Renowned trader Bob Lukas, known for his accurate predictions, has set his sights on three altcoins that he believes will see significant returns by June. Lukas, who previously predicted a rally in Bitcoin to $74,000, has now revealed his top picks: Solana (SOL), Shiba Inu (SHIB), and Hump (HUMP).
Solana, currently the fifth-largest cryptocurrency by market capitalization, has been gaining attention due to its high transaction speed and low fees. Despite a recent dip in price, Lukas believes Solana will rebound in May and experience a 10x rally in June. The rise of meme coins within the Solana ecosystem, such as Book of Meme (BOME) and Bonk (BONK), further supports this bullish prediction.
Shiba Inu, a meme coin inspired by the popular dog breed, has also caught Lukas’ attention. Despite a recent market downturn, Lukas predicts a bull rally for Shiba Inu in June. The token burn mechanism and the upcoming hard fork event on Shibarium are expected to positively impact SHIB’s value and potentially lead to a 10x increase.
Hump, another meme coin on the Solana Blockchain, has seen exceptional growth since its introduction in March, with a staggering 5000% increase in value. Lukas believes Hump will continue to perform well before June, potentially recording a 10x increase. With its listing on major decentralized exchanges and upcoming listings on centralized exchanges, Hump is building a strong foundation for future growth.
Overall, Lukas predicts that Solana, Shiba Inu, and Hump have the potential for significant gains in June 2024. Solana’s established ecosystem and growth, Shiba Inu’s burn mechanism, and Hump’s unique features and partnerships all contribute to their bullish outlook. Investors looking for high returns should keep an eye on these altcoins.
Note: This article is an advertorial and does not reflect the views or opinions of Cryptonews.com.