ADA Expected to Surge 1,225%, XRP Projected to Rise 260%, and DOGE Anticipated to Increase 250% – New Optimistic Altcoin Predictions Released

As the cryptocurrency bull market moderates in the middle of the second quarter of 2024, analysts are emerging to counter the FUD with optimistic altcoin predictions.

The well-known crypto account Altcoin Daily shared an extensive list of forecasts earlier this week.

My 2024 BULL RUN PEAK PRICE TARGETS! #crypto$BTC – 120,000$ETH – $8,800$SOL – $720$LINK – $120$BNB – $1800$ICP – $460$TAO – $2,100$ADA – $9$INJ – $220$RNDR – $80$DOT – $99$ONDO – $12$XRP – $5$DOGE – $1.90$TON – $35$AVAX – $350$TRX – $2$NEAR – $130$PROPY -…

— Altcoin Daily (@AltcoinDailyio) May 7, 2024

They project Bitcoin (BTC) reaching $120,000, Ether (ETH) at $8,800, and Solana (SOL) at $720.

This would represent nearly 100% increases for Bitcoin, which was last priced at $60,600.

For Ether and Solana, this would equate to gains of 200% and 400%, respectively.

Another prominent crypto analyst, Deezy.eth, has also released his own predictions.

2024 PRICE TARGETS $BTC – $94,000$ETH – $6,900$SOL – $420$ADA – $5.90$DOGE – $0.50$XRP – $1.80$AVAX $220$LINK $50$HBAR $1.00$RNDR $37$NEAR $20$MATIC $2.50$ICP $30$TIA $50$DOT $29$VET $0.25$SUI $4.20$APE $5$AGIX $4.20

Where was I too bullish, where was I too…

— Deezy.eth (@deezy_BTC) May 7, 2024

He anticipates Cardano (ADA) surging 13.25 times, or 1,225%, from its current price of $0.445 to $5.90.

Additionally, he expects XRP (XRP) to soar to $1.80 and Dogecoin (DOGE) to rise to $0.50, reflecting increases of 260% and 250%, respectively.

Crypto Bull Market Takes a Breather

These highly optimistic altcoin predictions are emerging amid heightened FUD in the cryptocurrency market.

Many altcoins and meme coins experienced significant gains from February to March as Bitcoin surged to new all-time highs above $70,000.

However, as enthusiasm regarding spot Bitcoin ETFs waned and macroeconomic challenges intensified, sharp corrections occurred throughout the market.

While BTC has only declined about 17% from its March peak near $74,000, numerous altcoins have faced more substantial declines.

Solana has dropped 30%, XRP has fallen 32%, Dogecoin has decreased by 37%, and Cardano has seen a 45% decline.

The April halving did not lead to an immediate market rally, contrary to historical trends.

Typically, post-halving rallies in BTC do not commence for 4-6 months.

This post-halving stagnation in the market aligns with the upcoming summer season, which generally brings consolidation for cryptocurrencies.

Thus, immediate rallies are not anticipated. Nonetheless, few would dispute that the market is currently in the midst of a new bull market.

That said, 10x Research recently cautioned that token unlocks could impede the altcoin rally if venture capitalists decide to sell off.

Beware of Token Unlocks. Will Venture Capital Funds cut this Altcoin cycle short?

1-12) The current cryptocurrency bull market cycle might be shorter than previous ones and unlikely to culminate in a broad altcoin rally. Are the crypto venture capital funds to blame?

2-12)… pic.twitter.com/nICNYmtDyK

— 10x Research (@10x_Research) May 8, 2024

Investing in altcoins presents significant potential. However, the often-overlooked strategy of investing in crypto presales also holds promise.

Crypto investors exploring the altcoin market for opportunities should also consider the presale market.

Here are 20 of Cryptonews’ top selections for 2024.

See the 20 Crypto Presales

The post ADA to Rally 1,225%, XRP to Explode 260% and DOGE to Grow 250% – New Super Bullish Altcoin Forecasts Emerge appeared first on Cryptonews.