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Bitcoin, Ethereum and Altcoins Poised to Rise 3-5x in Next 12 Months
Bitcoin (BTC) Price rose above $71,000 again on Wednesday, fueled by increased demand from institutional investors. But that’s not all – regulatory approvals and new markets are emerging globally, sending a wave of optimism through the crypto world.
On Tuesday, the Thailand SEC Approved First Spot Bitcoin ETF as the Australian market welcomed a similar product. In the United States, Fidelity Investments’ FBTC continued to lead in cash inflows with around $378 million and BlackRock’s IBIT with around $274 million.
Consequently, the altcoin industry gained new bullish momentum. According to the latest crypto oracles, Binance native coin BNB pumped above $700 for the first time. Floki Inu (FLOKI) led the meme coin industry with growth of two percentage points in the last 24 hours following notable investment from DWF ventures.
Get ready for an exciting year ahead!
Popular crypto trader Ash Crypto, who has over 1.1 million followers on X, predicts an exciting year for the digital asset industry. He set a bold Bitcoin price target of around $100,000, an important psychological milestone.
Ash Crypto also predicts Ethereum to reach $10,000 and expects altcoins to make 3-5x gains in a single day. He noted that meme coins could reach valuations in the billions.
Changes in the global market and crypto prices
The total cryptocurrency market capitalization is constantly growing, challenging traditional investment products such as stock indices and precious metals. On Tuesday, the Indian stock market recorded its worst performance in more than two years, losing more than $400 billion in a single day. With the upcoming general election in the United States, the cryptocurrency industry is well positioned to attract more investors looking for stability amid market uncertainty.
Also check out: Bitcoin ETF breaks records with $886 million inflow, BTC price soars ahead of Fed meeting
Do you agree with Ash Crypto’s predictions? Share your own price targets!