The pseudonymous Borovik, also known as X on X has made bold predictions about the future of some of cryptocurrency’s largest coins based on their market cap.
Taking the social platform X to heart, analyst released a list Projected prices of Bitcoin (BTC), XRP and Dogecoin, and the other leading cryptocurrencies Ethereum (ETH), Binance Coin BNB and Solana SOL. These predictions are bullish for the next quarter. However, they maintain the rankings of these cryptos in terms of market capital.
Bitcoin, Dogecoin, and XRP: Very bullish predictions
Borovik’s predictions are built on a bullish view of the cryptocurrency market, which predicts that these coins will reach their highest prices by the end the year. Analyst’s forecast does not predict a major shift among the cryptocurrencies’ market caps.
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Bitcoins are the most popular digital currency. centerpiece of the analyst’s outlook. Borovik believes that Bitcoin could reach $194,846.63 in the next three month. It’s a massive jump compared to its current value.t spot level around $117,000, More than 66% of the price increase is attributed to this. A price like this would boost Bitcoin’s current market cap of $2.3 trillion up to around $3.88 billion and further increase its dominance.
Forecasts are available for the following days: equally bullish for XRP Dogecoin. Borovik has set XRP’s 3-month target price at $5,056 and a $300 billion market cap. The current price for XRP, which is $3.04 at the time of writing, suggests that a rally of 66% would result in the currency trading to new record highs.
Dogecoin targets $0.4465 is no less remarkable, Analysts don’t expect it to reach new highs. Today, the meme coin is worth $0.275. The forecast would translate to an approximately 62% increase. Dogecoin would be valued at well over $67 billion.
BNB, Solana, and Ethereum complete the bullish picture
Analysts predict that Ethereum, Solana and BNB will also reach new highs by the end of this year. The prediction is particularly accurate. places the Ethereum price at The market capitalization of the cryptocurrency is now $910 billion, which means that it will reach $7,537.60 in the next 3 months. The analyst’s forecast does not indicate that ETH will ever challenge Bitcoin in terms of dominance.
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BNB, which is recently made a new all-time high In the three-month period following September 18, it was expected that $1,004 would continue its upward trend to reach $1 603.05.
Solana was one of this year’s best-performing stocks, so it shouldn’t be surprising that analysts gave the stock a $392.98 target for three months. SOL was trading at $244 when this article was written, so the analyst’s prediction represents a 61% gain.
Analysts predict that cryptocurrencies will increase by an average of 60 to 66% before the end the year.
Chart from Tradingview.com, iStock image.
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Source: www.newsbtc.com
