It's been an eventful week in the world of cryptocurrencies. Analysts predict a possible rise in Dogecoin value as Bitcoin continues to rally, thanks to growing interest in Bitcoin spot ETFs. Additionally, BlackRock is hopeful about the approval of its Bitcoin ETF. Let's delve into the details.
Dogecoin is predicted to skyrocket
A pseudonymous crypto analyst has made a bold prediction about the future of Dogecoin. The analyst predicts a rally of more than 140% by the end of 2023, a significant increase for the popular cryptocurrency. DOGE has already seen a 6% rally and is currently trading at $0.071. โRead the full article here.โ
Short-term rise for Dogecoin?
Meanwhile, another pseudonymous crypto analyst, Kaleo, sees a near-term rise for Dogecoin DOGE/USD. Kaleo predicts a 170% rise to $0.20 levels in the coming weeks. He anticipates DOGE to reach a range of 9 to 10 cents, followed by consolidation, before possibly rising to around 15 cents. โRead the full article here.โ
See also: Ethereum Outshines Bitcoin Amid BlackRock Spot ETF Rumors; Dogecoin in red
Bitcoin rally on the horizon?
as for bitcoin (CRYPT: BTC), the price is rising, surpassing $35,000, driven by growing interest in Bitcoin spot ETFs and anticipation of the next halving in 2024. Gracy Chen, CEO of Bitget, weighed in on the future of Bitcoin before the future of digital assets. event. โRead the full article here.โ
BlackRock Bitcoin ETF Optimism
Black Rock BLACK, the world's largest asset manager, is optimistic about the US Securities and Exchange Commission (SEC) approving its Bitcoin spot ETF application by January 2024. This could potentially channel $200 billion of dollars into the Bitcoin markets, potentially driving the price of Bitcoin to $330,000. โRead the full article here.โ
Ethereum and Altcoins on the rise
Popular crypto analyst Kaleo has predicted a potential rise in the value of Ethereum ETH/USD and three other altcoins in its ecosystem. Ethereum is about to break its diagonal resistance at $1,900 and could potentially rise to around $2,100. โRead the full article here.โ
Bitcoin ETFs. Photo by 24K-Production on Shutterstock
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