Dogecoin Co-Founder Predicts Bitcoin Will Hit $100,000

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8ko azaroaren 2022a, 11:39

Dogecoin Co-Founder Predicts Bitcoin Will Hit $100,000

The largest cryptocurrency, Bitcoin, has suffered a 5% decline from its $20,000 level, which it has maintained for a couple of weeks. However, during the short rally a few weeks back, Bitcoin’s valuation recovered from its three-month low, shooting above $21,000.

These gains brought hope to the crypto market and boosted investors’ confidence that the crypto winter is about to end. However, the November 7 market record has shattered their hopes, with many cryptocurrencies falling back to their decline, including Bitcoin eta Ethereum.

But Billy Markus, the co-creator of Dogecoin, believes that Bitcoin may reach $100,000 one day. He said this in erantzun to Madam Doge, a Twitter user who lamented BTC’s current price while citing Michael Saylor’s Bullish Bitcoin iragarpenak.

Markus added that Bitcoin price would reach that much in a future where $100k would only buy a sandwich due to inflation or when the current users might have already died. The conversation began with Madam Doge complaining and enquiring why the Bitcoin price fell, while Markus said it was due to massive sellouts.

Possible Reasons Behind Bitcoin Ukatu

Azken 24 orduetan, Bitcoin dropped below $20,000 and currently trading around the $19,500 level. The asset was trading at $20,400 24 hours ago, the level it managed to maintain for two weeks. The performance got the market thinking that BTC is retracing its way upwards.

Coinglass txosten baten arabera, 112.83 milioi dolar kriptomonetan likidatu ziren, posizio luzeen% 95 ezabatu ziren bitartean. Salmenta masiboari buruzko datu gehiago ere etorri ziren, 300 milioi dolarreko likidazioak agerian utziz.

The market volatility often depends on Bitcoin’s performance. However, the present one is different. The liquidation data shows that Ethereum and FTT were probably the cause of Bitcoin’s massive sell-off.

arteko liskarra Binance and FTX resulted in a 19% drop in FTT value. Furthermore, due to potential insolvency issues, FTX decided to raise funds by selling off its Ethereum holdings. Santiment’s report confirmed the increase in selling pressure. The blockchain analytics firm also confirmed the offload of ETH from FTX’s ETH wallets.

Egun gutxiren buruan, FTX-k 300,000 ETH atera zituen bere zorroetatik, eta ondorioz, Ethereum merkatuetan salmenta presio handia eragin zuen. Ondorioz, Ethereum eta XRP% 6 jaitsi dira, eta ETH bere $ 1,500 maila psikologikotik behera jaitsi da.

Dogecoin eta beste Memecoin batzuk erori

Meanwhile, the memecoins which have been in the limelight following Elon Musk’s Twitter acquisition are also down. For example, Dogecoin is faring much worse than Bitcoin and Ethereum, with approximately a 15% loss in valuation, while Shiba Inu (SHIB) dropped 8%.

Gaur egun, DOGE 0.08667 $-tan saltzen da, eta 2,152,858,888.09 $-ko merkataritza-bolumena du. SHIBen egungo prezioa jaisten ari da, 24 orduko merkataritza-bolumena 493,920,114 dolarrekin.

Jatorrizko iturria: AlbisteakBTC