Bitcoin (BTC) has made a new peak at $107,793, drawing attention by reaching a new all-time high. Cryptocurrency analyst PlanB, on the other hand, continues to expect a massive peak approaching $1 million, with a price target far beyond BTC’s current level. XRP Coin stands out among altcoins; its price has exceeded $2.68, while its gains in the last 24 hours are at 14%.
So, what is the latest situation on the Dogecoin (DOGE) front? What are the predictions for altcoins and Bitcoin?
Dogecoin (DOGE) Current Status$DOGE
Dogecoin (DOGE), the largest meme coin by market value, was trading at $0.406 at the time of writing and had a daily gain of 3%. However, analyst Ali Charts noted that an increase in Dogecoin’s floating supply was observed about 12 hours ago, with 5.8 billion DOGE changing hands. Despite these sales, the fact that the price remains strong is considered an important sign in the bull market. Especially in these days when new investors are increasingly interested in cryptocurrencies, the trend towards meme coins is also remarkable.
Analyst Moustache gave a very positive assessment of altcoins. Moustache stated:
“We have the biggest altcoin rally in 4 years (this cycle will probably be more like 8 years since everything reminds me of 2018).
Every fall is meant to shake you up. Remember that.
“It looks like generational wealth could be built with altcoins in the coming months.”
Based on his experience in previous years, the analyst predicts that much greater gains are possible in this cycle. It is also stated that the expected news flow in the coming period will reinforce this scenario in cryptocurrencies. If the predictions are correct, the total market value of altcoins could reach new peaks close to $ 4 trillion.
Bitcoin is trading at $106,573.1, breaking above $107,400 to reach a new high. Today, the BTC price rose to $107,793. Cryptocurrencies are generally on the rise following the US Federal Reserve (Fed) meeting. Unless Fed Chair Jerome Powell signals that he will slow down the rate cuts further, the current crypto market trend is expected to continue.
In addition to the interest rate decision to be announced tomorrow, the Fed's future economic projections will also be critical for the markets. Anonymous crypto analyst PlanB shared the S2F (Stock-to-Flow) model today, stating that BTC is heading not just to $ 100,000, but to new highs of hundreds of thousands of dollars.