The crypto market has been experiencing a downturn, with the global market cap decreasing by 6.71% to $3.40 trillion in the last 24 hours ¹. However, predictions suggest that the market will rebound, with the total crypto market cap expected to rise by 17.76% in the next year and hit $4.05 trillion ¹.
As for specific cryptocurrencies, here are some predictions:
- *Bitcoin (BTC)*: Expected to increase by 23.27% in the next month and reach $118,349. The long-term prediction is also bullish, with some experts forecasting it to hit $128,797 in a year ¹.
- *Ethereum (ETH)*: Predicted to rise by 38.74% in the next 30 days and reach $4,678.08. The long-term forecast is also positive, with some experts expecting it to hit $8,775.48 in a year ¹.
- *Other Altcoins*: Many altcoins, such as Solana, Cardano, and Dogecoin, are also expected to experience significant price increases in the coming months ¹.
Keep in mind that these predictions are based on technical analysis and should not be taken as investment advice. The crypto market is highly volatile, and prices can fluctuate rapidly.