Since the sudden rate cut by the US Federal Reserve on Wednesday, Bitcoin, Ethereum, and Bitgert have led the bullish trend in the market; Bitcoin hovers around the $62,500 price level after touching $64k in the last 72 hours. Ethereum also saw four back-to-back green candles for the first time since early July during this window.
Ethereum and promising altcoins like Bitgert and Floki Inu could see explosive growth in the following weeks. Price predictions for this lucrative trio (i.e., Ethereum, Bitgert, and Floki Inu) point to a significant increase in the last quarter. In the following paragraphs, we uncover the current developments around Ethereum, Bitgert, and Floki Inu and forecast their price trajectory.
Ethereum, Showing Solid Bullish Signals
Ethereum, the biggest altcoin, became a topical subject in the financial market after a streak of consecutive bullish candles late last week. Ethereum closed the weekend sale, barely above the $2560 support. Now trading at $2601, Ethereum could see further price jumps in the next few days.
Ethereum’s current falling wedge breakout run surpasses the overhead dynamic resistance. Ethereum is showing solid signs of maintaining its bullish trend in October. Moreover, analysts are confident Ethereum will be among the biggest winners in the last quarter. Ethereum could surge up to 20x within this period.
Floki Inu: More Upward Movements
Floki Inu, the dog-themed token, is loved for many reasons. Boasting a solid fan-base, ongoing developments on Floki Inu’s current roadmap have drawn global interest.
Floki Inu recently announced the conclusion of Round 2 for the Floki Inu Trading Bot x $CAT trading competition. For about three weeks, users in the Floki Inu’s ecosystem participated, competing to win rewards from a pool of 9,855,000,000 $CAT. Floki Inu’s continual growth in traction amid this development could sustain an upward trajectory for Floki Inu’s $FLOKI.
Floki Inu is trading at $0.0001304 after an intraday spike of about 1.2%. Floki Inu is primed for more upward movements. Floki Inu price chart shows $FLOKI successfully broken out of the descending triangle pattern. $FLOKI price trajectory shows Floki Inu could exchange hands by $0.0001860 in the first week of October.
Bitgert: A Bullish Setup
A few weeks ago, Bitgert Innovation Labs, through Startup Studio, launched a grant program for memecoin developers. Through this program, memecoin developers can win grants from a $25,000 pool while building their dream token on the Bitgert platform.
The Bitgert platform offers a comprehensive range of unique capabilities and native solutions, bringing it toe-to-toe with established blockchains like Ethereum, Solana, etc. Bitgert, the dark horse of foundational blockchain platforms, enjoyed steady growth through late September.
Current market metrics show Bitgert is buying and selling at $0.00000007994, with a 1.2% intraday uptick. Technical indicators, such as the 50 EMA, signal a bullish setup for Bitgert in the new days. Bitgert could continue with this momentum and break past the $0.00000009 and $0.0000001 in the next few weeks.
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Source: https://blockonomi.com/bitgert-ethereum-and-floki-inu-price-predictions-point-to-major-growth-in-2024/