It's been an eventful week in the world of cryptocurrencies. Analysts are predicting a potential surge in Dogecoin's value while Bitcoin continues to rally, thanks to increasing interest in Bitcoin Spot ETFs. Additionally, BlackRock is hopeful about the approval of its Bitcoin ETF. Let's dive into the details.
Dogecoin Predicted to Soar
A pseudonymous crypto analyst has made a bold prediction about the future of Dogecoin. The analyst foresees a rally of over 140% by the end of 2023, a significant surge for the popular cryptocurrency. DOGE has already seen a 6% rally, currently trading at $0.071. "Read the full article here."
Short-Term Surge for Dogecoin?
Meanwhile, another pseudonymous crypto analyst, Kaleo, sees a short-term surge for Dogecoin (CRYPTO: DOGE). Kaleo predicts a 170% surge to reach $0.20 levels in the coming weeks. He anticipates DOGE to reach a range of 9 to 10 cents, followed by consolidation, before possibly surging higher to around 15 cents. "Read the full article here."
See Also: Ethereum Outshines Bitcoin Amid BlackRock Spot ETF Buzz; Dogecoin In The Red
Bitcoin Rally on the Horizon?
As for Bitcoin (CRYPTO: BTC), the price is rallying, surpassing $35,000, driven by increasing interest in Bitcoin Spot ETFs and anticipation of the upcoming halving in 2024. Gracy Chen, Managing Director of Bitget, weighed in on the future of Bitcoin ahead of the Future Of Digital Assets event. "Read the full article here."
BlackRock's Bitcoin ETF Optimism
BlackRock (NYSE:BLK), the world's largest asset manager, is optimistic about the U.S. Securities and Exchange Commission (SEC) approving its spot Bitcoin ETF application by January 2024. This could potentially channel $200 billion into Bitcoin markets, potentially propelling Bitcoin's price to $330,000. "Read the full article here."
Ethereum and Altcoins on the Rise
Popular crypto analyst, Kaleo, has predicted a potential rise in the value of Ethereum (CRYPTO: ETH) and three other altcoins from its ecosystem. Ethereum is on the brink of breaking its diagonal resistance at $1,900, and could potentially climb to around $2,100. "Read the full article here."
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Bitcoin ETF. Photo by 24K-Production on Shutterstock
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