Altcoins May Not Explode, But Bitcoin Could Hit $100K, Analyst Says

IconCryptoNewsTerminal Staff29 Aug, 2024

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Altcoins May Not Explode, But Bitcoin Could Hit $100K, Analyst Says

Altcoins Unlikely to Soar Like Before, Analyst Warns A respected crypto analyst known as Altcoin Sherpa believes that altcoins, or cryptocurrencies other than Bitcoin (BTC), are unlikely to experience the same explosive growth they did earlier this year. Bitcoin's Potential Remains While altcoin growth may be limited, the analyst maintains that Bitcoin has the potential to reach $100,000 within a few months. He emphasizes that the bull cycle is still ongoing and that some altcoins may still achieve new highs, but their specific trajectories remain uncertain.