Predictions from seasoned traders and analysts have often formed the basis for investors’ sentiment. With years of experience, these crypto traders have eagle eyes, leading to many accurate predictions. A veteran trader known as Bob Lukas made a bullish forecast for Bitcoin, predicting a BTC rally to $74,000. Recently, he has revealed three altcoins–Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP)–the next big plays primed for 10x returns by June.
Trader Predicts Bitcoin Rally to $74,000
In January, Bob Lukas, a renowned trader who commands a substantial following on social media platforms like Twitter and YouTube, garnered attention for his bold predictions. Lukas’ prediction centers around the cyclical nature of Bitcoin price movements, particularly concerning the four-year halving cycles. With the recent halving in April 2024, Lukas foretold a surge in Bitcoin price, potentially reaching $74,000 by 2025. However, Bitcoin outperformed his predictions, hitting the $74,000 mark in March. Recently, he revealed three altcoins primed for 10x growth in June, which sparked high possibilities for investors.
Solana (SOL)
Among Lukas’ picks for the next big play is Solana (SOL), which has caught the attention of investors and analysts alike due to its high throughput and low transaction fees. Currently the fifth cryptocurrency according to market capitalization, Solana is one of the fastest-growing cryptocurrencies, with SOL witnessing a 450% surge since the beginning of the year. Although it’s currently marking a 20% dip in the past seven days, Solana has demonstrated resilience, attracting significant inflows of investment. Solana transaction volume has also surged, becoming the second largest Blockchain by transaction volume, further solidifying its position as a significant player in the cryptocurrency market.The trader believes that although SOL had an unsteady run in April following the network congestion issue, it will witness gains in May, leading to a 10x price rally in June. The trader believes that the rise of meme coins within the Solana ecosystem is a major bullish factor for Solana. With meme coins like Book of Meme (BOME), Hump (HUMP), Dogwifhat (WIF), and Bonk (BONK) witnessing gigantic gains, he predicts that further interest from developers, propelling Solana to 10x upsurge in July.
Shiba Inu (SHIB)
Shiba Inu (SHIB), a meme coin inspired by the popular dog breed, has had a good year. Despite a recent price dip of 19% following the overall market downturn, the trader predicts a bull rally in June. He supports the bullish prediction of top analyst Ali Martinez, who identified a potential bull flag formation on the daily chart, formed by a consolidation between price spikes.With Shiba Inu’s high potential for a bullish reversal soon, SHIB will recover and position itself for a steep upward trend to gain 10x in June. Shiba Inu showcases its high profitability as over 16% of the total active addresses are still recording gains amidst the market correction. According to the trader, the token burn mechanism has sped up Shiba Inu’s bullish momentum. While millions of tokens have been burnt, the immediate effect is minimal. However, Lukas believes that before June, its impact will be felt, driving SHIB value several notches higher. With the hard fork event on Shibarium just a day away, anticipation is high, as this is meant to positively impact SHIB value.
Hump (HUMP)
The Solana Blockchain has become home to successful meme coins, and its speed and scalability contribute to their success. One such popular meme coin is Hump (HUMP), and the trader was identified as an over-performer in June. Inspired by a cute pet’s face, Hump (HUMP) stands out for its innovative features as it offers investors a unique value proposition, including zero transaction taxes and a focus on inclusivity. Following its introduction in March, HUMP saw its value skyrocket by a staggering 5000%. Hump resounding growth underscores a high investor confidence in the coin. HUMP’s total supply is capped at 6.9 billion, a strategic figure that balances accessibility and scarcity, protecting the token from price declines caused by inflation. This trader believes Hump is poised for more gains before June, potentially recording a 10x increase. With HUMP purchase facilitated by major decentralized exchanges (DEX) like Raydium and Jupiter and a simple purchase process where investors can swap SOL for HUMP, it is currently building a bullish foundation.The meme coin has already been listed on CoinMarketCap and CoinGecko, and plans are underway ahead of its listing on notable centralized exchanges (CEXs). The trader foretells gigantic returns for investors, with HUMP following BONK and WIF trail and even surpassing them.
Investing for 10X Gains in June 2024
Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP) are three altcoins that a veteran trader, Lukas has identified as showing high potential for a 10x rally in June 2024. Solana’s exceptional growth this year and its reputation as a thriving ecosystem lays the foundation for its rally potential, while the Shiba Inu burn mechanism is set to yield results before June. Hump, a new meme coin, has garnered attention with its whopping 5000% uptick since its introduction. With its listing coming up on centralized exchanges and enthusiasm given its unique utility, Hump may gain 10x in June or earlier.
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