Simon Dedic, co-founder of the cryptocurrency market analysis firm Blockfyre, believes that the next Bitcoin (BTC) bull run will bring the price to $ 150,000.
Dedic however, he stressed unlike what happened in 2017, this increase will not affect the entire cryptocurrency market. On the contrary, in his view, the value of only the strongest altcoins will increase.
The crypto-mania of 2017
In December 2017, Bitcoin’s dizzying rise to its all-time high of around $ 20,000 sparked a real media frenzy towards any cryptocurrency-related initiative.
This, combined with the boom in the Initial Coin Offerings and the FOMO (Fear of Missing Out), meant that virtually any project was financed in the hope that its price would rise significantly. similar to Bitcoin.
The most promising projects will achieve the success they deserve
According to Dedic, in recent years the market has fortunately become much more sober, and a possible rise in Bitcoin “it will only push up the few really good altcoins“.
He also released forecasts: in his opinion Bitcoin will get a 1,400% increase over the current price of $ 9,750, reaching $ 150,000.
Ether (ETH) price will rise by 3,570%, going from the current $ 245 to $ 9,000. Binance Coin (BNB) instead will grow by 2,750%, thus exceeding $ 500. Chainlink (LINK) and Tezos (XTZ) will achieve even more significant increases, respectively of 4,450% and 6,800%.
But in his opinion VeChain (VET) will be the real winner of the next bull run: he predicts that his value will reach $ 1, an increase of 14,100% compared to the current $ 0.007.
VeChain recently partnered with a fresh meat supplier in China to improve the traceability of distribution chains. The Chinese branch of Walmart also uses VeChain to track its products.