Ethereum

Covalent

Cryptocurrency

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-altcoin-rise-while-showing-pessimism-for-bitcoin-and-ethereum/" data-wpel-link="internal">Analyst Predicts Altcoin Rise While Showing Pessimism for Bitcoin and Ethereum</a><br></p>
<p style="text-align: justify">As the cryptocurrency world continues to experience volatile price movements, attention turns to analysts’ comments and which cryptocurrencies they focus on. During the period when Bitcoin fell from $70,000 to $58,500 and then recovered slightly, a famous <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> follower predicted a rise for an altcoin while painting a pessimistic picture for Bitcoin and <a href="https://en.coin-turk.com/bitcoin-surprises-gold-investors-with-recent-price-dip/" data-wpel-link="internal">Ethereum</a>.</p> 
<h2 style="text-align: justify" id="analyst-s-altcoin-emphasis">Analyst’s Altcoin Emphasis</h2> 
<p style="text-align: justify">An analyst closely followed in the cryptocurrency world made statements suggesting that a low-volume <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> (AI) token could rise. Cryptocurrency analyst Michaël van de Poppe made significant statements on X.</p> 
<p style="text-align: justify">He indicated that there could be a rise for <strong>Covalent</strong> (CQT), which ranks 346th in market value and is lagging in market volume.</p> 
<p>CQT has returned to November 2023 levels. There has been a sharp correction since the peak in February. We expect Covalent’s price to rise significantly since its latest updates.</p> 
<p>CQT is trading at $0.1549 after a 3.83% drop at the time of writing. CQT’s market cap is $124 million, while its trading volume remains below $1 million after a 21% drop in the last 24 hours.</p> 
<h2 style="text-align: justify" id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-366183-src-https-coin-turk-com-wp-content-uploads-2024-06-cq-coin-turk-com-png-alt-width-920-height-514"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-366183" src="https://coin-turk.com/wp-content/uploads/2024/06/cq-coin-turk-com.png" alt="" width="920" height="514"></h2> 
<h2 style="text-align: justify" id="bitcoin-comments">Bitcoin Comments</h2> 
<p style="text-align: justify"><strong>Bitcoin </strong>(BTC) was also reviewed by Van de Poppe, who suggested a possible drop before a rise in the leading cryptocurrency.</p> 
<blockquote> 
 <p>This will likely be the case for Bitcoin. Preferably, we scan the $60,000 region where the bullish divergence started. A reversal could occur from next week with the approach of the Ethereum ETF (exchange-traded fund) listing.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-366184" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-coin-turk-com-5.png" alt="" width="925" height="522"></p> 
<p style="text-align: justify">BTC experienced a 1.8% drop in the last hour and is now finding buyers at $60,695. The market cap has fallen below $1.2 billion, while the 24-hour trading volume is at $23.4 billion after a 3% rise.</p> 
<h2 style="text-align: justify" id="how-much-is-ethereum">How Much is Ethereum?</h2> 
<p style="text-align: justify">Lastly, the analyst reviewed <strong>Ethereum</strong> (ETH) and suggested that ETH could move upward against BTC (ETH/BTC).</p> 
<blockquote> 
 <p>Technically, ETH is holding a very important level for support. I think we will continue to drift upward from here. If it can reach 0.06 BTC ($3,690), then I assume we will see a major breakout and Altcoin strength for the rest of the year.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-366185" src="https://coin-turk.com/wp-content/uploads/2024/06/eth-coin-turk-com-2.png" alt="" width="910" height="510"></p> 
<p style="text-align: justify">ETF is continuing to find buyers at $3,379 after a 2.11% drop in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-altcoin-rise-while-showing-pessimism-for-bitcoin-and-ethereum/" data-wpel-link="internal">Analyst Predicts Altcoin Rise While Showing Pessimism for Bitcoin and Ethereum</a></h5>

Analyst Predicts Altcoin Rise While Showing Pessimism for Bitcoin and Ethereum

Table of Contents

COINTURK NEWS

Autres articles publiés le 28 juin 2024

Analyst Foresees Altcoin Surge

Solana to $1,000? Ethereum's History Makes It Possible

Is Ethereum’s market bottom in? Price indicators point to a $5K target

AMD FSR 3.1 update is available for five games including Ghost of Tsushima

Ripple Backer John Deaton Condemns SEC Chair For Small Investor Damage

Solana Soars 6% As VanEck Files For First Solana ETF And Analysts Predict Speedy Approval If Dona...

Join our free newsletter for daily crypto updates!