In the midst of a slight slowdown in the crypto bull market during the second quarter of 2024, analysts are countering FUD with some incredibly bullish predictions for altcoins.

Altcoin Daily, a popular crypto account, recently released a comprehensive list of forecasts. They anticipate Bitcoin surging to $120,000, Ether to $8,800, and Solana to $720. According to these predictions, Bitcoin could nearly double to $60,600, while Ether and Solana could see gains of 200% and 400%, respectively.

Adding to the optimism, another prominent analyst, Deezy.eth, shared their own projections. They expect Cardano (ADA) to skyrocket by 13.25x, reaching $5.90 from its current level of $0.445. They also foresee XRP hitting $1.80 and Dogecoin reaching $0.50, marking increases of 260% and 250%, respectively.

These bullish forecasts come amid growing FUD in the crypto market. Many altcoins and meme coins surged between February and March as Bitcoin hit new highs above $70,000. However, sharp corrections followed due to waning interest in spot Bitcoin ETFs and macroeconomic challenges.

While Bitcoin saw a 17% drop from its March peak of $74,000, altcoins experienced steeper declines. Solana, XRP, Dogecoin, and Cardano fell by 30%, 32%, 37%, and 45%, respectively.

Historically, post-halving BTC rallies typically begin within 4-6 months. The recent halving in April wasn't expected to immediately trigger an upward surge, as post-halving corrections often coincide with the summer season in the crypto market and a period of consolidation.

While a sudden rally shouldn't be anticipated, we're undoubtedly in the midst of a new bull market. However, 10x Research cautioned that the unlocking of tokens could impede the altcoin rally if venture capitalists decide to pull back.