Bitcoin (BTC) has rebounded to over $70K, signaling a potential bull run ahead of the Bitcoin halving event, which has historically led to significant price rallies. The event, set to occur later this month, reduces the rewards given to miners, thus limiting the production of new coins. This limited supply could lead to increased prices if demand remains constant or increases.
Dogecoin (DOGE) has regained the $0.20 mark with predictions of a dramatic increase in value, driven by a speculative “Cycle of 7 years” theory. Analysts believe the meme coin has potential for substantial growth, with predictions of its price skyrocketing to $2, $9, and even $40 in the future.
Shiba Inu (SHIB) has gained support from a major cryptocurrency platform, Nexo, enhancing its usability and accessibility. Despite recent support, Shiba Inu’s price remains in the red on a weekly scale. However, the asset has increased nearly 200% since the end of February, indicating a positive outlook for the meme coin.