The altcoin market is currently reeling under pressure triggered by the latest Bitcoin crash. The prices of Ethereum, Dogecoin, BNB, and Cardano are down significantly, trading in red.
Bitcoin has lost 9% of its valuation in its recent price dip; however, with experts weighing in, it seems that Bitcoin is mimicking its 2020 bull run stance.
As analysts pour in positive price predictions for BTC, the altcoin market is also expected to recover some of its lost graces alongside BTC’s momentum surge, stabilizing investors’ portfolios to the right. For Ethereum, Dogecoin, and ADA holders, here’s how this weekend will help altcoins seek stable price thresholds.
Also Read: Ethereum Price Prediction Post ETF Launch: Is ETH Eyeing $3,500?
Weekend Altcoin Price Predictions
#1 Cardano
While Cardano is still experiencing a massive market crunch, ADA’s striking popularity remains unfazed by the current market stance. The token will eventually pick up pace, entering a bullish zone once it catches the whiff of ongoing bullish sentiments.
CoinCodex predicts ADA to further drop to $0.41 by May 4 and later pick up the pace by the end of May 20, 2024.
“According to our current Cardano price prediction, the price of Cardano may rise by 4.63% and reach $0.465062 by June 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 43 (fear). Cardano recorded 12/30 (40%) green days with 11.28% price volatility over the last 30 days.”
#2: Binance Coin or BNB
BNB is suffering the onslaught of its former CEO Changpeng Zhao’s arrest, which is slowing BNB’s momentum down a notch. While BNB may encounter slight price fluctuations as the market repairs and heals, it’s predicted to hit big by the end of May 2024.
Per CoinCodex, BNB may rise by 1% by May 7, trading at $563. However, the token might surge a whopping 24% to trade at $687 by the end of May 2024.
“According to our current Binance Coin price prediction, the price of Binance Coin may rise by 24.28% and reach $687.63 by June 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 43 (fear). Binance Coin recorded 15/30 (50%) green days with 3.66% price volatility over the last 30 days.”
#3 Dogecoin
The dog-inspired meme token Dogecoin has always fascinated the crypto vertical by rising rapidly against the norm. Dogecoin has always projected a stable price ascent and is bound to recover its lost pace once the market correction dissipates.
According to CoinCodex, Dogecoin may spike by 0.38% by May 4 to trade at $0.126140. The token may trade at a whopping $0.53 by the end of 2024, making it a lucrative long-term investment instrument to hold and trade with.
“Dogecoin may trade within a range of $ 0.107249 and $ 0.533978. If it reaches the upper price target, DOGE could increase by 316.02% and reach $0.533978.”
Also Read: Cardano: How High Can ADA Trade This May?
#4 Ethereum
Despite being under strict authoritarian scrutiny, Ethereum is faring well in the current bull market scenario. With talks of Ethereum ETFs catching pace, the month of May can be a game changer for the token’s entire price trajectory.
According to CoinCodex, Ethereum may note a surge of 1.48% by May 4, trading at $2,942.
The token may rise by a modest 3% by the end of May 2024, exchanging hands at $3,010.
“According to our current Ethereum price prediction, the price of Ethereum may rise by 3.08% and reach $3,010.34 by June 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 43 (fear). Ethereum recorded 16/30 (53%) green days with 5.31% price volatility over the last 30 days.”