It's been quite a while since I had one of these interactive #askleo posts of mine. After seeing the lack of engagement on my current posts, I thought I should have an #askleo post today just to save myself from falling into oblivion.
So, it seems we're in a bull market. The crypto market entered this phase sometime in mid-January this year when BTC decided $17k was no longer a fun place to be in. BTC is currently changing hands for $28k per coin, and believe it or not, there are plenty of crypto folks who still believe this is a bull trap. The only ones that will get trapped out of juicy profits in the next couple of years are going to be the bears, though.
Question: Have you ever eaten bear steak? Neither have I :), but believe me, I can't wait to try it. I missed such a feast the past two cycles, but I'm not gonna skip it this time.
Before jumping into throwing peak targets for some cryptocurrencies that most of us are interested in, let's keep in mind that in every bull cycle so far, Bitcoin has peaked one and a half years after the halving. This makes me think it could do the same this time as well. Alts don't necessarily respect that pattern, but BTC is quite mathematical about it. A fact that puts the next peak for BTC sometime in Q3 of 2025, considering that the next halving shall occur sometime in April 2024.
We might have a surprise and see that the peak in Bitcoin happens sooner, and frankly, I'm open to that. But if traditions are to be respected, then October 2025 will probably mark the next Bitcoin peak.
So, how high will the bull fly? I picked BTC, ETH, HIVE, LEO, and DOGE for my bull market peak price predictions for this post. According to my intuition, BTC will peak at something around $100k, ETH probably at around $10k, HIVE will for sure hit $5, and LEO will conquer back $1.
I'm conservative with my targets because the exponential gains we once used to have during bull markets seem to be trimming down with every cycle. That does not mean we won't have new ATHs this cycle, especially for the projects that have a use case.
But what use case does DOGE have, some might ask? Well, ask Elon Musk, as he seems to be the only fuel source for DOGE's latest rallies. Despite these exponential gains getting trimmed down with every cycle, there's still a lot of money to be made for anyone who bought crypto near the bottom of the bear market and is able to DCA dump his/her bags all the way up to the top.
What do you think? How high will the bull fly in this bull market? Feel free to share your targets for any crypto other than the ones mentioned in this post.
Thanks for your attention,
Adrian
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I'm hoping that MONK (Monkeycoin) flies high again during the next bull, as I sold out most of my investment at 77 sats last time. This time I'm looking for at least 500 sats, maybe even 1200...
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It's the first time I hear about MONK. Good luck with that!
Thanks, it's an older project that trades on my favorite centralized exchange :) ...
!PIZZA !ALIVE !LOL
which exchange?
https://stakecube.net/?team=Oldschoool
I love it because I can get staking rewards, even on coins with active sell orders. And it's been in business for years, weathering two emergencies so far that would have killed an exchange with a weaker team and community.
!PIZZA !ALIVE !LOL
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Credit: reddit
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I do agree that you're a bit conservative with your predictions and the reason why is very valid. I can see Hive flying $7 to $10 in the peak of the bull market while Bitcoin touching 200K.
Hive to $7 or $10 will be a very great one, a massive record breaking one too, cause it highest as being around $2 to $3, though nothing is impossible too
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Exciting times indeed.
Indeed. It could 3x its previous ATH. I think it's a possibility.
I wouldn't mind being wrong on my predictions.
It's great to see you taking the initiative to engage your audience with an #askleo post, and it's even better to see you sharing your insights about the ongoing bull market. Your predictions about BTC, ETH, HIVE, LEO, and DOGE are well-thought-out and backed by logical reasoning. It takes a lot of courage to make predictions, and we appreciate your efforts. Keep up the good work, and we look forward to reading more of your posts.
!ALIVE
Thanks. What are your predictions for this bull cycle?
Seem like it started but no one will ever know. We are getting higher highs.
But people talking about a recession so who really knows.
Bitcoin will do its thing whether it is going to be a recession or not.
@acesontop! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @old-man-chu58. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
