Altcoins have turned red again as Bitcoin $89,739 struggles to hold its price at desired levels. Due to months of downward attempts leading to significant dips, investors are becoming more cautious. This caution is reflected in the 4% loss in altcoins, driven by Bitcoin’s recent decline of $200. What are investor predictions for LDO Coin and other altcoins?
LDO Coin Future Analysis
Crypto analyst CryptoBullet highlighted LDO Coin in today’s market analysis. The analyst shares price targets that could provide investors with a fresh perspective. LDO Coin has experienced price increases in correlation with the growth of the Ethereum $3,216 network, which is closely related to its ecosystem.
With ETH recently hitting a new low against BTC, many are anticipating a real rally in October and beyond. This rally may also benefit LDO Coin investors. CryptoBullet shared a chart and stated the following:
“LDO Weekly Chart.
I like this table. Beautiful Leading Diagonal! If you want to buy LDO Coin, I believe this is a good entry point.
I expect a rally over the next few months.
Target 1 – $8.8
Target 2 – $16.6 (Main Target)
Target 3 – $36.9 (If the rally accelerates)”
If the technical model plays out, a strong move to point C could lead to a 1600% price increase. However, this depends on ETH establishing a solid position above $4,000. Currently, ETH hovers around $2,300.
Altcoin Targets
Altcoins have hit bottom and are projected to leap to a total market cap of $1.8 trillion by the end of March 2025. Michael Poppe, who shared the chart below, asserts that while this may sound ambitious, it isn’t entirely impossible when compared to late 2020. Notably, ETH has yet to reach 2021 levels against BTC, and some altcoins have dipped below their 2023 lows.
If Poppe’s target is realized, we could see major altcoins like ETH increase threefold or more, resulting in substantial gains for some altcoins, possibly exceeding ten times their current value.