CrediBULL Crypto, a very popular pseudonymous crypto analyst, recently shared his insights into the future pricing of Bitcoin (BTC), Ethereum (ETH), and XRP. Let’s take a closer look at his highly bullish price predictions.
When queried about Ethereum’s peak in the current cycle, CrediBULL didn’t hesitate to forecast an ambitious target. “Ethereum could see a minimum of $10,000, with the potential to reach near $20,000,” he explained. This prediction is based on the premise that Bitcoin could realistically double from its last high of $69,000, setting a precedent for altcoins to achieve even greater multiples. Specifically, for Ethereum, a 3-4 times increase from its previous all-time high of approximately $4,878 could place its value between $15,000 and $20,000.
CrediBULL’s vision extends to a market where Ethereum’s market cap hits $2 trillion—a figure that seems staggering but is deemed plausible in the context of a blow-off top or bubble territory. “Remember, we are talking about blow-off top/bubble territory, so the market caps WILL look outrageous; if they don’t, then there is a problem,” he remarked humorously.
Further clarifying the dynamics between Bitcoin and altcoins, CrediBULL explained that these assets wouldn’t hit their all-time highs simultaneously. “Bitcoin blows off first; after its top, money rotates to alts,” he noted. This rotation suggests that Ethereum and other altcoins would peak after Bitcoin, with some of Bitcoin’s market capitalization flowing into these assets, thereby making the combined market cap calculations less straightforward than they might initially seem.
Perhaps the most eyebrow-raising of CrediBULL’s predictions involves XRP, a cryptocurrency that has seen its fair share of regulatory scrutiny. Despite this, CrediBULL posits that XRP could surpass $10, and potentially reach $20+, a prediction rooted in market cap equivalences rather than mere speculation. “A $10,000 Ethereum is equivalent to a $20+ XRP,” he clarified, correcting an earlier oversight regarding XRP’s fully diluted valuation. This comparison aims to challenge biases against XRP, highlighting its potential for significant growth.
At the time of writing, Bitcoin, Ethereum, and XRP are trading at $66,056, $3,343, and $0.5809, respectively. These figures set the stage for potentially dramatic ascents if CrediBULL’s predictions come to fruition. With Bitcoin’s all-time high at $73,737, Ethereum’s at $4,878, and XRP’s peak at $3.40, the road to CrediBULL’s targets is steep but, according to him, entirely within the realm of possibility.
A couple of days before these bullish predictions for BTC, ETH, and XRP, CrediBULL Crypto indicated that Bitcoin might experience a period of stability, with its price moving sideways for a short while. He observed that both buying and selling pressures were balancing each other out, preventing significant price moves either up or down. Additionally, he mentioned an increase in open interest—a sign that more traders are entering positions—which he believes could lead to a spike in price volatility once Bitcoin moves out of this stable phase. Essentially, CrediBULL Crypto is suggesting that while Bitcoin’s price might not show dramatic changes immediately, the growing interest and market activity hint at an upcoming period of more pronounced price movements, potentially breaking out of the current stability.
Featured Image via Pixabay
