The altcoin market is currently under pressure caused by the recent Bitcoin crash. The prices of Ethereum, Dogecoin, BNB, and Cardano have fallen significantly and are trading in the red.
Bitcoin has lost 9% of its value in the recent price decline. However, experts are saying that Bitcoin appears to be mimicking the 2020 bull market.
As analysts continue to issue positive price predictions for BTC, the altcoin market is also expected to regain some of its lost benefits with BTC’s surge in momentum, stabilizing investors’ portfolios in the right direction. There is. For Ethereum, Dogecoin, and ADA holders, we explain how this weekend will help altcoins move towards a stable price benchmark.
Also read: Ethereum price prediction after ETF launch: Is ETH aiming for $3,500?
Weekend altcoin price prediction
#1 Cardano
While Cardano is still experiencing a massive market contraction, ADA’s incredible popularity remains unfazed by the current market stance. The token eventually picks up pace and enters the bullish zone as it smells continued bullish sentiment.
coin codex predicts that ADA will fall further to $0.41 by May 4, before picking up the pace by the end of May 20, 2024.
“According to our current Cardano price forecast, Cardano price may increase by 4.63% and reach $0.465062 by June 1, 2024. According to our technical indicators, the current sentiment is bearish. However, the fear and greed index is 43 (fear).” Cardano recorded a green day of 12/30 (40%) and the price volatility over the past 30 days was 11.28%. ”
#2: Binance Coin or BNB
BNB has suffered an onslaught with the arrest of former CEO Zhao Changpeng, further slowing BNB’s momentum. As the market repairs and recovers, BNB may experience slight price fluctuations, but it is predicted to reach a significant price by the end of May 2024.
around coin codex, BNB could rise 1% and trade at $563 by May 7th. However, the token could soar 24% and trade at $687 by the end of May 2024.
“According to our current Binance Coin price prediction, Binance Coin price could rise by 24.28% and reach $687.63 by June 1, 2024.According to our technical indicators, the current Sentiment is Bearish while the Fear and Greed Index is reading 43 (Fear). Binance Coin recorded 15/30 (50%) green days in the past 30 days with a price volatility of 3.66%. Did.”
#3 Dogecoin
Dogecoin, the dog-inspired meme token, has always captivated the crypto industry by defying the norm and rising rapidly. Dogecoin has always predicted steady price increases and should recover the lost pace once the market correction is resolved.
according to coin codex, Dogecoin may surge 0.38% and trade at $0.126140 by May 4th. This token could trade at a whopping $0.53 by the end of 2024, making it a profitable investment vehicle to hold and trade for the long term.
“Dogecoin may trade within the range of $0.107249 to $0.533978. If the upper target price is reached, DOGE could rise by 316.02% and reach $0.533978.”
Also read: Cardano: How high can ADA trade this May?
#4 Ethereum
Despite being under heavy authoritarian scrutiny, Ethereum is faring well in the current bull market scenario. Ethereum ETF talk is accelerating, and May could be a game-changing month for the token’s overall price trajectory.
according to coin codexEthereum could see a 1.48% spike and trade at $2,942 by May 4th.
The token could rise by just 3% and trade at $3,010 by the end of May 2024.
“According to our current Ethereum price forecast, Ethereum price could increase by 3.08% and reach $3,010.34 by June 1, 2024. According to our technical indicators, the current sentiment is Although we are bearish, the Fear & Greed Index shows 43.” Ethereum recorded 16/30 (53%) green days with a price volatility of 5.31% in the past 30 days. ”
