Co-founder of Blockfyre, a company dealing in cryptocurrency analysis, believes that another boom will start on the market, which will increase the price of bitcoin to 150 thousand. dollars.
In a tweet of June 4, Simon Dedic wrote that the increases will not cover the entire cryptocurrency market, but stronger altcoins, with an established market position, should also see significant price changes.
In 2017, you could have bought literally any alt and it was a good investment.
Imo this won’t happen again.
However, I still believe that the bull run will return, pumping the few solid alts out there.
– Simon Dedic (@scoinaldo) June 4, 2020
This time the bull market will be different than in 2017
The very rapid increase in the price of bitcoin to the new ATH – $ 20,000 in December 2017, was widely heard in the media. Media publicity, combined with increased interest in various ICOs and the then prevailing FOMO, prompted people to invest money in almost every existing project. They hoped that other cryptocurrencies would climb up along with bitcoin.
In 2017, almost every project actually recorded a significant increase in prices. Simon Dedic believes that this time there is nothing to count on this development. It predicts the bull market only on the bitcoin market and “pumping some solid altcoins”.
Simon Dedic forecasts – BTC, ETH, BNB, LINK, XTZ, VET
Simon Dedic also made some interesting price forecasts. According to him, bitcoin will increase by 1400% and reach 150 thousand. dollars.
The analyst also presented his forecast regarding Ethereum. According to Dedic, the ether will increase by 3750% and its price can be up to $ 9,000. The Binance coin, in turn, will cost $ 500, which would mean an increase of 2750% from the current price.
Dedic bodes even more bright future for cryptocurrencies such as Tezoz (XTZ) and Chainlink (LINK). He believes that they can cost up to $ 200, which would be an increase of 6800% and 4450% respectively.
However, the greatest potential, according to the co-founder of Blockfyre, lies in the VeChain cryptocurrency. According to his forecast, the price of this cryptocurrency may rise to a seemingly small amount, because only 1 dollar. However, given the current $ 0.007 price, this would mean a very large increase of 14 100%.
VeChain has partnered with suppliers of fresh meat in China to improve product identification, and Walmart’s Chinese subsidiary to monitor food products. Bayer China has become VeChain’s last big partner.