The crypto market finally shows signs of improvement, growing by 6.6% as Bitcoin, Ethereum, and Dogecoin see a sudden rise in values. The current crypto market is valued at nearly 1.8 Trillion USD, to put things in perspective. Bitcoin, which has lately been valued below 38’000 USD, finally seemed to be touching 40’000 USD on Thursday morning. Investors are hopeful as the market-leading crypto appears to be gaining momentum once again.
Similarly, Dogecoin was added to coinbase, leading to an immediate rise in its value, despite it being meme-based crypto. Dogecoin increased more than a third in value over the time course of a few hours only. Investors are now positive about Dogecoin’s future as well, especially after studying the recent rise in acceptance of the joke-based crypto.
While it’s no secret that Dogecoin, alongside other cryptocurrencies, has seen extreme volatility over the past few days, fluctuating crypto prices is completely normal. The ‘doge-army’ is now committed to taking Dogecoin to an all-time high. Also, many investors are now more inclined towards HODLing cryptos or investing in cryptos for longer periods, especially after seeing the recent shifts in crypto prices.
Investors are curious as to whether Bitcoin will continue rising in value over the coming few months. Many expert analysts have suggested that there’s a high likelihood that BTC will continue to rise in value this month and see an all-time high in the near future.
The analysis is not absolutely realistic but instead based on previous market patterns and an optimistic approach. However, more times than not, the suggestions given by analysts prove to be correct. However, crypto critiques have taken the internet by storm as they suggest alternative analysis, stating the highly volatile and base-less existence of cryptos. The critical analysis of crypto saw a rise following the change in crypto prices simply due to Musk’s tweets.
However, Bitcoin is still one of the greatest cryptos out there and continues to benefit investors that adapted to it early on. Maybe the crypto may not see an extreme rise in value, but the chances of it crossing 40’000$ are pretty high this month.
CoinMarketCap, the leading crypto price tracker, has analyzed and published a positive forecast for major cryptos including Bitcoin, Cardano, Ethereum, SHIBA INU, Dogecoin, Polygon and SafeMoon. According to their predictions, Dogecoin won’t see a massive rise in value. Instead, the meme-based crypto is said to rise less than 10% in the near future.
Similarly, the estimated rise in Bitcoin’s value appears to be 18.4%, which is massive. SafeMoon is predicted to rise 82.6%, and SHIBA INU is said to rise 54.7%. Ethereum is also predicted to see a 13.9% rise in value. Investors can only hope that these predictions are accurate, but only time will tell whether or not this month is a positive one for crypto investors.