Expectations for substantially greater success from cryptocurrencies are also growing following a notable upsurge in the total crypto market. The market has not recovered all that much. Still, global market capitalization has increased to$2.35 trillion, and the market mood has also improved from a low of 49 to 56, although it remains neutral. Check out the most popular cryptocurrency price forecasts discussed in this blog among the confusion regarding what’s next for the cryptocurrency market.
Top Trending May Crypto Price Forecast
After a dull month, the cryptocurrency market has lost every inch of growth made in the last few months. Based on the previous three Bitcoin halving references, a rebound might happen in May.
These three other cryptocurrency price forecasts are also receiving the most attention. May has historically been suitable for a few cryptocurrencies.
Price of Bitcoin to Rocket to $80,000
Bitcoin has recovered in the last several days after falling below $60K; as of writing, it is trading at $63,405.79. According to analysts, this tendency should last for a few days, driving up the price of bitcoin steadily. This month, a target of $77,000 might be seen, and Bitcoin might climb above $80,000 if the bearish forces were less pronounced. On the other hand, if the bearish trend hits the market, the Bitcoin price might drop to $54K.
Bitcoin suffered challenges in April to breach the Fibonacci pivot at $68,200. A similar tendency might drive Bitcoin in the direction of the same prospect. Bitcoin will aim for the $77K mark on the R2 level after it crosses the R1 level of about $73K. It will eventually push the value towards the R3 level of $82K.
Meme Coins To Rally In May
The trading volume has risen 40% in the last 24 hours, suggesting the most considerable rebound in the market, while the market capitalization of meme coins has climbed by 11%. The cryptocurrency price forecasts predict meme coin supremacy in May based on numerous comparable analyses and meme trends taking over the crypto market.
Numerous very promising meme coins, promising investors enormous profits, have been introduced into the market since 2024. The list contains the Dogwifhat, Popcat, Real Smurf Cat, ERC20, and others. Thus, the cryptocurrency market may experience a meme run or meme season in May, during which the most profitable cryptocurrencies will be meme coins.
Stretching Ethereum ETF Wait Times
The approaching decision-making by US regulators on Ethereum Spot ETF is the last significant crypto price forecast. Despite the approach of the Ethereum ETF result day, the SEC still needs to provide suggestions. The SEC has, however, refrained from talking about Ethereum because of the continuous debate over its classification as a commodity or security.
Every day brings a decrease in the likelihood of seeing approval. At the commencement of Ethereum Spot ETF applications, people believed it to be a done deal. Still, the possibility of acceptance has been cut to 35%.
With the outcome expected by the end of the month, analysts are anticipating further delays in this instance. The SEC has been silent for a while, and the harsh,h environment surrounding Ethereum’s ETF decision suggests a delay rather than a rejection.
