">The cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> remains unpredictable with frequent price fluctuations bringing analysts’ insights into the spotlight. <a href="https://en.bitcoinhaber.net/wall-street-bull-tom-lee-forecasts-monumental-bitcoin-gains-in-2024" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recent dip from $70,000 to $58,500 and its subsequent mild recovery have not deterred some experts from forecasting growth for certain lesser-known cryptocurrencies. One such analyst has highlighted the potential of an altcoin, Covalent (CQT), while expressing a less optimistic outlook for Bitcoin and Ethereum.</p>
<h2 id="focus-on-covalent-s-potential">Focus on Covalent’s Potential</h2>
<p style="text-align: justify">A widely recognized cryptocurrency analyst, Michaël van de Poppe, pointed to a <a href="https://newslinker.co/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">promising future</a> for Covalent, an AI token that currently ranks 346th by market capitalization. Despite its low trading volume, van de Poppe believes Covalent is poised for a significant price increase, especially after its recent updates.</p>
<p style="text-align: justify">Currently, Covalent is trading at $0.1549, having experienced a 3.83% decline. Its market cap stands at $124 million, with a trading volume dropping by 21% to below $1 million in the last 24 hours.</p>
<h2 id="what-lies-ahead-for-bitcoin">What Lies Ahead for Bitcoin?</h2>
<p style="text-align: justify">Van de Poppe also shared his views on Bitcoin, suggesting a potential decrease before an upward trend resumes. He mentioned that Bitcoin might revisit the $60,000 level, anticipating a reversal coinciding with the upcoming Ethereum ETF listing.</p>
<p style="text-align: justify">Bitcoin saw a 1.8% drop recently, with its price now at $60,695. Its market cap has fallen below $1.2 billion, and the 24-hour trading volume has risen by 3% to $23.4 billion.</p>
<h2 id="valuable-insights-for-investors">Valuable Insights for Investors</h2>
<p style="text-align: justify"><strong>Key Takeaways for Investors:</strong></p>
<ul>
 <li>Covalent (CQT) could see a significant price rise due to its latest developments.</li>
 <li>Bitcoin may face a short-term decline before potential growth, especially with the upcoming Ethereum ETF.</li>
 <li>Ethereum (ETH) holds significant support and may break out if it reaches 0.06 BTC.</li>
</ul>
<h2 id="result">Result</h2>
<p style="text-align: justify">Finally, the analyst analyzed Ethereum (ETH), suggesting it could outperform Bitcoin (ETH/BTC). He believes Ethereum is maintaining crucial support levels, and there could be substantial altcoin strength if ETH reaches 0.06 BTC ($3,690).</p>
<p style="text-align: justify">Currently, Ethereum is trading at $3,379 after a 2.11% drop over the past day.</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-altcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Altcoin Surge</a></h5>

Analyst Predicts Altcoin Surge

Table of Contents

BH NEWS

Other articles published on Jun 28, 2024

How To Make 1 Million Dollars With Crypto in One Year? – Most Promising Altcoins Today

BREAKING! Leading Inflation Data Followed by FED Has Been Announced! What Was the First Reaction ...

Is the Crypto Market Bottoming Out? Here Are 3 Coins Ready to Skyrocket

Bitcoin Price to Hit $200K By End Of 2024 As Per Stock To Flow Model

U.S. Government Transfers More Bitcoin, Further BTC Selloff Imminent?

Nostra CEO steps down days after NSTR token launch

Join our free newsletter for daily crypto updates!