With Bitcoin stabilizing at $61,000 recently, many crypto analysts are pushing new predictions, claiming that BTC could soon hit a peak of $75,000.
Amid this, financial giant Standard Chartered Bank has come out with a new prediction that BTC could soon regain momentum and surpass the $100,000 mark by August. As the US election campaign gathers pace, the possibility of Trump winning the election could also change the pace for Bitcoin and help it hit the $100,000 mark sooner.
That being said, as Bitcoin surges to new levels, it also tends to bring new market momentum to several altcoins. Here are our top three recommended cryptocurrencies for investors to consider before Bitcoin surges to $75,000.
Also read: Cryptocurrency: 3 Bullish Meme Coins for July to Pile on for Maximum Gains
Trending Coins to Buy Now
Cryptocurrency #1: Ethereum
The Ethereum ecosystem is also on the cusp of a flurry of new development plans. Starting with the Ethereum ETF, the ETH ecosystem is expected to grow significantly as a large amount of funds will flow in after the approval of the ETH ETF. At the same time, a Bitcoin surge usually bodes well for Ethereum, helping the token gain a new price, its ATH.
According to CoinCodex, Ethereum is on the verge of establishing a new price ATH soon, and according to CC, ETH could rise by 64% by the end of the year and reach a price level of $6,600.
“Ethereum is expected to trade within the range of $3,374.69 to $5,500.16. If the upper price objective is reached, ETH could rise by 64.02% to $5,500.16.”
Cryptocurrency #2: Shiba Inu
Another hot cryptocurrency, Shiba Inu is another promising coin that could skyrocket as soon as Bitcoin gains stable market momentum. The SHIB ecosystem is expanding significantly and is busy launching the Shiba Eternity Blockchain game. At the same time, the token will soon become part of the Coinbase ecosystem. The exchange is preparing to launch SHIB Futures, which will allow SHIB to gain maximum traction when Bitcoin hits $75,000.
According to CoinCodex, the token could hit a new ATH by the end of this year (2024).
“Shiba Inu is forecast to trade within the range of $0.00001458 to $0.00003832. If the upper price target is reached, SHIB could rise by 127.71% to $0.00003832.”
Cryptocurrency #3: XRP
Despite Ripple being embroiled in a bitter lawsuit with the U.S. Securities and Exchange Commission, the company’s ambitions to establish global dominance seem unstoppable. XRP is set to launch a stablecoin soon, and rumors of an ETF are also gaining momentum.
While an ETF may be difficult for Ripple to achieve, XRP is undoubtedly one of the most talked about coins and one that stands to benefit most if Bitcoin hits new, stable highs.
Related article: Ripple CEO: “Launching an XRP ETF is a wise decision”
According to CoinCodex, XRP has surged nearly 207% and may soon hit a new ATH.
“XRP is projected to trade within the range of $0.305006 to $1.489184. If the upper price objective is reached, XRP could rise by 207.95% and reach $1.489184.”
