Cryptocurrency analyst Ran Neuner, speaking through the Crypto Banter channel, suggested that an altcoin season may be on the horizon in the upcoming weeks. He noted that Bitcoin
$63,438 had its most successful September performance ever, achieving gains close to double digits last month. Neuner believes this sets the stage for a substantial increase in Bitcoin during the last quarter of 2024.
**Contents**
– Bitcoin’s Performance
– Future Expectations
**Bitcoin’s Performance**
Neuner pointed out that a key factor behind Bitcoin’s unexpectedly strong September results was its excellent performance in the Chinese market. In the past week, a major exchange in China experienced a nearly 20% rise. Given the significant role of China’s economy in the cryptocurrency landscape, the crypto-friendly initiatives in Hong Kong, along with the government’s assessment of Bitcoin ETFs, could lead to a considerable influx of capital.
He also mentioned that Bitcoin’s upward movement is likely to benefit the altcoin market as well. Neuner predicted notable price actions for altcoins including XRP, Solana
$154, Near, and Injective. He specifically highlighted XRP Coin’s ambition, noting that it has broken free from its long-term downward trend and could embark on an upward trajectory if market conditions remain favorable.
**Future Expectations**
Neuner expressed optimism that the last quarter of 2024 might bring exciting prospects for Bitcoin, with the potential for a new all-time high. The strong performance of Bitcoin could also facilitate a recovery for the altcoin market.
Market participants are hopeful that if Bitcoin maintains solid support and global economic trends remain positive, the overall cryptocurrency market could experience a sustained growth trend. In summary, Ran Neuner’s forecasts suggest that both Bitcoin and altcoins are poised for significant movements in the near future, presenting market participants with valuable opportunities.
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**Disclaimer:** The information provided in this article does not serve as investment advice. Investors should recognize that cryptocurrencies are highly volatile and carry inherent risks, necessitating thorough personal research.