A pseudonymous crypto analyst known as Borovik on X has shared an ambitious set of three-month forecasts for some of the top cryptocurrencies by market capitalization.
On the social media platform X, the analyst revealed a list of expected prices for Bitcoin (BTC), XRP, Dogecoin (DOGE), as well as other leading cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). The predictions display a notably bullish outlook for the upcoming quarter, while maintaining the current market cap hierarchy among these cryptocurrencies.
Strongly Bullish Predictions For Bitcoin, XRP, And Dogecoin
Borovik’s forecasts are rooted in a highly optimistic perspective for the crypto market, projecting these cryptocurrencies to reach significant price levels before the year concludes. However, the analyst does not predict any drastic shifts in market cap standings among these cryptocurrencies.
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Predictably, Bitcoin is at the heart of the analyst’s outlook. Borovik estimates Bitcoin’s price could escalate to $194,846.63 in the next three months. This marks a substantial increase from its current level of around $117,000, indicating over 66% potential growth. Such a valuation would propel Bitcoin’s already dominant market cap from approximately $2.3 trillion to nearly $3.88 trillion, further consolidating its market dominance.
The projection is similarly optimistic for XRP and Dogecoin. Borovik has set a three-month target of $5.056 for XRP, equating to a market cap of $302 billion. Given XRP’s current price of approximately $3.04, this prediction suggests a 66% increase, leading to new all-time highs for the cryptocurrency.
Dogecoin’s target of $0.4465 is equally impressive, though the analyst does not foresee it reaching new all-time highs. Currently priced around $0.275, this forecast indicates a rise of about 62%, positioning Dogecoin’s valuation well above $67 billion.
Ethereum, BNB, And Solana Round Out The Bullish Forecast
The analyst posits that Ethereum, Solana, and BNB are also expected to achieve new all-time highs by year-end. Specifically, the prediction suggests Ethereum could reach $7,537.60 within three months, bringing its market cap close to the trillion-dollar mark at $910 billion. However, the forecast indicates ETH will not challenge Bitcoin’s supremacy.
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BNB, which recently achieved a new all-time high of $1,004 on September 18, is projected to continue rising to $1,603.05 within the next three months.
Solana has emerged as one of the top performers over the past year, warranting a three-month target of $392.98 from the analyst. Currently trading at $244, this forecast suggests a potential gain of about 61%.
The analyst’s projections indicate an average jump of about 60% to 66% across various cryptocurrencies before the end of the year.
Featured image from iStock, chart from Tradingview.com
