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Bitcoin continues to consolidate near $21,000 and sales are declining. This is an indicator that a bottom is likely to enter, followed by a steady rise over time before another blown peak at some point in the future. is. However, Bitcoin may not be the most ideal for those seeking mega gains in the next bull market.
Most analysts expect Bitcoin to peak at $100,000 in the next bull market. That’s about five times the current price. However, 5x is not a big deal in the crypto world, where bull markets usually yield 100x or more. To get that kind of profit it is best to start looking at cheap altcoins with explosive growth potential. You should consider one.
In 2021, the Shiba Inu (SHIB) has risen by over 40,000,000%, surprising everyone. But while it has since taken a hit, there is still a lot of potential for the Shiba Inu to do even bigger things in the next Bull Run, as the recently introduced Shiba Inu burning tool has removed large amounts of his SHIB from circulation. because
For context, over 300 million SHIB tokens have been taken out of circulation this week alone. Over time, this accelerated burn rate will help push prices higher. With this burning tool, we cannot rule out the possibility that SHIB will reach $0.1 at some point in the future.
XRP (XRP) did poorly in the last bull market, failing to retest its last high in 2017. That aside, XRP has proven to be one of the most resilient cryptocurrencies. Even with the SEC lawsuit against Ripple and the current crypto bear market, XRP still holds its value.
It’s also worth noting that whales appear to be accumulating in this cryptocurrency. Today Whale Alert posted that $20 million worth of XRP was transferred from an exchange to an unknown wallet. This could indicate that the big money investor is taking a longer-term approach to his XRP. Combine this with the fact that Ripple could win against his SEC, and it becomes clear that XRP could become a gemstone at its current price.
Cardano (ADA) is one of the top cryptocurrencies with high potential and is currently cheap. One of the things that makes Cardano stand out is its growing popularity among investors. For example, in the latest brand intimacy rankings, Cardano ranks higher than big names like his BMW and IKEA.
It also ranks higher than Bitcoin as it is the largest cryptocurrency on the market. This is a good indicator as if a bull market returns to the market, Cardano’s trading volume will skyrocket, which could have a positive impact on the price.
