The crypto markets are seeing a strong surge with altcoins posting the strongest gains and Bitcoin breaking back above the psychological price point of $10,000.
After dropping below 10,000 in recent corrections, BTC is today up by 3.2%, bringing it to $10,074 at press time.
In an interview on the podcast Unchained this week, Pantera Capital founder Dan Morehead analyzed the cryptocurrency’s logarithmic growth rate and forecast that Bitcoin could hit $42,000 by the end of 2019, and even potentially reach $356,000 within a couple of years.
Other Coins Are Doing Fine Too
Ether (ETH) posted a strong gain of close to 7% and is trading around $222 by press time. The coin has held ground above $200 consistently throughout its 7-day chart. On the week, ETH is up by 5.2%.
NEO (NEO) is up close to 8% on the day. Cosmos (ATOM) by over 7% and Cardano (ADA) by 6.3%.