Leading investment world figure and economist Alex Krüger is pointing to the rise of a notable altcoin project in the cryptocurrency market. Krüger, who believes that the bull run of cryptocurrencies is still in its early stages, is of the opinion that a mega rally will occur for an altcoin that has gone unnoticed.
Expectations of a Mega Rally for Altcoin Core
Krüger, in his statements shared with his 168,000 followers on social media platform X, emphasizes that more people are about to hear about Core (CORE), a Blockchain that focuses on the advantages of Bitcoin‘s (BTC) Proof of Work system (POW) and aims to benefit from Proof of Stake (POS) features.
Krüger, a prominent figure in the crypto world, summarizes the issue with the following words:
“There are two types of people in the world of cryptocurrency: those who have heard of CORE and those who will.”
At the time of writing this article, the cryptocurrency CORE had seen a 7% increase in the last 24 hours, trading at $0.81. In a new interview on the 1000x podcast, Krüger notes that the current bull run in Bitcoin and the crypto market is largely due to interest in spot BTC exchange-traded funds (ETFs).
Advice to Wait Until Bitcoin Halving
According to Krüger, despite recent price corrections for the cryptocurrency Bitcoin and many altcoins, it makes sense to wait at least until the BTC halving, when miners’ rewards will be cut in half.
Krüger’s statements particularly highlight the ETF flows. He emphasizes the following points:
“The thing is: ETF flows are so large that I think they’re just starting. This means that the absolute madness level of increases will continue. If we’re acting rationally just to protect our profits, yes, it works, but you leave most of the money on the table. I think there’s benefit in waiting.”
The economist’s comments offer significant clues about the future of the crypto market. However, the reality of this market is that investors always need to be cautious. As we write this article and look at the price of Bitcoin, the flagship of cryptocurrencies, we see that BTC is trading below $67,000.
The cryptocurrency BTC is trading at the level of $66,935. The struggle to surpass the $67,000 level continues for the king crypto BTC.
