<img src=”https://storage.googleapis.com/prod-zenger-upload/image/20231128/feat_85623f76-6f7d-4979-b5d1-73ad0d8612e6.jpg” alt=” Bitcoin (CRYPTO: BTC), Chainlink (CRYPTO: LINK), Ocean Protocol (CRYPTO: OCEAN), and Polkadot (CRYPTO: DOT) are at the forefront of potential major price movements, analysts say. JAKUB PORZYCKI/GETTY IMAGES “>

Bitcoin (CRYPTO: BTC), Chainlink (CRYPTO: LINK), Ocean Protocol (CRYPTO: OCEAN), and Polkadot (CRYPTO: DOT) are at the forefront of potential major price movements, analysts say.

Bitcoin is projected to reach $524,000 over the next four years based on its historical performance during its halving cycles, according to a forecast from on-chain analyst PlanB.

At the 2012 halving, most Bitcoin was valued at less than $16. By the 2016 halving, it was in the $256 to $1,024 range.

The 2020 halving saw most Bitcoin in the $4,000 to $16,000 range.

Extrapolating from this trend, PlanB anticipates that by the 2024 halving, most Bitcoin will be valued in the $16,000 to $65,000 range.

Furthermore, the analyst wouldn’t be surprised if, in the next four years, most Bitcoin transactions occur in the $65,000 to $524,000 range, indicating a potentially massive increase in Bitcoin’s value.

In addition to Bitcoin, other cryptocurrencies are also under the microscope of analysts.

Analyst Rekt Capital shared insights on Chainlink, Ocean Protocol, and Polkadot.

Produced in association with Benzinga