Shiba Inu Reaching $0.05, After An Expert Projection for Some Cryptocurrencies
Cryptocurrency expert Investor Ben has set yearly price targets for ten major cryptocurrencies, including Bitcoin, Shiba Inu, Solana, and Avalanche. Recent global economic and socio-political events, such as the conflict between Israel and Hamas, have caused a significant downturn in the financial market, leading to a 3.8% decrease in the global crypto market cap over the past 24 hours, down to $2.2 trillion.
Projection for Some Cryptos
Despite the recent decline, there is optimism among market watchers that a substantial rally is imminent, with projections indicating a potential rally starting this year and peaking by 2025. Investor Ben is among those who share this sentiment.
In a recent post, Ben provided a list of the top ten cryptocurrencies and their potential targets for 2024. The list includes Bitcoin (BTC), Shiba Inu (SHIB), Dogecoin (DOGE), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Artificial Superintelligence Alliance (FET), Binance Coin (BNB), Toncoin (TON), and Cortex (CTXC).
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Ben projects that Bitcoin could surge between $80,000 and $100,000 this year, representing a potential rally of 29.67% from its current price of $61,692. For Shiba Inu, Ben expects the cryptocurrency to trade within the range of $0.05 to $0.09 this year, requiring a potential surge of 338,653% from its current price.
Other Projection
Additionally, Ben foresees Solana trading between $600 and $1,000, with DOGE, AVAX, FET, and BNB expected to trade within the price range of $0.67 to $1.45, $63, $3.47 to $5, and $1,000 to $1,500, respectively. TON is expected to trade within the range of $10 to $26, while the forecasted price of CTXC is set at $0.64 to $1. No specific factors that could drive these tokens for a significant rally were highlighted by Ben.
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Tolu Zach is a multifaceted professional with expertise in both crypto content creation and medical laboratory technology. With a unique blend of analytical skills and industry knowledge, Tolu navigates the complexities of cryptocurrency while maintaining a pivotal role in healthcare. Trusted for insightful analysis and accurate diagnostics, Tolu excels in diverse fields.
