A pseudonymous crypto analyst, known as Borovik on X, has released a bold set of three-month predictions for some of the largest cryptocurrencies by market capitalization.ย
Taking to the social media platform X, the analyst released a list of projected prices for Bitcoin (BTC), XRP, Dogecoin (DOGE), and other top-ranking cryptocurrencies Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). The predictions show a strongly bullish stance for the coming quarter, though they also keep the current market cap rankings intact among these cryptocurrencies.
Very Bullish Predictions For Bitcoin, XRP, And Dogecoin
Borovikโs predictions are based on an ultra-bullish outlook for the crypto market that places these cryptocurrencies at top prices before the end of the year. However, the analystโs prediction doesnโt envision any dramatic overtake among these cryptocurrencies in market cap rankings.
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Unsurprisingly, Bitcoin is the centerpiece of the analystโs outlook. According to Borovik, Bitcoinโs price could climb to $194,846.63 within the next three months. Thatโs an enormous jump from its current spot level around $117,000, representing more than 66% upside. Such a price would lift Bitcoinโs already commanding market capitalization well beyond its current $2.3 trillion to about $3.88 trillion and increase its dominance over the rest of the market.ย
The forecast is equally bullish for XRP and Dogecoin. Borovik set XRPโs three-month target at $5.056 and a market cap of $302 billion. Considering XRP is currently priced around $3.04, this prediction suggests a 66% rally that would see the cryptocurrency trading at new all-time highs.
Dogecoinโs target of $0.4465 is no less remarkable, although the analyst doesnโt see it breaking into new all-time highs. The meme coin king is trading around $0.275 today, so the forecast translates to an increase of about 62%. That would drive Dogecoinโs valuation well above $67 billion.
Ethereum, BNB, And Solana Complete The Bullish Picture
According to the analyst, Ethereum, Solana, and BNB are also expected to rise to new all-time highs before the end of the year. Particularly, the prediction places the Ethereum price at $7,537.60 within the next three months and puts its market cap bordering the trillion-dollar mark at $910 billion. However, the analystโs projection does not suggest ETH is anywhere close to challenging Bitcoinโs dominance.
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BNB, which recently made a new all-time high of $1,004 on September 18, was predicted to continue its upward trajectory in the next three months to reach $1,603.05.ย
Solana is one of the standout performers of the past year, and it isnโt surprising that the analyst gave it a three-month target of $392.98. At the time of writing, SOL is trading at $244, and so this prediction implies a gain of roughly 61%.
The analystโs forecasts show an average increase in the range of 60% to 66% for cryptocurrencies across the board before the end of the year.
Featured image from iStock, chart from Tradingview.com
