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Bitcoin (BTC)
$66,604.00 4.58727
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Ethereum
Ethereum (ETH)
$3,496.59 2.44211
Ethereum price
BNB
BNB (BNB)
$591.63 3.9757
BNB price
Solana
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$170.26 8.59357
Solana price
XRP
XRP (XRP)
$0.5852040 2.52537
XRP price
Shiba Inu
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$0.0000177 1.98268
Shiba Inu price
Pepe
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$0.0000124 7.40294
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Bonk
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$0.0000307 16.91304
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Bitcoin
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$66,604.00 4.58727
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Ethereum
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$3,496.59 2.44211
Ethereum price
BNB
BNB (BNB)
$591.63 3.9757
BNB price
Solana
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$170.26 8.59357
Solana price
XRP
XRP (XRP)
$0.5852040 2.52537
XRP price
Shiba Inu
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$0.0000177 1.98268
Shiba Inu price
Pepe
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$0.0000124 7.40294
Pepe price
Bonk
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$0.0000307 16.91304
Bonk price
Bitcoin
Bitcoin (BTC)
$66,604.00 4.58727
Bitcoin price
Ethereum
Ethereum (ETH)
$3,496.59 2.44211
Ethereum price
BNB
BNB (BNB)
$591.63 3.9757
BNB price
Solana
Solana (SOL)
$170.26 8.59357
Solana price
XRP
XRP (XRP)
$0.5852040 2.52537
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 1.98268
Shiba Inu price
Pepe
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$0.0000124 7.40294
Pepe price
Bonk
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$0.0000307 16.91304
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Altcoin market on brink of parabolic growth, analyst predicts

altcoin-market-on-brink-of-parabolic-growth-analyst-predicts
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Markets
Altcoin market on brink of parabolic growth, analyst predicts

Popular crypto analyst @Mags shared with his subscribers his views on the current state of the altcoin market and its prospects.

The expert put forward a bold forecast for the capitalization of the altcoin market and expects that in the coming months, the value of most cryptocurrencies will move along a parabolic trajectory.

The crypto analyst’s argument favoring the bullish scenario is based on the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe.

@Mags noted that a similar situation occurred in 2020. Then, the market capitalization of altcoins soared by more than 2000%, from $85b to $1.73 trillion. If the MACD cross forms again, the expert expects a similar movement.

As a more realistic scenario, the cryptanalyst suggested that in 2025, the altcoin market will reach $7 trillion. This represents an increase of approximately 1,000% from the current figure of $637b.

Over the past month, Bitcoin (BTC) has risen 27% to $37,200 at the time of writing. The altcoin market followed the same trend. The top 10 cryptocurrencies by market capitalization also found themselves in the green zone over the past month.

The excitement around the cryptocurrency market does not subside as the BTC halving approaches, as well as the anticipation of a decision on applications for spot Bitcoin ETFs in the United States.