Cryptocurrencies Price Prediction: Altcoins, Ethereum & Bitcoin – American Wrap 05 May

Altcoins just repeated a move that could launch them 27,000% higher

The altcoin market cap has flipped its previous cycle high to support — and the last time that happened, it gained 27,623% in a year. Altcoins have delivered huge gains this year, but if they repeat their 2017 moves, hodlers may be looking at an insane 27,000% moonshot. According to popular trader Rekt Capital, those are the potential combined returns for altcoin investors if history repeats itself this year. 

 

Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76.

 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: JP Morgan CEO still not sold on cryptocurrencies, market scrambles to find support

Bitcoin price seems to be holding well despite Tuesday’s sudden crash. Ethereum price has kick-started its consolidation after setting up an all-time high at $3,530. Ripple price dipped below the demand zone’s lower boundary at $1.33 but showed signs of recovery.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.