Altcoins
Trader Who Predicted Bitcoin Rise in 2024 Eyes 3 Altcoins for High Returns by June
The forecasts of seasoned traders and analysts often form the basis of investor sentiment. With years of experience, these crypto traders have eagle eyes, which leads to many accurate predictions. A seasoned trader known as Bob Lukas made a bullish prediction for Bitcoin, predicting a BTC rally to $74,000. Recently, he revealed three altcoins – Solana (SOL), Shiba Inu (SHIB) and Hump (HUMP) – the next big plays poised to generate 10x returns by June.
Trader predicts Bitcoin rally to $74,000
In January, Bob Lukas, a renowned trader who enjoys a large following on social media platforms like Twitter and YouTube, gained attention for his bold predictions. Lukas’ prediction focuses on the cyclical nature of Bitcoin’s price movements, particularly regarding four-year halving cycles. With the recent halving in April 2024, Lukas predicted a rise in the price of Bitcoin, possibly reaching $74,000 by 2025. However, Bitcoin outperformed his predictions, reaching the $74,000 mark in March. Recently, it revealed three altcoins poised for 10x growth in June, sparking big possibilities for investors.
Solana (SOL)
Among Lukas’ picks for the next big deal is Solana (SOL), which has attracted the attention of investors and analysts due to its high throughput and low transaction fees. Currently the fifth largest cryptocurrency by market capitalization, Solana is one of the fastest growing cryptocurrencies, with SOL seeing a 450% rise since the start of the year. Although it is currently down 20% over the past seven days, Solana has shown resilience, attracting significant investment flows. Solana’s trading volume also increased, becoming the second largest blockchain by trading volume, solidifying its position as a significant player in the cryptocurrency market. The trader believes that even though SOL saw unstable developments in April following the network congestion issue, it will witness gains in May, leading to a 10x price rise in June. The trader believes that the rise of meme coins within the Solana ecosystem is a major bullish factor for Solana. With coins like Book of Meme (BOME), Hump (HUMP), Dogwifhat (WIF), and Bonk (BONK) witnessing mammoth gains, he predicts increased interest from developers, propelling Solana to a 10-fold resurgence. time in July.
Shiba Inu (SHIB)
Shiba Inu (SHIB), a meme coin inspired by the popular dog breed, has had a good year. Despite a recent price drop of 19% following the general market slowdown, the trader predicts a bullish recovery in June. It supports the bullish prediction of analyst Ali Martinez, who identified a potential bull flag formation on the daily chart, formed by consolidation between price peaks. With Shiba Inu’s high potential for a bullish reversal soon, SHIB will recover and position itself for a strong uptrend to gain 10x in June. Shiba Inu showcases its high profitability as more than 16% of the total active addresses are still recording gains amid the market correction. According to the trader, the token burning mechanism accelerated the bullish momentum of Shiba Inu. Even if millions of tokens were burned, the immediate effect is minimal. However, Lukas believes that before June its impact will be felt, pushing the value of SHIB up several notches. With the Shibarium hard fork event just days away, anticipation is high as this is expected to have a positive impact on SHIB value.
Bump (BOSS)
The Solana blockchain has become the home of successful meme coins, and its speed and scalability contribute to their success. One such popular meme coin is Hump (HUMP), and the trader was identified as an outperformer in June. Inspired by the face of an adorable pet, Hump (HUMP) stands out with its innovative features as it offers investors a unique value proposition, including zero transaction tax and a focus on inclusiveness. After its listing in March, HUMP saw its value skyrocket by a staggering 5,000%. Hump’s resounding growth highlights investors’ high confidence in the coin. HUMP’s total supply is capped at 6.9 billion, a strategic figure that balances affordability and scarcity, protecting the token from price drops caused by inflation. This trader believes Hump is poised for more gains before June, potentially seeing a 10x increase. With the purchase of HUMP facilitated by major decentralized exchanges (DEXs) like Raydium and Jupiter and a simple purchase process where investors can trade SOL for HUMP, it is currently building a bullish base. The meme coin has already been listed on CoinMarketCap and CoinGecko, and plans are in the works ahead of its listing on notable centralized exchanges (CEX). The trader predicts gigantic returns for investors, with HUMP following in the footsteps of BONK and WIF and even surpassing them.
Investing for 10X Gains in June 2024
Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP) are three altcoins that a seasoned trader, Lukas, has identified as having high potential for a 10x rally in June 2024. Solana’s exceptional growth this year and its The ecosystem’s reputation as a thriving ecosystem lays the foundation for its rally potential, while the Shiba Inu’s combustion mechanism is expected to yield results before June. Hump, a new meme coin, has attracted attention with its whopping 5,000% increase since its introduction. With its listing on centralized exchanges and excitement given its unique utility, Hump could gain 10x in June or before.
Click here to buy Hump token (HUMP):
Website: https://hump.io/
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptoken
Disclaimer: The text above is an advertising article and is not part of Cryptonews.com editorial content.