In the latest analysis, crypto analysts Bitboy and Cred shared 11 altcoin projects, some of which they expect to rally over 90%.
Cred maps bullish path for these 4 altcoins
The anonymous crypto analyst nicknamed Cred has featured the next technical levels of four altcoins that have started bullish movements in the past seven days in a new YouTube video. The crypto analyst thinks that XRP will continue to rise as long as it stays above the $0.414 resistance level.
According to Cred, XRP is one step closer to positioning in the $0.50 to $0.60 region in such a case. At the time of writing, XRP, which is up 16% from last week, is trading at $0.4457, just above the $0.414 resistance.
Next up is the smart contract protocol Cardano (ADA). Cred says the seventh-largest cryptocurrency by market cap “respects the techs” and could revisit its 2023 high of $0.42, which it reached in February.
I think as long as we don’t break below $0.35 and this level is good for a trend change… If the recoveries continue, the next level could be around $0.41. If this breaks, we could move towards the midpoints of $0.40, $0.60 and $0.50. But in the short term, I think we have pretty clear trading levels between $0.35 and $0.42.
Altcoin to rise over 90% according to Cred
Turning to Solana (SOL), the analyst says that after it managed to hold the $20 support, it formed a double bottom pattern between the $23 and $26 resistances. As long as it does not lose the $20-$21 range, it could show strength up to $22 and $24. In a more bullish situation, a rise to $26 is on the cards. SOL is currently trading above the setup starting point of $20.50.
The last cryptocurrency on the analyst’s radar was Phantom (FTM). According to Cred, FTM remains bullish provided it stays above the previous resistance at $0.43. If this prediction comes true, FTM, trading at $0.46 at the time of writing, will rally over 90%. According to Cred’s analysis
As long as that is the case, you would expect the high to trade around $0.65 and then, if we get a really meaty rotation, the next big problem area is the former high range of $0.70 to $0.90.
Bitboy updates price forecasts in light of recent regulations
Crypto phenomenon Ben Armstrong, also known as Bitboy Crypto, recently shared his thoughts on the future of the market, including concerns about potential regulations and his predictions for cryptocurrency prices.
Armstrong warns that the government may make it harder for people to use Bitcoin. He also expressed his concerns about the possibility of Gary Gensler winning the position of SEC chairman, stating that it would be terrible for the crypto space to have all crypto regulated. To the regulatory moves the SEC has taken throughout the week cryptocoin.com We have included it on this page.
price estimates
Armstrong predicts that if Bitcoin reaches $50,000, it may be looking at a super cycle. He says he and his team plan to provide a range of price estimates based on different price points such as $20,000, $30,000, $40,000, $50,000, and $60,000.
Finally, Armstrong says that with a $2,000 investment in each of the following cryptocurrencies, a portfolio of at least $100,000 could be achieved by 2025:
- Bitcoin (BTC)
- Cardano (ADA)
- Filecoin (FIL)
- Polygon (MATIC)
- Stellar (XLM)
- The Sandbox (SAND)
- Graph (GRT)
- Mina (MINA)
- Optimism (OP)
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