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>>Will Bitcoin stay above $122,000? Experts are suggesting Solana and Ethereum might offer stronger growth potential.

Will Bitcoin stay above $122,000? Experts are suggesting Solana and Ethereum might offer stronger growth potential.

crypthub

1 day ago

Bitcoin and Ethereum Performance

Bitcoin is holding above $124,000, fueled by significant ETF inflows (over $60 billion year-to-date) and Japan’s pro-stimulus policies. Ethereum is closely tracking Bitcoin's performance, gaining over 20% this year and showing strength with its ETH/BTC ratio breaking a downtrend. Citibank projects a base target of $5,400 and a bullish case of $7,300 for Ethereum, driven by institutional demand and a growing ecosystem.

Solana Gains Momentum

Solana (SOL) is attracting substantial institutional demand, indicated by record-high CME futures open interest and inflows into Solana ETPs. The price rebounded significantly, driven by expectations around a potential Solana ETF decision in October. Increased institutional participation is stabilizing Solana’s price amidst cautious retail traders.

Emerging Altcoins to Watch

MAGACOIN FINANCE is gaining attention as a smaller-cap altcoin potentially benefiting from capital rotation out of larger cryptocurrencies. Supported by credibility reports and a low current price, MAGACOIN offers potential for significant gains if demand increases. Early positioning in these altcoins can unlock notable value as liquidity shifts.