Market analysts have confirmed that the crypto market has officially entered a bullish phase. Shiba Inu, Polygon, and Bitcoin Spark gained some attention in the recent market rally. As we enter deep into the bull phase, let us consider the top price predictions analysts have made about these three altcoins.
Popular Bitcoin Investor Endorses Shiba Inu, Analyst Predicts Price Rise
Davinci Jeremie was an investor who bought Bitcoin when it was still priced at $1. Now popular within the crypto space, Jeremie has endorsed the Shiba Inu coin, SHIB. Jeremie advised that investors focus on Shiba Inu.
Shiba Inu has been undergoing a transformation that will see it leave its meme coin tag behind. As this transformation happens, the panel of analsysts has predicted that the Shiba Inu price could delete its fifth zero within two years. They believe SHIB is a top crypto to buy.
The analysts predicted a 600% price increase for Shiba Inu. Unlike its previous massive growth, this Shiba Inu price prediction suggests that SHIB could slowly gain momentum. By 2025, they predicted that the price of Shiba Inu could reach $0.00004930.
Polygon 2.0 Rebrand To Fuel Rally To $1
The Polygon coin, MATIC, has not enjoyed the best price-performance in 2023. Year-to-date (YTD), the Polygon price movement has been bearish, decreasing by 17.3%. To put this in perspective, the price of Bitcoin has increased by more than 100% YTD.
However, the price predictions for the Polygon network suggest a turnaround of fortunes. Many analysts remain bullish about MATIC because of the Polygon 2.0 rebrand. Polygon has already launched the POL token as part of the rebranding process.
As Polygon Labs improves the network, Telagon has predicted that the price of MATIC could rise above $1. As the launch continues, the Polygon price prediction suggests that MATIC could increase in price. This makes Polygon one of the best crypto to buy now.
Bitcoin Spark (BTCS) To Benefit From the ETF Approval
Bitcoin Spark has emerged as one of the best crypto to invest in because of its links to Bitcoin. However, this project is unlike other Bitcoin forks. Bitcoin Spark has introduced major upgrades that have limited the adoption of the original Bitcoin network.
One major upgrade is the introduction of smart contract functionality. With this, the Bitcoin Spark network supports the creation and deployment of decentralized applications (dApps). In addition, developers can also establish decentralized organizations on the network.
Another important upgrade is the consensus mechanism. While Bitcoin has operated on the high-energy Proof-of-Work, Bitcoin Spark has introduced a more efficient Proof-of-Process. With this, Bitcoin Spark supports more efficient mining with smart devices.
Crypto analysts have agreed that Bitcoin Spark has what it takes to be the upgrade of Bitcoin. In addition, the token has been projected to benefit from the upcoming ETF approval. Investors have a chance to catch this growth as BTCS is in the ICO Phase VIII and trades at $3.25 per token.
Find out more about the Bitcoin Spark ICO below:
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