In the crypto world, as Bitcoin (BTC) heads toward the critical $100,000 target, short-term fluctuations are notable. After reaching as high as $99,419, BTC has seen a slight decline and is currently trading at $97,677. Investors accept such corrections as a normal part of the market. In addition, eyes are focused on the bullish potential in altcoins such as Ethereum (ETH), Cardano (ADA), and Binance Coin (BNB).
Recently Cardano (ADA)$ADA
, has managed to enter the investors' radar. ADA is trading at $0.9, recording a daily increase of over 15%. Large ADA transactions on the network have exceeded $22 billion, indicating intense interest from large investors. Experts predict that the price of ADA could soon rise to $6. However, in order to continue this rise, it is especially critical to maintain the $0.8 level. If this level is broken, bullish expectations may be jeopardized.
Ethereum (ETH)$ETH
While its price is currently affected by Bitcoin’s market movements, experts say that significant gains are imminent for the ETH/USD pair. According to technical analysis, the price of ETH could soon reach $4,000 after breaking $3,500.
Binance Coin (BNB)$BNB
A strong rise is also expected in the long term. According to analysts, the support level in the BNB/BTC pair is approaching and after Bitcoin's pressure on the market decreases, a rapid rise in the BNB/USD pair may be seen.
Although the cryptocurrency market continues to follow a volatile course, the potential volatility in Bitcoin and leading altcoins keeps investors' expectations alive and creates strong optimism in the market. Although there are short-term corrections, bullish targets are still the main agenda item in the market.
