In the ever-evolving landscape of cryptocurrencies, market analysts are making bold predictions for the year ahead. While famous crypto phenomenon Ben Armstrong shares his bullish expectations for XRP and Solana, The Crypto Dog draws attention to the potential rise of GMX. Meanwhile, Altcoin Sherpa focuses on the promising future of Fetch.ai (FET coin). This article synthesizes these different perspectives to provide a comprehensive overview of expected trends in the crypto market.
Ben Armstrong shared huge predictions for XRP and SOL
Crypto influencer Ben Armstrong expressed optimism for XRP and Solana in a recent YouTube analysis, predicting significant price increases in the new year. Armstrong predicts that XRP will skyrocket to $7, highlighting its potential to outperform this predicted value. With XRP currently priced around $0.61, Armstrong attributes XRP’s gradual rise to Ripple’s upcoming initial public offering (IPO), underlining the significant multiplier factor required for this rise.
In contrast to XRP’s gradual rise, Solana experienced a rapid rise that reached what Armstrong described as “over-inflated numbers.” Even so, Armstrong predicts Solana will reach $1,000 this year. He points out that a tenfold increase from its current value of $101 is needed for Solana to reach this milestone. Additionally, Armstrong also speculates about the Ethereum ETF’s impact on XRP, predicting potential profit moves and a surge that the XRP ETF announcement would trigger.
Potential breakout for GMX, NEAR and INJ
Crypto Dog, a pseudonymous crypto strategist, describes GMX as an altcoin flying under the radar with significant breakout potential. Analyzing the weekly chart of GMX, he notes a massive inverse head and shoulders formation and suggests a target of $106 if it breaks the $56.26 resistance level. The current trading price of $56.56 places GMX just above this important level, indicating a possible 90% upside.
Beyond GMX, The Crypto Dog is bullish on Near (NEAR) and Injective (INJ), predicting target prices above $7 and around $50, respectively. The Crypto Dog remains cautious and acknowledges the need for periodic reassessment while highlighting the potential for continued bullishness in NEAR after retesting $3.60 as support.
There is a bullish narrative for FET coin
Altcoin Sherpa, a popular crypto analyst, focuses on artificial intelligence (AI) project Fetch.ai (FET). Predicting new highs in the near future, Altcoin Sherpa identifies potential buying opportunities if the FET coin price drops to the $0.50 level. Fetch.ai is a blockchain-based AI platform that aims to automate tasks using AI agents, and Altcoin Sherpa highlights its strength and narrative in 2024.
Altcoin Sherpa also shares his views on Ethereum scaling solution Polygon (MATIC), expecting a rise from the current $0.98 to $1.20. While Altcoin Sherpa acknowledges MATIC’s lag compared to other altcoins, he sees it as a positive short-to-medium-term trade and warns investors to treat it as such rather than a long-term investment.
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