dailyhodl.com
A popular crypto analyst is unveiling his Ethereum ($ETH) and Bitcoin ($BTC) peak price predictions for the current bull market cycle.
The pseudonymous analyst known as Credible tells his 384,800 followers on the social media platform X that Ethereum will surge past $10,000 at “minimum,” but notes that $ETH can realistically rally to as high as $20,000.
He bases the prediction on the gains he thinks Bitcoin will see.
“I think there’s a chance we can come up on a peak/blow-off top near $20,000.
It’s pretty simple – I think $BTC can realistically 2x from our last high at $69,000 – which means most alts will do multiples of that.
For $ETH, a 3-4x of prior all-time high puts us at $15,000-$20,000.”
Ethereum is trading at $3,484 at time of writing and is down more than 3% in the past 24 hours.
Credible also thinks that $XRP could skyrocket past $10, noting that the payments altcoin surpassed Ethereum’s market cap in a previous cycle.
“Reality is at current circulating supply, a $10,000 $ETH is equivalent to a $20+ $XRP. So if you think $10 is impossible for $XRP but $10,000 $ETH is realistic for $ETH, you need to check your bias real quick.”
$XRP is trading at $0.614 at time of writing.
In terms of shorter-term predictions, the analyst thinks Bitcoin will continue to trade sideways for a few more days.
“Bids now capping price on the downside (or attempting to) the same way asks were capping upside earlier. [Open interest] is building up though so we should get some nice volatility once we break out of this range.”
At time of writing, Bitcoin is trading for $68,508.
Generated Image: Midjourney