Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
Trade $MORE to unlock Listing Airdrops + $300K Points Prize Pool!
💰 Total Airdrop Volume: $30,000 MORE, Limited slots—first come, first served!
✅ Total Points: 2 Alpha Points per trade—accumulate points to share the $300K prize pool!
🔥Trade the Hottest On-Chain Assets First
For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
Rekt Capital: There is similarity between 2016 and 2024.
Rekt Capital, a well-known crypto trader, highlights striking similarities between the current cycle and the one following the 2016 halving. In a recent post, Rekt emphasized the "reaccumulation range" below the current price of $61,081 that Bitcoin is trading at. According to Rekt, this aligns with the observed pattern in 2016. Rekt also emphasizes the current position of Bitcoin in the "pre-halving last pullback" stage. Following this stage in 2016, Bitcoin witnessed a significant increase of 48% in just six months. This historical example boosts optimism for a possible price increase in the near future.
However, Cane Island Alternative Advisors' founder and investment manager Timothy Peterson takes a more ambitious approach. Peterson, by analyzing the price decline chart, predicts a potential six-fold price increase for Bitcoin in early 2025. Referring to past adoption trends and previous declines, he astonishingly pegs the peak of this cycle between $175,000 and $350,000.
#Which trending Al tokens are on your watchlist?#
#Which memecoin has great potential?#
#Buy the dip or wait? What's your ideas?#