Bitcoin in Price Discovery Mode

BITCOIN IN PRICE DISCOVERY AFTER BREAKING ITS ALL-TIME HIGH RECORD OF $64.8K, ALTCOINS ABOUT TO FOLLOW

BTC TOP 3

BITCOIN IN PRICE DISCOVERY MODE

BITCOIN BULLS: I TOLD YOU SO!

Today, we have just witnessed how easily Bitcoin just glided past beyond its all-time high. Every crypto person is now closely watching Bitcoin in price discovery mode. How far, do you think, till we hit the top?

There seems to be varying opinions and analyses regarding Bitcoin top between friends Bitboy Crypto and The Moon Carl.

Carl thinks Bitcoin can reach up to $300k and although Bitboy thinks this is not impossible with Bitcoin, he strongly believes we are not seeing that in this cycle. Bitboy mentioned that if Bitcoin is ‘allowed’ to reach $300k, it will destroy the stock market.

When Carl asked the basis of his conviction, he pointed out the Top 100 BTC addresses. Half of those were addresses that were just created this 2019, just about 2-year old addresses yet have gained a spot in the Top 100. The point being: who has huge amounts of money, billions of dollars of money that can buy Bitcoin reaching the top holders’ spot? Not the retail investors. But institutions, big-money personalities, billionaires, and millionaires, etc.

With them holding Bitcoins as much as they have, they have enough power to pull the ‘brakes‘ on BTC price to prevent it from breaking the stock market. Hence his take on just a $100k this cycle. Next cycle, $250k, again, from his sources.

The two crypto influencers are now betting on who will end up saying, I told you so! The winner gets 1 BTC from the loser.

What about you? At what price do you think Bitcoin will top out?

ETHEREUM NEARING ALL-TIME HIGH!

After Bitcoin, Ethereum is determined to make a new all-time high as well. Having less than 5% away from its record high, Ethereum’s new all-time high is just a matter of time now.

CRYPTO WATCHLIST FOR ALTCOIN SEASON

Top 10 Crypto Picks by Boxmining

1. SOLANA – Top Infrastructure. Solana is so hyped because of the Solanart. Solana has 2 growth potentials, one of them is NFTs: lots of trading going on there and the second is Defi trading scene

2. ENJIN – Top Gaming Blockchain. Because of their gaming project, they’ve been doing solid work.

3. ALGORAND – Undervalued Blockchain. Launches virtual machine to increase smart contract capabilities and the avm will also give developers program tools to write smart contracts in Python or Reach

4. METAWARS – Top Space Game. The game story is based on space exploration, you can battle other ships and other robots which are actually NFTs. Starting off on BSC network, over the course of time, it’s gonna go on Avalanche and Solana as well.

5. 3 KINGDOMS – Top Strategy Game.

6. TrustSwap – Top DeFi Pick. one of Defi favorites, they have a launchpad that’s launching projects on almost every single blockchain including infrastructure on Avalanche. They also have new NFT mystery boxes. There’s so much on their pipeline.ad that’s launching projects on almost every single blockchain including infrastructure on avalanche…they also have new NFT mystery boxes.. so much on their pipeline..

7. YouClout Top Social Pick. It is a TikTok-style social network built in Cardano.

8. FTT – Top Exchange. The utility token of the big international crypto derivatives exchange, FTX.

9. DYDX – Crazy DeFi Gem. DYDX is a non-custodian decentralized derivative exchange running on a Layer-2 version of the Ethereum network. The exchange gained 80% in a week.

10. HACKEN – Top Security Pick. offers products and services to help companies and organizations remain secure against the existing perils of the online world. 

Top 5 Lower Cap Altcoins Set to Explode in 2022 by AltcoinDaily

Chainlink (LINK) – has continued its upward trajectory with 76 new integrations just this August

Cardano (ADA) – is partnering with American Telecom Service DISH Network

Vechain (VET) – partners with Major Logistics Firm DHL for Enterprise NFT Issuance

Polkadot (DOT) – now has $800M Treasury for Ecosystem Growth

Polygon (MATIC)- Integrates with DraftKings, a sports betting platform valued at nearly $20B on the public market

Do you have any of these coins in your bags?

DISCLAIMER: This is not financial advice. Please do your own research before going into any crypto project.


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

You can join her Slack channel to get real-time updates from the top Crypto influencers.

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