In recent days, the cryptocurrency market has experienced a notable downturn. Bitcoin (BTC) witnessed a substantial drop from over $73,736, to just above $61,000, marking a decline of 14.7% over the past week.
However, in the midst of recent market swings, prominent crypto trader Scofield shares bullish sentiments and predicts 200% to 1000% price targets for various cryptocurrencies in the coming 3 to 4 months.
Scofield began his analysis with the flagship cryptocurrency, Bitcoin (BTC) is forecasted to reach $150,000, reflecting a 250% increase from its current price of $67,000. Analysts believe that BTC will hit this level in the next 3 to 4 months.
Further into analysis, Scofield sees Fetch.ai (FET) a decentralized machine learning platform to be hitting the $22 mark soon. Currently, FET Token is trading at $2.46 with a market cap of $2.2 Billion and a circulating supply of 839 million FET tokens
Scofield sees Injective Protocol ($INJ) as anticipated to reach $350 in the next 3 to 4 months. Currently priced at $38.45, with a 24-hour change of 4.86%, it boasts a market cap of $3.6 billion.
Oasis Network aims to provide a secure infrastructure for decentralized applications is predicted to hit $1. Meanwhile, analysts believe that it will surge by 570% from its current price of $0.148.
According to Scofield’s analysis, Coti (COTI) is projected to reach $1. Currently trading at $0.19, it has seen a modest increase of 6.21% recently. However, to hit the predicted price range COTI coin has to surge by 500$ from its currency price level.
Other notable predictions include….
In addition to these forecasts, Scofield emphasizes the importance of considering the current state of the cryptocurrency market. Despite recent volatility, Scofield remains optimistic about the potential for growth in these coins, urging investors to view the current market conditions as an opportunity for buying the dip.
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