As the crypto market comes back on track after a historic decline, deep-pocket investors are pitching in their two cents, speculating the upcoming bull and leading coins.
The self-proclaimed, viral “dogecoin millionaire”, Contessoto, who announced his DOGE wealth this April has made big claims about the foreseeable bull. He tweeted, predicting that Dogecoin, Ethereum, Bitcoin, Cardano, and XRP will become the “top five cryptocurrencies” in the “next 5 years.”. Furthermore, he shared his plans to buy ADA in bulk before the exceptional price hike commencement.
“I’m going to start buying up as much Cardano as humanely possible with every bit of money I start making from now on,” Contessoto told CNBC.
I believe in the next 5 years the Top 5 cryptocurrencies will be:
— SlumDOGE Millionaire (@ProTheDoge) August 26, 2021
Cardano’s ($ADA) Alonzo upgrade launch is around the corner, scheduled to happen on September 12. Charles Hoskinson, the chief of Cardano updated the community, asserting that the upgrade is going as expected and will soon see a green signal for the launch.
While Bitcoin recently dropped to $46,000, the community has shown unity and predicted the upcoming $50,000 hike. The fall has been discredited as a menial market correction that would not last. Meanwhile, BTC keeps rising, currently nearing $48,000. As Bitcoin gains traction to $50,000, market sentiment predicts the surge up to $60,000 in near future.
The ultimate altcoin, Ethereum (ETH) continues to hike and is trading above $3400 levels, with a weekly rise of 2.8%, at the time of reporting. CoinGape’s recent coverage displayed that ETH’s positive on-chain activity, with tripled miner balances in a month.
Dogecoin also appears to be gaining momentum with Tesla CEO, Musk’s regained support. For a long time, Musk was MIA from his consistent DOGE tweets, which gave rise to speculations about Musk pulling back from the DOGE community. However, his latest reply on Twitter about the upcoming DOGE upgrade has gained considerable attention. Musk has stated the upcoming upgrade will mark as an “Important” move in the crypto market for DOGE. Furthermore, DOGE NFTs are also enjoying the multi-million-dollar status, making Dogecoin dominant in the NFT market.
With the ongoing XRP Lawsuit, the coin remains stagnant. However, XRP price has experienced a steady hike in a month, from $0.50 to $1.12, at the time of reporting. Experts predict a foreseeable bull, while the continued bear comes to a halt.