Why Bitcoin Price Will Not Pump 5x Anytime Soon but These Coins Will
hold on to the 20k mark. Experts believe Bitcoin’s price will rise again with another bull run, but all indicators show that will not be happening anytime soon.
However, Dash2Trade (D2T), Calvaria (RIA), and Impact Project (IMPT) have shown massive potential and are poised to pump 5x their current value or more in the last weeks of the year. Here’s why.
Bitcoin had an unsteady first half of the year, but experts believe the coin will eventually hit $100,000 in 2023. However, demand for digital currency has drastically dropped as macroeconomic events affect its ability to add value.
From the Fed’s rate hike to inflation and various crypto reforms and regulations, the market’s sentiment has been hit. As a result, Bitcoin has moved from its 2021 $69k all-time high (ATH) to just a little above $20k at press time.
Bitcoin’s price has traded sideways below the $19,000 price point over the last month and is struggling to stay above $20,000 for a while. But it jumped back to $20,000 on Tuesday afternoon and has remained steady.
Despite low prices, Bitcoin’s price has managed to stay mostly the same over the last month. While the price stability is significant at a time when other assets are plummeting, the current price movement indicates that we are not going to see a sudden massive pump in the value of BTC.
The crypto winter (or bear market) has affected the price of Bitcoin and other major cryptocurrencies, like Ethereum. But decentralized finance (DeFi) projects have continued to rally support and attract investors.
Unlike Bitcoin, new DeFi coins like D2T, $RIA, and IMPT are now rallying and set to reward early investors with high returns. These three projects have raised millions of dollars during presale and have shown
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