In a new analysis, a crypto expert names five altcoins that he believes could properly withdraw in the third quarter of 2021.
Does ADA go up to $ 5?
While the Bitcoin bulls are currently moving the number 1 cryptocurrency bit by bit towards an all-time high, a popular crypto analyst expects the big gains in the next few months on completely different coins. But what are these – and what are the forecasts for this?
“Guy”, the moderator of the Youtube channel” Coin Bureau ” specializing in cryptocurrencies, expects parabolic price trends for five specific cryptocurrencies in the third quarter of 2021. Number 1 on its list: Ethereum.
He goes by the second-place cryptocurrency by market capitalization for various reasons from a strong increase aus: In addition to the large institutional demand and the just completed EIP-1559 update, which already brought Ethereum to prices beyond the $ 3,000 mark, Guy also mentions the option of an Ethereum-based exchange-traded fund (ETF), for example. Its Ethereum forecast until the end of 2021:
“I think you can easily make the argument for a $ 6,000 to $ 7,000 ETH by the end of the year.“
Also bullish is Guy on Ethereum competitor Cardano (ADA). His ADA price forecast has it all. True, the upside potential of Cardano (to buy from eToro or Libertex) is limited due to its large market capitalization, according to the analyst. For this, Cardano has “much more room for growth than Ethereum” – and for various reasons. Guy:
“First of all, ADA has maintained its upward momentum against all odds. [Der Coin] has held up well despite the recent downturn and is still in a very clear uptrend. This is because the best days of Cardano are still ahead of him.“
Bullish Cardano Forecast
His ADA forecast: 4 to 5 dollars! According to Guy, “Project Catalyst”could support the course of prices. These are a number of community-funded projects in the Cardano ecosystem. The analyst believes 100-fold returns are possible here – with corresponding consequences for ADA:
“This profit potential could attract a record number of retail investors and users, and I could imagine that this would put ADA in the $ 4 to $ 5 range.“
Great opportunities for a Course Explosion Guy also looks at Solana (SOL, buy at eToro or Libertex). Like ADA, SOL has been surprisingly resilient in the recent market downturn, the analyst said. Solana is also “seriously significant” because it is the only cryptocurrency capable of processing similar numbers of transactions as large payment processors (Visa or Mastercard). Also mentioned is Solana’s record funding of half a billion dollars in just a few months. In this respect, Solana’s prize is still “aimed at the moon”.
Top Coin number 4: Polygon (MATIC)
The next top coin in Guy’s list is the Layer 2 scaling solutionpolygon (MATIC). MATIC is one of the few cryptocurrencies he regrets not buying earlier. Polygon is the top scaling solution for Ethereum, fast, cheap and compatible with everything that makes Ethereum. He expects an increase on up to 5 dollar basis: the rapidly growing number of users. For comparison: Currently (time of this article) MATIC is trading at $ 1.40. Guy:
“Polygon’s mass adoption could easily push the price to a new all-time high by the end of 2021. 5 Dollars is a realistic estimate in my opinion.“
Let’s get to the last and smallest cryptocurrency on Guy’s list: the blockchain network Terra (LUNA, to buy from eToro or Libertex). Terra is a blockchain protocol that uses fiat-bound stablecoins to operate price-stable global payment systems. Although the coin is not yet “battle-tested”. Nevertheless, Guy at Terra, currently at $ 17,29, predicts an increase to $ 100 by the end of the year.
“Call me crazy, but I could well imagine LUNA reaching the $ 100 mark by the end of the year if acceptance and innovation continues.“
You can check out his entire top 5 coin analysis here.