Prediction: Traders predict that Bitcoin will reach 100k
Bitcoin had a rough ride in the first half of the year, but expert traders still say it will eventually hit $100,000 and beyond. However, there are many opinions about when it reached the $100k benchmark.
Over the years, Bitcoin has shown a steady increase in value. According to a study by the German bank, a quarter of BTC traders believe bitcoin prices will reach above $110,000 in five years. Since the current price is around $36,000, Bitcoin would have to nearly triple to reach $100K.
What is driving Bitcoin’s volatility? What is the feasibility of BTC hitting $100k? Are altcoins like D2T, IMPT, RIAand TAMA on the list of altcoins benefiting from the price increase? Read on to find out.
The value of Bitcoin
Bitcoin has struggled to maintain its position above $20k in recent months. However, it dipped below that level through September and October 2022, after recovering
a 19-month low of $17,708.62 in June.
The value of BTC is still far from its all-time high of over $68k, reached in November 2021. As a result, industry experts have had to reassess their expectations.
Many had predicted that Bitcoin was headed for $100k, a price forecast that now looks quite optimistic. As a result, many forecasters have lowered their projected Bitcoin values, at least in the short term.
High transaction volumes: Bitcoin reaches $100,000
When the Bitcoin price skyrockets to $100k, the world will experience extreme uncertainty and volatility.
If Bitcoin price increases to $100k, it could be for various reasons. Many investors hope there will be an opportunity to become 50 times richer, even though the world will essentially be the same.
Furthermore, when the BTC price reaches between $100k to $200k, more than 50% of the world’s richest billionaires would have been minted in the crypto market. This increase will potentially change the operating system in society.
Possibly Bitcoin may increase in value to more than $100,000, but the value of $100k will be significantly less than it is now.
Top List of the Best Altcoins Set to Replace Bitcoin
If the Bitcoin price reaches $100,000 crashes, more reliable cryptocurrencies will replace it. See the list below:
- Dash 2 Trading – Best crypto to invest in now with informed trading data
- IMPT– Best coin for environmentally inclined investors
- Calvary– Best crypto with the highest P2E potential
- Tamadogue– Best New Crypto for Pet Lovers
- Polygon – Best cryptocurrency for payment transactions
- Avalanche – The most trusted smart contract platform
- Fantom – Best Crypto for Decentralized Apps
- ApeCoin – the most efficient utility coin
- Chiliz – Best Crypto Assets for Sports Lovers
- Cardano – Best Proof-of-Stake Blockchain Platform
10 Altcoins set to benefit if Bitcoin hits $100k
Even if Bitcoin fails today, there is a long list of more profitable coins to invest in. See them below:
- Dash 2 Trading
D2T is currently the best cryptocurrency with on-chain analysis. It not only has a successful pre-sale, but uses a wide range of data and analytics to help traders and investors make more informed decisions and maximize profits.
This crypto ecosystem is powered by the D2T token, an ERC-20 coin. The token gives its holders access to different parts of the ecosystem, with the dashboard having three levels (free, starter, premium) with unique features.
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- IMPT
Impact Project is one of the crypto tokens making waves in the market right now. It is the best currency for buying, selling and withdrawing carbon credits.
This crypto platform gives users the opportunity to offset their carbon footprint. IMPT tokens can be converted into carbon credits and used to fund conservation projects.
Finding the best projects for their pre-sales has been a consistent winning strategy for IMPT this year, despite the bear market. As a result, the pre-sale projects offer lower entry prices than the IEOs (Initial Exchange Offerings).
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- Calvary (RIA)
Calvaria is an altcoin that aims to accelerate crypto’s mass adoption through a game to earn battle card game. The project’s task is to create the first effective ambassador between crypto and the “real world”.
This development will be achieved by creating an accessible and fun game available on mobile app stores and PCs. Additionally, this game will be able to compete within the Web.2 game market.
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- Tamadoge (TAMA)
This crypto project is a monetization gaming platform that allows users to breed and battle Tamadoge pets in the Tamaverse. All Tamadoge pets are available in NFT formats and are owned by the player.
Apart from being bought, sold or traded, they can be exchanged for TAMA tokens. In Tamaverse, players can stamp, breed and train their pets to battle to reach the top of the leaderboard.
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- Polygon (MATIC)
Polygon offers the best numbers if you are interested in scaling Web3 and Ethereum apps. MATIC, its original token, is an ERC-20 token used only within the Polygon ecosystem to settle payments and governance.
Although there was an increase in MATIC tokens in circulation and a decrease in price, it is still valuable. With MATIC’s scaling solutions and 19,000 dApps running on the network, Polygon is one to add to your crypto investment list.
- Avalanche (AVAX)
Avalanche is one of the fastest smart contract platforms in the blockchain industry. Aside from Solana and Cardano, Avalanche is one of Bitcoin’s biggest rivals.
The goal of AVAX is to solve the blockchain trilemma – scalable, fast and secure. With NFTs gaining ground in Avalanche’s marketplace, AVAX definitely has great potential.
- Phantom (FTM)
Fantom is a fast open source smart contract platform for decentralized applications (dApps) and digital assets. There are more than 200 dApps available on Fantom, including NFT tools, cross-chain bridges and DEXs.
Fantom uses Directed Acyclic Graph (DAG) as a blockchain replacement due to its great efficiency when handling data storage or processing online transactions.
- ApeCoin (APE)
ApeCoin originates from ‘The Bored Ape Yacht Club.’ It has the right potential to sustain the hype while staying true to its utility. ApeCoin has the potential to explode by 2023.
It is an ERC-20 governance and utility token for the APE ecosystem. In addition, it is managed by a decentralized autonomous organization (DAO).
- Chiliz (CHZ)
Chiliz is a crypto project focused on creating fan tokens for sports teams, which are used on the Socios platform.
Fan tokens allow people to better relate to the sports teams they support by voting on different activities such as bus designs, motivational messages and new kits.
- Cardano (ADA)
Cardano is one of the cryptocurrencies that has embraced proof-of-stake validation quite early. Its current market cap is over $13 billion.
The proof-of-stake validation helps reduce transaction time and reduce environmental impact and energy use by removing the problematic part of transaction verification on platforms like Bitcoin.
Conclusion
We have provided an overview of the value of Bitcoin and the possibility of it rising to $100,000. Although the coin has lost its footing in recent times, Bitcoin still ranks as the most used cryptocurrency, providing a comfortable platform for future success.
However, there are several exciting altcoins with high potential that could take Bitcoin’s place. IMPT, for example, is an innovative crypto and carbon credit platform currently on pre-sale.
D2T, RIAand TAMAstill ranks at the top of this list of altcoins. Make the best decision today and invest in them.
