The altcoin market is currently under pressure triggered by the latest Bitcoin crash. Ethereum, Dogecoin, BNB and Cardano prices have fallen significantly and are trading in red.
Bitcoin lost 9% of its valuation during the recent price drop; However, with expert opinion, it appears that Bitcoin is mimicking its 2020 bullish stance.
With analysts issuing positive price predictions for BTC, the altcoin market is also expected to regain some of its lost graces alongside BTC’s rise, stabilizing investors’ portfolios to the right. For Ethereum, Dogecoin, and ADA holders, here’s how this weekend will help altcoins seek stable price thresholds.
Also Read: Ethereum Price Prediction After ETF Launch: Is ETH Eyeing $3,500?
Weekend Altcoin Price Forecast
#1 Cardano
While Cardano is still experiencing a massive market crisis, ADA’s striking popularity remains unfazed by the current market position. The token will eventually accelerate, entering a bullish zone once it smells the current bullish sentiments.
CoinCodex predicts that ADA will fall further to $0.41 by May 4 and then accelerate by the end of May 20, 2024.
“According to our current Cardano price prediction, Cardano price could increase by 4.63% and reach $0.465062 by June 1, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 43 (fear). Cardano recorded 12/30 (40%) green days with price volatility of 11.28% over the last 30 days.
#2: Binance Coin or BNB
BNB is suffering the repercussions of the arrest of its former CEO Changpeng Zhao, which is slowing down BNB’s momentum. Although BNB may experience slight price fluctuations as the market repairs and recovers, it is expected to peak by the end of May 2024.
According to CoinCodex, BNB could rise by 1% by May 7, to trade at $563. However, the token could rise by 24% to trade at $687 by the end of May 2024.
“According to our current Binance Coin price prediction, Binance Coin price could increase by 24.28% and reach $687.63 by June 1, 2024. According to our technical indicators, the current sentiment is bearish, while the fear and greed index shows 43 (fear). Binance Coin recorded 15/30 (50%) green days with price volatility of 3.66% over the last 30 days.
#3 Dogecoin
The dog-inspired meme token Dogecoin has always fascinated the crypto vertical by quickly rising above the norm. Dogecoin has always predicted a stable price rise and is bound to regain lost momentum once the market correction dissipates.
According to CoinCodex, Dogecoin could rise by 0.38% by May 4 to trade at $0.126140. The token could trade at a whopping price of $0.53 by the end of 2024, making it a lucrative long-term investment instrument to hold and use.
“Dogecoin can trade in a range of $0.107249 and $0.533978. If it hits the upper price target, DOGE could rise by 316.02% and reach $0.533978.
Also Read: Cardano: How High Can ADA Trade in May?
#4 Ethereum
Despite being under strict authoritarian control, Ethereum is doing well in the current bull market scenario. As discussions on Ethereum ETFs gather pace, May may be a game-changer for the token’s entire price trajectory.
According to CoinCodex, Ethereum could see a 1.48% rise by May 4, trading at $2,942.
The token could rise by a modest 3% by the end of May 2024, trading at $3,010.
“According to our current Ethereum price prediction, Ethereum price could increase by 3.08% and reach $3,010.34 by June 1, 2024. According to our technical indicators, the current sentiment is bearish , while the fear and greed index shows 43 (fear). Ethereum recorded 16/30 (53%) green days with price volatility of 5.31% over the last 30 days.
reference: watcher.guru