Bitcoin (BTC) Price Predicted to Hit $100,000 in a Few Years, But Altcoins May Struggle to Regain Momentum

A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs.

A crypto analyst has shared his pessimism regarding the potential for altcoins to follow Bitcoin (BTC) in surging to new highs. While expressing optimism for Bitcoin to trade at $100,000 in the coming years, the analyst predicts a contrasting fate for altcoins.

DonAlt Predicts $100,000 Bitcoin, Skeptical Of Altcoins

In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ shared his thoughts on the future of Bitcoin and altcoins. DonAlt, who is known for his market analysis and commentary, expressed greater pessimism towards altcoins compared to BTC, the world’s largest cryptocurrency.

DonAlt believes that Bitcoin could witness a mega rally, pushing its price to trade at $100,000 in the coming years. This prediction aligns with numerous forecasts of an upcoming bull run, considering the large inflows into Spot Bitcoin ETFs.

Standard Chartered has projected a price increase to $250,000, while Bernstein analysts anticipate a surge to $200,000 for Bitcoin. However, altcoins have been significantly underperforming due to broader market trends and bearish sentiment.

DonAlt predicts that as a result of these price disparities, many altcoins will trade 90% lower than their current valuations in the future, with Bitcoin dominating the crypto market.

Another crypto community member shared a similar sentiment, highlighting thatを除く meme coins and a few random altcoins, many cryptocurrencies have failed to outpe m bitcoin in this current market cycle. They revealed that all the altcoins which previously witnessed gains on par with Bitcoin have declined significantly, while BTC has remained slightly below its previous all-time high.

Furthermore, a few community members expressed concern regarding whether Ethereum (ETH) and Solana (SOL) were among the altcoins predicted to decline as Bitcoin price increases. This is because, despite slight declines and market volatility, Ethereum and Solana have witnessed massive gains since the beginning of the year.

Solana, in particular, surged significantly following the launch of a Spot Solana ETF filing, whereas Ethereum has been subtly following Bitcoin’s price movements, surging upwards during favorable market conditions and declining severely amidst volatility.

Are Altcoins Doomed To Decline As Bitcoin Rises?

A crypto analyst known as ‘Doctor Profit’ on X has released a detailed report on altcoins for the third quarter (Q3) of 2024. In the analysis, the analyst predicts a massive pump for altcoins following the announcement of the official launch date for Ethereum Spot ETFs.

According to the analysis, this implies that altcoins could potentially exit bearish trends and align with Bitcoin’s bullish trajectory if it witnesses a price reversal.

The analyst’s optimism stems from the recent decline in altcoins, which he believes presents a great buying opportunity for investors. He asserts that the altcoin market’s recent 35% downturn is a healthy correction that potentially signals a surge to new highs as market conditions stabilize.

Furthermore, the crypto expert has predicted a new valuation target for the altcoin market, anticipating its market capitalization to exceed $1 trillion by the end of the year.