Bitcoin is hitting new highs; it could reach 140,000 in September.
Bitcoin recently rose to over 113,000 dollars, setting a new historical high. There is now 868 million dollars betting that it can rise to over 140,000 dollars by the end of September. Many believe there is potential in July as well — some say it can reach 116,000, and more ambitious predictions are at 136,000. In the short term, it may break 120,000 by the end of July.
Additionally, funds are flowing from other altcoins into Bitcoin. It is estimated that 64 billion dollars could shift to Bitcoin this quarter. Institutions are also buying; Bitcoin ETFs have purchased 15 billion dollars worth of Bitcoin since mid-April, supporting the price upward.
Ethereum has surpassed 3000 dollars, with the next target being 4000+.
Ethereum has finally broken through 3000 dollars, currently around 3020 dollars, which is a significant increase from April's low of 1794 dollars.
This wave of increase is related to the depreciation of the dollar — the dollar has dropped by 10.1% this year, the worst since 1973. Coupled with policy support, a lot of funds are flowing into cryptocurrencies.
From the price trend, Ethereum has broken through the previous consolidation range and may rush to 3600-4200 dollars, even breaking 4000 dollars. However, it must hold above 2800-2900 dollars, or it may correct.
XRP has broken through a long-term bottleneck, resembling the situation before the big surge in 2017.
XRP is now at 2.58 dollars, having risen 15% in a week, just breaking through the price range from 2018 to 2024. This trend is very similar to the surge before 2017.
Analysts say that if it follows the previous pattern, it could rise to 9.63 dollars.
Recently, there have been many large transactions, including a transfer of 40 million XRP (worth over 100 million dollars), and 25.49 million XRP transferred to Coinbase. Market activity is quite high, and as long as it can stay above 2 dollars, the upward momentum may continue.
Dogecoin 2 dollars? Some expect it, some doubt it, and there’s a practical project that is very popular.
Some say artificial intelligence predicts that Dogecoin could reach 2 dollars by the end of the year. If that’s true, it would need to increase 9 times, but others find it unreliable — after all, Dogecoin mainly relies on hype and has no real utility.
In contrast, projects like Remittix, which have real utility, are garnering more attention: it facilitates global cryptocurrency remittances to fiat currency, having already sold 550 million tokens and raised 16 million dollars. It is currently at 0.0811 dollars, with an early buyer bonus of 50%, making it seem more practical to many.
ENA rose nearly 20% after listing on Upbit, and the unlocking didn’t stop the increase.
The ENA token recently launched on Upbit, can be exchanged for Korean won, Bitcoin, and others. The news caused it to rise by 19%, peaking at 0.39 dollars.
Although more than 210 million were unlocked in July, the price remains quite stable due to the project itself being profitable (total revenue is nearly 300 million dollars, similar to major platforms like Tether).
The cryptocurrency market is currently very active, with Bitcoin leading the way, and other coins also have their highlights. Many are watching the upcoming trends.