The crypto world continues to engage in lively discussions about trends and opportunities for investors. Experts are offering their predictions regarding the dynamics of Bitcoin and altcoins.
Predictions for Bitcoin and Altcoins
Mena Theodorou, co-founder of the Australian crypto exchange Coinstash, stated that the current cycle will not be an exception to the rules. According to him, Bitcoin, which reached a new record of $123,100 on July 14, will soon slow down, creating opportunities for altcoins to rise. "When Bitcoin slows down, you’ll see a little drop, and then altcoins will just catch up and do their little thing," Theodorou noted.
Expectations for Ether and Other Opinions
Analyst Arthur Hayes made a more optimistic prediction, stating that the current Ether bull run could lead to a rise to $10,000 by year-end. "With the influx of ethers, the market is expecting significant growth," Hayes added. He also pointed to investor dissatisfaction with Ether, which he claims has recently become the most disliked large-cap cryptocurrency.
Market Cycles
Xapo Bank's Seamus Rocca warned about the real risks of a prolonged bear market, emphasizing that a catastrophic event is not necessary for it. Additionally, some analysts like Michael Saylor express a belief that Bitcoin will not return to its previous lows and is rather moving toward significant highs.
In the current situation of the cryptocurrency market, analyst opinions vary. However, common trends emerge indicating that Bitcoin and Ether may continue their growth as altcoins take advantage of their slowdown.
