Bitcoin‘s value has soared beyond $69,000, marking a historical high for the cryptocurrency ahead of a much-anticipated halving event. This surge has sparked excitement among investors and speculators alike, with many turning their gaze towards the altcoin market. Predictions about future valuations of popular altcoins are now the subject of intense speculation, as market watchers try to determine their next moves in the event of a rally or correction.
Forecast for LUNA Coin Amid Leadership Troubles
Despite the impending repatriation of Terra founder Do Kwon to face legal consequences in South Korea, the price of Terra (LUNA) seems to be unaffected by the controversies surrounding its leadership. Currently trading above $1.2, LUNA has established $1.1 as a support level, staving off any immediate price drops. However, a downturn could potentially reduce its value to as low as $0.63, with a notable risk of short position liquidations due to unexpected price jumps.
Aptos (APT) Anticipates Unlocking of Funds
A significant event this week involves the release of $300 million related to Aptos (APT), an altcoin that debuted in late 2022 and is considered a formidable rival to SOL Coin. This unlocks funds that could significantly influence its price. APT Coin’s value has been consistently closing above the crucial $11 mark, and sustained performance of Bitcoin could push it towards previous highs and potentially towards a new peak in the $27-$30 bracket.
Analyzing Solana (SOL)’s Price Trajectory
Solana (SOL) Coin has recently made spikes towards the $103 level, but its sights are set on the $150 target. Having hit $152 this week, overcoming the $157 threshold could signify a stronger rally, eyeing further goals at $176 and $205. Nevertheless, a decline might see the price retracting back to the $88 support level if it falls below $103.
Chiliz (CHZ) Sees New Opportunities
Chiliz (CHZ) Coin, in contrast to Bitcoin’s fall to $59,000, presented a notable purchasing opportunity at $0.11. Currently, it hovers around the $0.156 hurdle, and a break above this level could open the doors to higher thresholds of $0.17 and possibly $0.2.