Standard Chartered’s $120k prediction by 2024 is looking more likely as BTC reaches new highs. A new altcoin. CutoshiThe market is seeing a rise in.
Bitcoin Predicted To Reach $120k This Year – Is $1 Million Next?
Bull runs bring with them bullish and even wild predictions. Michael Van der Poppe, the famous analyst, predicted that Bitcoin would reach $1 million in the future if banks continue printing Fiat.
Standard Chartered’s Geoff Kendrick and other analysts are predicting a short-term decline in the stock market. Predictions for 2023BTC could reach $120k at the end the year.
CoinLupin (a market analyst for CryptoQuant) used the market value realized value indicator to estimate Bitcoin’s current value. He also predicted that BTC would reach $120k at the end of this year.
Bitcoin quickly rebounded after the Fed’s Jerome Powell made dovish remarks that temporarily pushed BTC under $90k. This was due to the optimism about the new US administration and the inflows of money into BTC spot ETFs.
This week, Spot Bitcoin ETFs saw record inflows of $1.7B per week, which suggests that the bullish forecasts are based on reality.
Solana Eyes Record Run with ETF Approvals Coming Soon
Solana’s relentless climb to the all-time high price of $259 is a deja vu for those who were present during the previous bull market. Solana is making crypto millionaires in 2024, after the price plummeted to as little as $11 following the FTX crisis.
Solana has gained 49% on two weekly charts and is now trading at $242.
A new high is highly likely given that Solana’s seen many new developments in the past bull run. This is especially true since Solana Spots ETFs will be available by 2025. This approval is all the more likely now that the GOP has voted in favor of crypto.
The success of memecoins has also contributed to the growth of Solana this year. It is due to their ease of launch, thanks to Pump.fun’s memecoin deployer. Also, the increased liquidity of Solana DEX Jupiter and price aggregators has made trading easier.
The Rise Of The Lucky Cat Will Bring DeFi To Masses
Altcoins that have a smaller market capitalization are likely to surpass Bitcoin and Solana in terms of their gains. While many investors chase after the latest hyped-up memecoin such as PNUT, or GRASS, many others are launched daily that do not gain investor attention.
CUTO, a crypto that went viral early last week on X, is now on the radar of traders. Cutoshi is a meme coin with the addition to DeFi utility.
Cutoshi, the team behind Cutoshi, aims at bringing DeFi to the masses through a cross-chain DEX that’s wrapped up in an ecosystem represented as the Chinese Lucky Cat. DeFi may be appealing to some crypto users, but it is also a confusing and daunting world for others.
Cutoshi intends to change this by offering an attractive pixel-art ecosystem, a DEX that is easy to use, a no-fuss learning academy and a bridge between chains which does not cause headaches.
In less than a week, the presale raised more than $870K. It won’t be long before CUTO surpasses $1M.
Cutoshi may be a good option for those who are looking to boost their portfolio’s risk/reward ratio.
To find out more about the Cutoshi Presale (CUTO), please visit:
https://cutoshi.com/
Join our community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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