Bitcoin $104,585 continues to hover around the $105,000 mark, with most altcoins still struggling to reach expected levels. As we approach the monthly close, concrete steps from Trump regarding cryptocurrencies are anticipated on Monday. What are the expectations for Fartcoin? Will altcoins rise further?
Ethereum and Altcoins
When a cryptocurrency consolidates for an extended period, it indicates ongoing accumulation. The price of ETH has stagnated for months, which is quite frustrating for many. However, as XRP Coin experiences rapid growth, the dominance of BTC has begun to stabilize, leading altcoin investors to place their hopes on it.
This does not imply that ETH whales are lost. A recent chart shared by Ali Charts shows that over 330,000 ETH were accumulated last week, representing over 1 billion dollars in value.
“Whales accumulated over 330,000 #Ethereum $3,480 $ETH last week, exceeding 1 billion dollars in value!” – Ali Charts
Crypto Rover adds to the excitement by suggesting that a breakout in USDT dominance could set the stage for a new, larger wave of growth for BTC. If we see a repeat of prior patterns, BTC could surge to $300,000 or more, indicating a potential tripling from current prices.
Fart Coin Price Prediction
Some altcoins suddenly emerge during new bullish cycles, outperforming many established cryptocurrencies. Surprisingly, even meaningless cryptocurrencies like Fart Coin can achieve this. In a recent market assessment, Altcoin Sherpa noted the following graph regarding Fart Coin.
“I think a price range of $1.10 to $1.20 for #Fartcoin is likely a good entry point. I will focus on adding rather than selling.”
As of the writing, BTC is at $105,700, and the market is expected to trigger further rises over the weekend, supported by upcoming ETF data. Unless there are unexpected outcomes regarding Silkroad assets, expectations for Monday should lead to even higher peaks.