The bull run in the crypto sphere was earlier anticipated to be triggered by Bitcoin Halving, an event that practically slashes mining rewards and makes BTC scarce in the supply. This marks an uptick in the value of the token and has a ripple effect on other cryptocurrencies. Halving has happened, and the effects are less visible at the moment. This is evident from the fact that BTC itself is below $62,000, away from the recent ATH of $73,000 that it had achieved in 2024.
Nevertheless, experts are expecting a rebound from altcoins, with a rise likely to happen shortly.
Some of the factors that could drive the price of altcoins are market demand, regulatory policies, competition, technology, and economic conditions. The last factor is heavily based on what the Federal Reserve decides in the next meeting – rate cut. Others, however, are well in the hands of altcoins. The competition is imminent since many new cryptos have made their way into the market.
While not all of them have succeeded, there has been an exception to the list. MAGA VP has surged by more than 119.62% in the last 30 days. It is currently listed at $0.13, with speculation that it could soon test the resistance at $0.50. Assuming that does happen, it will pave the way for MVP to surpass the major milestone of $1. It currently holds a Market Cap of approximately $5.4 million with a forecast to exceed ~$600 Million Market Cap over the next weeks to cope with MAGA $TRUMP as the 2nd largest PolitiFi token.
A tentative timeline cannot be drawn about the bull run hitting the crypto market. By the looks of it, one can rightly assume that a bull run in the meme coin segment is at least likely to hit in the next month.
Traders have begun exploring altcoins as a way to diversify their portfolios. Altcoins like MAGA VP and SHIB could be on the verge of making their way ahead of DOGE on the list. Analysts have their bets on three more altcoins – BONK, XRP, and QUBE. They have placed these altcoins on the list for traders who are looking to take an early retirement. Needless to say, these are based on the current conditions and sentiments, which are likely to change with time.
QUBE is displaying an upside potential and is probably willing to reverse the loss that any holder may have suffered in recent times. BONK is based on Solana and is leading the chart within the ecosystem. The potential of the dog-themed altcoins remains unmatched as they continue to instill a sense of confidence in them. XRP’s rise depends on how the SEC comes up in the next meeting. It could go pretty normally, which is evident from the fact that the community believes that the altcoin could explode at any time now.
BONK could be looking at the value of $0.00009 by the year-end, and so is QUBE, except it could surpass the $1 milestone. XRP, experts believe, is positioned to touch the dollar.
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