It’s an impressive performance that Bitcoin has already put in this year. With an increase of around 85%, those who started at the turn of the year can be happy. The conditions for the recovery rally could not have been worse. The first half of the year was marked by negative events for the entire crypto market. Now, in addition to the upcoming Bitcoin halving, other reasons could also point to a rise to $100,000 next year.
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The first half of the year was primarily characterized by regulatory measures by the US authorities. The recent SEC lawsuits against Binance and Coinbase are just one in a chain of events all aimed at tightening regulation of the crypto market. Even apart from the efforts of the authorities, high interest rates and high inflation do not necessarily indicate rising prices on the crypto market.
Still, the bulls have not been deterred from driving the price of most coins higher. The increase in Bitcoin is by no means the highest among the top coins. With SOL, a top 10 coin is already up more than 200% at its peak this year and is still up more than 100% now. Many other coins also recovered well. The more time passes, the better the framework conditions develop.
(Market Capitalization Crypto Market Year to Date – Source: coinmarketcap.com)
Inflation has been falling for months, and even though Fed Chairman Jerome Powell spoke of raising interest rates at least twice more and leaving them at a high level for several years at the last interest rate decision, more and more market participants are hoping that inflation will drop sooner than expected can be curbed and interest rates will at least not remain at their highest level. Every quarter percentage point less could have a strong bullish impact on the crypto market.
Bitcoin halving as the next big price driver?
Even if the numbers are impressive this year, circumstances should not yet allow for a new all-time high to be set in 2023. By next year things will look different. In addition to falling inflation and lower interest rates, the next bitcoin halving is also looming. The rewards that miners receive are again halved and the amount of Bitcoin that is put into circulation decreases with it.
In the past, the event has had a strong bullish effect on the price, which is probably one of the reasons why the crypto market always speaks of 4-year cycles. The halving takes place every 4 years and in preparation for it and in the months that follow, the price has always risen sharply in recent years.
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Even if the differences in price development before and after the respective halving are enormous, the direction can be seen very clearly. Combined with the fact that major financial institutions are starting to look into Bitcoin ETFs and that Bitcoin is slowly entering the mainstream, it is quite realistic that the Bitcoin price could break the $100,000 mark this time. From the current price level, that would represent a gain of around 230%.
As so often in the past, the increase in the largest cryptocurrency by market capitalization should again have a strong bullish effect on the entire market. If the Bitcoin price rises to a new all-time high, it usually doesn’t take long for most altcoins to follow. Some still have a significantly higher profit potential than BTC.
Alternatives with x10 – x100 potential
While Bitcoin can more than triple its value up to the $100,000 mark, there are numerous coins that never come close to being valued as high as the leading digital currency, but do have significantly higher profit potential. Bitcoin sets the trend, but can often be outperformed by altcoins.
With the Thug Life Token ($THUG) and Wall Street Memes ($WSM), 2 coins are coming onto the market that could increase their value a hundredfold (x100) in the coming weeks and months. With Ecoterra comes a project where the price of $ECOTERRA tokens could increase tenfold (x10).
Thug Life Token ($THUG) – Available in Presale for a limited time only
The Thug Life Token ($THUG) is among the meme coins known to have the potential to bring investors thousands of percent returns in a matter of days and weeks. The presale of the $THUG tokens already shows that the project has enjoyed great popularity after a short time and is heading for the $750,000 mark.
Once tokens are sold for $2 million, the pre-sale ends. The countdown on the website shows less than 8 days left. That’s the end of it at the latest, even if the pre-sale amount of 2 million dollars hasn’t been raised yet. with that $THUG at the start of trading on the decentralized crypto exchanges (DEX), a market capitalization that is high enough to cause a stir, but would still allow an increase to 100x.
Investors who still want to take advantage of this opportunity should hurry if they want to get in on the presale. Since no price increases are planned in advance, it cannot be assumed that there will be premature profit-taking. The $THUG price could therefore increase many times over immediately after the listing on the exchanges.
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Wall Street Memes is heading for $14 million
With Wall Street Memes ($WSM) another meme coin comes onto the market that has it all. Even before the launch, the community behind $WSM had more than a million followers on social networks, which is probably the most important factor in its success. The fact that almost 14 million dollars have already been raised in the presale shows that a lot is possible with so many followers.
The $WSM pre-sale will run in several phases and once tokens for $30 million have been sold, the pre-sale will end and the meme coin will be listed on crypto exchanges. The price is raised in each pre-sale phase, which is why early entrants have a high book profit right up to the start of trading.
Ecoterra presale ends in 3 days
If meme coins are too speculative for you, you could Ecoterra be well advised. With its Recycle to Earn approach, the sustainable environmental project is also causing a stir outside of the crypto space. According to analysts, the $ECOTERRA token has the potential to increase its value tenfold after the launch and is still available in presale at a low fixed price for a short time.
Investors who buy in advance receive a bonus of 10%. The pre-sale of the $ECOTERRA tokens has now raised nearly $6 million. This shows that investors are convinced of the concept and that Ecoterra has the potential to generate high returns after launch.
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About the author: Manuel Lippitz has been an entrepreneur and investor for several years. After founding a number of successful companies, investing in a wide variety of assets became increasingly important to him. On his real estate blog he writes about life as a landlord and with the commissioning of his first own mining stations in 2020, he increasingly focused on cryptocurrencies & NFTs and the opportunities that come with them.
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