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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

3 Altcoins Set To Skyrocket In Next Crypto Bull Run, According To Analyst

Samuel Edyme
Samuel Edyme
1 year ago
2 mins read
These Altcoins Are Set To Inject Billions Into The Crypto Market By May

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Several altcoins have garnered attention for their potential in the next bull run. Nick, a prominent crypto analyst and host of the Cheeky Crypto YouTube channel, has pinpointed three specific altcoins that he believes are poised for significant growth in the forthcoming market surge.

Based on current market trends and developments, Nick’s analysis highlights these altcoins for their unique features and potential growth trajectories. These predictions offer insights into which could be the next big movers in the crypto world.

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Three Altcoins Poised For Potential Surge

Solana (SOL) is one of the three altcoins that caught Nick’s eye for its chart structures and potential scalability. Regardless of initial hesitations, the analyst acknowledges Solana’s robust technical setup, which he believes could propel its price to “phenomenally high numbers” in the next bull run.

Nick predicts Solana could hit a target as high as $7,500, although he also offers a more conservative estimate of $2,000, considering potential future developments that might impact its growth.

Solana (SOL) price chart on TradingView
Solana (SOL) price is moving sideways on the 4-hour chart. Source: SOL/USDT on TradingView.com

While Solana currently trades at a price nearing $60, a more practical short-term target, according to Nick, could be $600 to $700.

The analyst advised investors to be cautious about the potential market impact when large amounts of SOL become available for sale after a lock-up period and to consider this in their investment strategy. Nick noted:

Obviously, there are a lot of [Solana] tokens that are locked up for Solana so we basically start seeing a lot of those tokens being distributed and the lockup periods are expiring in 2025 March so this means we really want to make sure that we are out of our positions before those billionaires have the ability to dump on us.

Chainlink (LINK) is also another altcoin found on Nick’s radar. The analyst appreciates Chainlink’s importance in the blockchain industry and anticipates its increasing exposure and adoption could lead to a substantial capital influx.

Nick’s theoretical projection sees Chainlink reaching up to $2,300, while a more grounded expectation places it between $200 and $400 during the next crypto bull run.

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Ethereum Breakout: Analyst Explains Why The King Of The Altcoins Is Destined For $10,000

1 year ago

Featured image from Unsplash, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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