Alex Krüger, an influential economist and investment expert, has cast a spotlight on a significant altcoin, suggesting that a substantial surge is on the horizon. Krüger, who adheres to the view that the crypto bull market is far from over, predicts a major rally for a previously undervalued altcoin known as Core (CORE).
Core (CORE) Poised for Explosive Growth
With a following of over 168,000 on a social media platform, Krüger has been vocal about the potential of Core, a blockchain venture that combines the merits of Bitcoin‘s Proof of Work (POW) system with aspects of Proof of Stake (POS) technology. He succinctly puts it: There exist two kinds of individuals in the crypto sphere; those acquainted with CORE and those who will be.
At the moment, CORE has witnessed a 7% uptick within a 24-hour period, reaching a trading price of $0.81. During a recent episode of the 1000x podcast, Krüger ascribed the current crypto market upswing to growing interest in spot Bitcoin ETFs.
Bitcoin Halving as a Strategic Waiting Period
Krüger’s insights recommend patience in the market, even amidst price drops in Bitcoin and several altcoins, suggesting that the prudent strategy might be to hold off until the upcoming Bitcoin halving event, which slashes mining rewards by half. He stresses the significance of ETF flows, asserting that their sheer magnitude indicates the beginning of a much larger trend. By holding out, Krüger believes investors stand to gain from the ongoing surge, as opposed to securing minimal profits prematurely.
The economist’s commentary provides valuable indicators regarding the future trajectory of the crypto market. Nonetheless, he reminds investors that vigilance is key in navigating this volatile space. Observing the current Bitcoin price, the foremost digital currency has been wrestling to break past the $67,000 mark, currently trading at $66,935.