Toncoin takes off 🚀

Bitcoin had a down week, but one analyst set a $200,000 price target for 2025.

Author

Ryan Ozawa
June 15, 2024

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📝 What you need to know

Both Bitcoin and Ethereum closed the week down, with sharp dips on Friday. That put the spotlight on Toncoin (TON), which is up 11% over the past seven days, solidly entering the top ten cryptocurrencies by market cap—and putting it within striking distance of flipping perennial favorite Dogecoin.

Despite the down week for BTC, analysts at AllianceBernstein predicted the price of Bitcoin will hit $200,000 next year, upping their target by $50,000 since March and citing the “unprecedented Bitcoin demand” in spot ETFs.

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