Several crypto analysts have highlighted the start of the fifth major crypto bull market. BNB, Ripple, and Bitcoin Spark have shown remarkable promise in the previous months. However, as we enter a season of flourish, how high do analysts expect these altcoins to go?
BNB prepared for price surge
Matrixport has confirmed the start of a new bull cycle along with other top analysis firms. BNB has struggled in 2023 as regulatory issues on its parent Binance exchange mount. However, in the recent rally, the BNB coin performed well, overcoming the $220 resistance.
As a result, the price forecasts for BNB are overwhelmingly bullish. In the short term, the analysts at FXStreet have predicted a 15% upswing for BNB. This price movement will see the BNB coin price overcome the $250 resistance in the coming days.
In the long term, the BNB price prediction hints at a possible retest of old highs. However, BNB must overcome the $300 and $350 resistance levels. In the next bull market, the BINB price forecast suggests a rally above $500 for the altcoin. This makes BNB a top crypto to buy and hold.
SEC lawsuit tilted in Ripple’s favor. How high can XRP go?
The Ripple vs SEC lawsuit, which has lasted almost three years, is ending. The SEC recently dropped all charges against the company’s executives in the Ripple lawsuit. Industry experts then favored Ripple to come out on top.
John Deaton, a lawyer representing Ripple (XRP) holders, recently revealed there were no talks of a settlement between both parties. However, Deaton noted that the SEC is feeling “pissed and embarrassed” and now seeks a $770 million recompense.
As the favorites to win the case, there are bullish predictions for the Ripple coin, XRP. Analysts have predicted a first break above $1 for XRP. However, many Ripple price predictions have hinted at a possible all-time high for XRP above $3. As such, it has been ranked as one of the best crypto to buy now.
How high can Bitcoin Spark go?
Bitcoin Spark is a new hard fork of Bitcoin that has caught the attention of investors recently. The project has been highly rated because it solves some of Bitcoin’s shortcomings. One of which is the inclusion of smart contract functionality.
The aim is to make Bitcoin Spark more versatile as developers can create and deploy dApps on the network. Bitcoin Spark’s network will also boast faster transaction speeds than the Bitcoin network to make it more appealing to developers.
In addition, Bitcoin Spark has introduced an innovative Proof-of-Process (PoP) mechanism. Under PoP, miners rent out the computing power of their smart devices to secure the network. In return, they receive rewards in BTCS tokens. By reducing the barrier to mining, Bitcoin Spark aims to make securing its network more affordable and accessible.
These features have attracted bullish predictions for BTCS ahead of the next Bitcoin halving. There have been very bullish predictions for BTCS of up to 20x in the upcoming rally. However, investors can join early as the project is in stage 9 of its ICO, where BTCS trades at $3.50 per token.
Find out more about the Bitcoin Spark ICO below:-
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.