Experts' Forecasts: Altcoin Surge May Start Soon

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Is the Altcoin Surge Starting?
  2. Bitcoin (BTC) and Ethereum (ETH)
  3. Ethereum (ETH) Outlook


    4. Altcoin investors have been unhappy for a long time. Bitcoin (BTC) price was at $57,666 at the time of writing, approaching its daily peak of $58,000 again. The decline that started after the opening of the US markets has temporarily halted. But what can investors expect for the altcoin market in a broader timeframe? What do the current BTC and ETH chart analyses indicate?

    Is the Altcoin Surge Starting?

    Today, we will discuss the latest views of three different cryptocurrency analysts on the markets. The first expert, known by the pseudonym Mikybull, is optimistic about altcoins in general. Many altcoins, which fell below their 2023 lows, failed to attract enough buyers. As a result, we still see that significant support regions haven’t been reclaimed.

    However, Mikybull shares a chart indicating that altcoins are about to transition into the anticipated phase for a long-term rise.

    This is truly a macro bottom. The expansion phase is about to start!

    Bitcoin (BTC) and Ethereum (ETH)

    What needs to happen first for the altcoin market to experience a surge? Certainly, BTC must reach its true peak, and ETH must begin its long-desired upward movements. After BTC reaches its peak, the most parabolic period of the altcoin bull run begins when ETH and other major altcoins undermine Bitcoin’s market dominance.

    An analyst known by the pseudonym Stockmoney Lizards updated the short-term outlook for Bitcoin (BTC) and wrote the following:

    Liquidity zones, resistance, and potential short-term outlook.

    Ethereum (ETH) Outlook

    An analyst known by the name Leevis highlighted the risk of ETH losing its current support level and shared concerns about a drop towards $2,120. If ETH manages to stay above $2,360 as it did at the time of writing, this could pave the way to focus on the main target of $2,420.

    Thus, analysts see the potential for a significant rise in altcoins, provided that Bitcoin and Ethereum maintain their key support levels and overcome current obstacles.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.