A crypto strategist predicts big rallies for Core (CORE) and Near (NEAR) while anticipating a bullish reversal for Fetch.ai (FET). Core is currently trading at $2.50, up over 355% from its 2024 opening price of $0.549, while Near is worth $6.99 and FET is valued at $2.43. The analyst advises waiting for a dip to buy Core, suggests a pullback for Near before rallying, and predicts a revisit to the local bottom for FET before a bullish reversal.
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Crypto Market Recovers Slowly After Bitcoin Halving, Altcoins Show Mixed Performance
Bitcoin’s price is slowly recovering after the halving event, causing cautious trading in the crypto market. Ethereum’s price is rebounding, impacting the valuation of other altcoins. Ethena and Dogwifhat are experiencing losses, while CORE has seen a 9% rise. The recent halving event may create a supply shock, potentially driving up Bitcoin’s price, but some analysts believe its impact may already be factored in. Negative sentiment from retail sales and CPi data has led to a sell-off in risk assets like Bitcoin and equities.
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Bitcoin and Ethereum prices remained stable, while XRP, Cardano, and Solana experienced fluctuations. Other altcoins like Binance Coin, Dogecoin, and Shiba Inu also saw mixed movements. Additionally, Pepe Coin and Core showed minor changes in value.
read moreBitcoin Expert Predicts New All-Time Highs and Altcoin Market Cap Flip
Bitcoin is expected to reach new all-time highs soon, according to trader and economist Alex Krüger. He also predicts that Core (CORE) will surpass Stacks (STX) in market cap. Krüger advises traditional finance portfolio managers to either buy Bitcoin now or risk underperforming for the next decade.
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