With the recent Bitcoin halving event now behind us, market experts are turning their attention to the potential ripple effects on the broader cryptocurrency landscape, especially focusing on low-cost altcoins like DTX and BONK.
Analysts predict that these economically priced cryptocurrencies could see significant rallies in the post-halving months.
Post-Halving optimism: Standard chartered predicts Bitcoin could reach $200,000 by 2025
Despite the widespread skepticism from analysts expecting a downturn following the recent Bitcoin halving, Geoff Kendrick, head of digital assets research at Standard Chartered, remains exceptionally bullish. In a recent Bloomberg BNN interview, Kendrick reiterated his previous forecast that Bitcoin could soar to $150,000 by the end of this year and further rise to $200,000 by the end of 2025.
This optimism was initially spurred by Standard Chartered’s bold prediction before the approval of several spot Bitcoin ETFs by the US Securities and Exchange Commission, anticipating a quadrupling in Bitcoin’s price by year’s end. Kendrick attributes this potential surge to the growing US ETF market, where he predicts inflows into spot Bitcoin ETFs could balloon from $12 billion to between $50 billion and $100 billion.
Drawing parallels with the gold market, Kendrick highlighted the significant growth following the introduction of gold ETFs in the US in 2004, where gold prices increased by approximately 4.3 times as the market matured. He suggests a similar pattern could unfold for Bitcoin with the maturation of the crypto ETF market, potentially within an 18-24-month timeframe.
Moreover, Kendrick advocates a portfolio distribution of 80% gold and 20% Bitcoin, asserting that even if gold prices remain stagnant, such an allocation could propel Bitcoin’s price to between $150,000 and $200,000. He also posits that substantial institutional investment could not only boost Bitcoin’s price but also provide stability, mitigating the sharp retractions typical of past cycles.
Despite a temporary stagnation in Bitcoin’s price post-halving, possibly influenced by slow ETF inflows and geopolitical tensions in the Middle East, Bitcoin has still managed a notable year-to-date increase of over 55%, currently trading at around $66,000, marking a 5% rise in the last week, as per CoinGecko.
BONK leads memecoin surge with 130% gain in late April following Bitcoin Halving
In the latter half of April, meme coins have recaptured the spotlight in the cryptocurrency market. Following the Bitcoin halving, major players like BTC and ETH have found it challenging to maintain momentum, prompting investors to explore other niches within the crypto economy.
Recent market analyses indicate that BONK, the second-largest meme coin on the Solana network, has seen a substantial increase in interest, more than doubling its market capitalization in just two weeks. From a low of $0.000012 on April 13, BONK’s price has skyrocketed by 140% to reach $0.000027 as of April 26.
This remarkable 130% increase in BONK’s value over the past 12 days not only highlights its dominance in the memecoin sector but also positions it as the top performer among the top 50 cryptocurrencies, significantly outpacing PEPE, which has gained 109.8% during the same period.
DTX gains momentum: New crypto poised for growth with strong presale and investor confidence
Following the Bitcoin halving, there’s a growing buzz around low-cost altcoins like DTX, a newcomer to the cryptocurrency scene. An influential Binance Coin (BNB) investor has recently made waves by suggesting that DTX could potentially skyrocket in value by 25 times after his investment of $50,000. This strong endorsement has spotlighted DTX as a key player in the anticipated bull market and a formidable force in the crypto arena.
DTX’s initial presale has exceeded expectations, amassing over $120,000 and significantly boosting investor confidence. The platform is distinguishing itself in the realm of high-frequency trading by offering up to 1000x leverage on various assets.
Further enhancing its attractiveness, DTX has removed KYC requirements, yet remains compliant with international financial regulations, offering a secure and user-friendly trading environment. With the presale price set at $0.02 and expected to rise to $0.075 in the forthcoming phase, DTX Exchange is gearing up for substantial growth.
For more details about this project:
- Visit DTX Presale
- Join The DTX Community
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