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Here Are Key Fundamentals That Can Drive Cardano Price To $10

Published

6 hours ago

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Cardano (ADA) is currently riding the ongoing bullish market rally with its price soaring by 4.74% in 24 hours to $1.0478. While Cardano traded below the $0.3 price mark for the better part of the past year, the coin now have the prospect to reclaim its All-Time High (ATH) above $3.099.

ADA has shown enough prospect per its performance outlook in the trailing 52-week period. The question now remain whether or not it can soar to the $10 price mark this current bull cycle. Optimistic analysts remain convinced that this is the start for ADA price despite breaching the $1 pyschologically important level.

For Cardano to jump to $10, here are the top factors to note moving forward;

1. Cardano Whale Impact

ADA is one of the most loved digital currencies by large buyers. Though this metric is down by 11% in 24 hours per IntoTheBlock data, the cummulative volume, $26.34 billion, outranks the $8 billion recorded by Ethereum.

Cardano ADA Whale 7D OutlookCardano ADA Whale 7D Outlook
Cardano ADA Whale 7D Outlook. Source: IntoTheBlock

The Cardano whale transaction recorded a 26.09 billion ADA in 24 hours. Over the past week, the whale embrace in ADA terms jumped from a low of 26 billion to a high of 41.83 billion.

This figure is prove that new liquidity is entering the ecosystem regularly. If this trend is sustained, it might help push the price of the ADA to new highs soon.

2. Ecosystem Upgrades and Growth Fundamentals

Meanwhile, for a very long time, Cardano ranked as the Layer-1 with more robust developer activity. The protocol showcased this strength over the past few months when it launched the Chang hard fork upgrade on the mainnet.

Notably, this upgrade moved the protocol to the decentralized governance era, a pioneering move in the L1 ecosystem.

Beyond this, Cardano recently announced the testing campaign for Hydra Doom. The protocol plan to stretch the limits of the Hydra scaling protocol by incentivizing its large community to participate.

Notably, this ecosystem upgrades and products paints the protocol as an appealing one. It can draw in new users, fuel ADA adoption and ultimate help push Cardano price forward.

3. Correlation With Bitcoin

Cardano has a very strong links to Bitcoin with a correlation coefficient of 0.94 as teased in an earlier Coingape report.

This figure can help it ride the current Bitcoin price rally until it possibly hits the $10 mark. With the massive capital influence into Bitcoin through the spot ETF product to corporate buyers like MicroStrategy, BTC has the chance to hit unprecedented highs.

If this projection play out, Cardano may also benefit from this massive sentiment to hit a $10 ATH.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Hedera (HBAR) Price Jumps 25% As Analyst Predicts 192% Rally

Published

2 hours ago

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November 30, 2024

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Hedera (HBAR) price has seen a bullish shift in the last 24 hours, with the price shooting to a 2-year high of $0.1808 before facing resistance. Despite the resistance, the HBAR price at press time was trading at $0.1823, a 25% surge from the intra-day low.

During the rally, HBAR’s trading volume and market capitalization soared by 261% and 25% respectively, reaching $954.36 million and $6.92 billion.

Hedera (HBAR) Price Jumps 25%

Hedera (HBAR) price has displayed strong upward momentum, reinforced by technical indicators suggesting continued bullish trends after skyrocketing over 25%. The HBAR price recently crossed both its 50-day (SMA 50) and 200-day (SMA 200) simple moving averages, forming a “golden cross”.

The SMA 50 is currently at $0.07545, while the SMA 200 is positioned at $0.07169, both well below the current price.

HBAR/USD price chart (Source: TradingView)HBAR/USD price chart (Source: TradingView)
HBAR/USD price chart (Source: TradingView)

The Relative Strength Index (RSI) for HBAR has reached 78.56, nearing the overbought zone of 80. This suggests strong buying activity but also indicates a potential price consolidation as traders may take profits. However, analysts remain optimistic, with one Javon Marks forecasting a possible rally to $0.504, representing a 192% increase from current levels.

Increased Market Activity Boosts Investor Confidence

HBAR’s price rally has been accompanied by heightened trading activity and open interest, indicating growing market participation. Trading volume surged by 261% to $954.36 million in 24 hours, while open interest grew by 48.26% to $208.25 million.

This increase suggests that new capital is entering the market, which could support sustained upward price movement.

ImageImage

According to More Crypto Online, HBAR’s current movement aligns with Elliott Wave theory, suggesting one more high is likely in the short term. Analysts are monitoring key resistance levels at $0.176, $0.20, and $0.23. A breakout above these levels could further validate the bullish trend.

Federal Reserve Collaboration Fuels Positive Sentiment

HBAR’s recent price surge is also being supported by its growing role in blockchain-based federal payment systems. Hedera is integrated into the Federal Reserve’s FedNow payment platform through Dropp, enabling real-time payments with increased efficiency and security.

In addition, Ripple (XRP), which has partnered with Hedera for USD transactions, is expected to receive regulatory approval to launch its RLUSD stablecoin in December 2024. This partnership could enhance interoperability between Hedera and Ripple, further bolstering HBAR’s adoption in the payments sector.

Concurrently, HBAR traders are also optimistic due to speculation about the potential approval of a Hedera exchange-traded fund (ETF) submitted by Canary Capital to the U.S. Securities and Exchange Commission (SEC). With Gary Gensler stepping down as SEC chairman, an ETF approval, which is likely under Trump’s administration, is possible hence could provide broader exposure to institutional investors, fueling additional HBAR price gains.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Algorand (ALGO) Price Rockets 32% After Bullish Golden Cross

Published

9 hours ago

on

November 29, 2024

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Algorand (ALGO) price has seen a jump in the last 24 hours, with the token swaying between an intra-day high of $0.408 and a low of $0.2952. This rally has prompted analysts to project a price surge above the $1 mark, largely driven by the ‘Golden Cross’ observed on the ALGO price chart.

Algorand Price Surges Over 30%, Rally To $1?

In the last week, the Algorand price has been on a bullish rally with the price soaring over 60%. As of press time, ALGO price was trading at $0.3939, a 32% surge from the intra-day low. During the rally, ALGO’s market capitalization and 24-hour trading volume soared by 32% and 440% respectively to $3.27B and $1.38B, respectively.

This surge reflects the increasing investor confidence with ALGO price securing the top spot on today’s top gainers. Concurrently, the fact that 37% of holders are in profit indicates that a significant portion of the market is optimistic about the coin’s potential, while the remaining holders may either hold their positions in anticipation of the ALGO price recovery.

Source: IntoTheBlockSource: IntoTheBlock
Source: IntoTheBlock

Furthermore, ALGO’s open interest hit an all-time high (ATH) of $81 million, reflecting a 28% increase in just 24 hours. The rise in open interest suggests that a growing number of traders are betting on further gains for the token.

The high open interest, combined with increasing trading volumes, indicates that the bullish sentiment surrounding ALGO could persist in the near term.

ALGO Price Technical Analysis

From a technical perspective, the recent price surge in ALGO is supported by strong momentum indicators. The Relative Strength Index (RSI) for ALGO is currently at 83.63, suggesting that the token is in overbought territory. While this indicates that a short-term pullback or consolidation may be imminent, it also highlights the strength of the current bullish trend.

A key driver behind the recent bullish move is the formation of a “Golden Cross” on the ALGO price chart. A Golden Cross occurs when a short-term moving average crosses above a long-term moving average, typically signalling a shift toward bullish market conditions. In the case of ALGO, the 50-day Simple Moving Average (SMA) has recently crossed above the 200-day SMA, marking a technical buy signal for investors with the price projected to hit $1 soon.

ALGO/USD price chart (Source: TradingView)ALGO/USD price chart (Source: TradingView)
ALGO/USD price chart (Source: TradingView)

Additionally, the Chaikin Money Flow (CMF) for ALGO stands at 0.24, indicating that there is significant buying pressure. This is consistent with the high open interest and strong market volume, further supporting the view that investor sentiment remains positive.

Concurrently, analysts are optimistic about the potential for ALGO to surpass the $1 mark. Technical targets, based on the recent bullish breakout, suggest that the price could reach as high as $1.26, marking a potential 300% increase from current levels.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Monthly Chart Reveals Bull Market Target

Published

16 hours ago

on

November 29, 2024

By


Bitcoin (BTC) price today trades at $97,072.0 on 11 AM. BTC price hit a daily high of $97,086.0 today after a 2.11% move on November 29.

Why Bitcoin Price Today Is Rising?

As mentioned, Bitcoin price today is up 2.11% after BTC crashed 8.88% and currently auctions around $97,072.0. Despite the recent drop, BTC shows signs of recovery and trades around $97,072.0. Many were seen preemptively celebrating Bitcoin hitting $100,000 on Friday, but the recent crash has revealed that BTC has other plans. Regardless, one thing is clear – investors are eager to see Bitcoin cross the historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off.

From the looks of it, Bitcoin price looks ready to recover and is showing signs of forming a local bottom.

*bitcoin price updated as of 11 AM.

Value of BTC trades at $97,072.0, bringing the year-to-date gain from 56% on October 20 to 120% as of November 29. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 45%, and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.

BTC Price to Finish 2024 on Bullish Note

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end November 2024 on a positive note. Many even expect a six-digit target for BTC by the end of November, and this is due to the historical returns. History shows that Bitcoin has always performed massively in the fourth quarter.

Historical Bitcoin Price PerformanceHistorical Bitcoin Price Performance
Historical Bitcoin Price Performance

With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at $1,921.0 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $1,921.0 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $43.3 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Key Bitcoin Blockchain Updates

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Bitcoin Network Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

2020-2024:

  • Taproot Upgrade (2021): Improved Bitcoin’s smart contract functionality, allowing for more complex transactions and enhanced privacy.Muir Glacier Upgrade (2020): Delayed the “ice age” that would have slowed down the network, ensuring the continued smooth operation of Bitcoin.

2017-2019:

  • Segregated Witness (SegWit) Upgrade (2017): Increased the block size limit, allowing for more transactions to be processed on the network, and improved the overall scalability of Bitcoin.
  • Schnorr/Tapscript Upgrade (proposed): Aims to further improve the efficiency and scalability of Bitcoin transactions, but has not yet been activated.
  • SegWit2x (canceled): A proposed upgrade that aimed to increase the block size limit, but was ultimately canceled due to lack of consensus.

2015-2016:

  • Bitcoin Core 0.12.0 Upgrade (2016): Introduced several improvements, including better wallet management and enhanced security features.
  • BIP66 Upgrade (2015): Standardized the way Bitcoin transactions are verified, improving the overall security and reliability of the network.

2013-2014:

  • Bitcoin Core 0.9.0 Upgrade (2014): Introduced a new wallet format and improved the overall performance of the Bitcoin client.
  • BIP0016 Upgrade (2013): Enabled the use of payment protocol, allowing for more efficient and secure transactions.

2010-2012:

  • Pay-to-Script-Hash (P2SH) Upgrade (2012): Introduced a new type of transaction that allows for more complex payment scenarios, improving the overall flexibility of the Bitcoin network.
  • Bitcoin Core 0.6.0 Upgrade (2011): Introduced several improvements, including better wallet management and enhanced security features.

2009-2010:

  • Bitcoin Core 0.3.0 Upgrade (2009): One of the earliest upgrades to the Bitcoin network, introducing several key features and improvements.

Bitcoin Price Outlook For Next Month

DatePriceChange
November 28, 202493389.76-1.19%
November 29, 202498345.114.05%
November 30, 2024100968.576.82%
December 01, 2024101996.517.91%
December 02, 2024102039.157.96%
December 03, 2024101579.687.47%
December 04, 2024101436.327.32%
December 05, 2024101756.897.66%
December 06, 2024102041.577.96%
December 07, 2024102241.718.17%
December 08, 2024102804.908.77%
December 09, 2024103555.329.56%
December 10, 2024103240.459.23%
December 11, 2024103724.749.74%
December 12, 2024105169.7911.27%
December 13, 2024105746.0211.88%
December 14, 2024104974.0411.06%
December 15, 2024104262.3210.31%
December 16, 2024103953.899.98%
December 17, 2024103545.669.55%
December 18, 2024101488.527.37%
December 19, 2024101490.637.38%
December 20, 2024102810.578.77%
December 21, 2024104782.9010.86%
December 22, 2024106926.0613.13%
December 23, 2024108984.9915.3%
December 24, 2024109125.7415.45%
December 25, 2024109100.5315.43%
December 26, 2024109304.3715.64%
December 27, 2024109684.9516.05%

Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $110,724 in the coming month. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029

Bitcoin Price Outlook Between 2025 & 2029

January$108,808.42$108,872.16$108,840.29

75.1%

February$108,068.85$108,059.37$108,064.11

73.8%

March$107,329.28$107,246.58$107,287.93

72.6%

April$106,589.71$106,433.79$106,511.75

71.3%

May$105,850.14$105,621$105,735.57

70.1%

June$105,110.58$104,808.21$104,959.40

68.8%

July$104,371.01$103,995.42$104,183.22

67.6%

August$103,631.44$103,182.63$103,407.04

66.3%

September$102,891.87$102,369.84$102,630.86

65.1%

October$102,152.30$101,557.05$101,854.68

63.8%

November$101,412.73$100,744.26$101,078.50

62.6%

December$100,673.16$99,931.47$100,302.32

61.3%

All Time$104,740.79$104,401.82$104,571.31

68.2%

January$103,446.81$103,168.85$105,565.79

69.8%

February$106,220.47$106,406.23$110,829.27

78.3%

March$108,994.12$109,643.60$116,092.74

86.7%

April$111,767.77$112,880.98$121,356.21

95.2%

May$114,541.43$116,118.36$126,619.69

103.7%

June$117,315.08$119,355.74$131,883.16

112.1%

July$120,088.73$122,593.11$137,146.63

120.6%

August$122,862.39$125,830.49$142,410.11

129.1%

September$125,636.04$129,067.87$147,673.58

137.5%

October$128,409.69$132,305.25$152,937.05

146%

November$131,183.35$135,542.62$158,200.53

154.5%

December$133,957$138,780$163,464

162.9%

All Time$118,701.91$120,974.42$134,514.90

116.4%

January$139,801.17$144,684.75$169,276.92

172.3%

February$145,645.33$150,589.50$175,089.83

181.6%

March$151,489.50$156,494.25$180,902.75

191%

April$157,333.67$162,399$186,715.67

200.3%

May$163,177.83$168,303.75$192,528.58

209.7%

June$169,022$174,208.50$198,341.50

219%

July$174,866.17$180,113.25$204,154.42

228.4%

August$180,710.33$186,018$209,967.33

237.7%

September$186,554.50$191,922.75$215,780.25

247.1%

October$192,398.67$197,827.50$221,593.17

256.4%

November$198,242.83$203,732.25$227,406.08

265.8%

December$204,087$209,637$233,219

275.1%

All Time$171,944.08$177,160.88$201,247.96

223.7%

January$212,511.67$218,298$243,655

291.9%

February$220,936.33$226,959$254,091

308.7%

March$229,361$235,620$264,527

325.5%

April$237,785.67$244,281$274,963

342.3%

May$246,210.33$252,942$285,399

359%

June$254,635$261,603$295,835

375.8%

July$263,059.67$270,264$306,271

392.6%

August$271,484.33$278,925$316,707

409.4%

September$279,909$287,586$327,143

426.2%

October$288,333.67$296,247$337,579

443%

November$296,758.33$304,908$348,015

459.8%

December$305,183$313,569$358,451

476.5%

All Time$258,847.33$265,933.50$301,053

384.2%

January$317,150.58$326,144.33$372,391.92

499%

February$329,118.17$338,719.67$386,332.83

521.4%

March$341,085.75$351,295$400,273.75

543.8%

April$353,053.33$363,870.33$414,214.67

566.2%

May$365,020.92$376,445.67$428,155.58

588.7%

June$376,988.50$389,021$442,096.50

611.1%

July$388,956.08$401,596.33$456,037.42

633.5%

August$400,923.67$414,171.67$469,978.33

655.9%

September$412,891.25$426,747$483,919.25

678.4%

October$424,858.83$439,322.33$497,860.17

700.8%

November$436,826.42$451,897.67$511,801.08

723.2%

December$448,794$464,473$525,742

745.6%

All Time$382,972.29$395,308.67$449,066.96

622.3%

In the next year, aka 2025, Bitcoin price is likely to stay well above the six-digit territory and shows no signs of correction below it. Coingape’s Bitcoin price prediction data reveals a peak of $104,280.26 in February 2025.

Bitcoin Price Prediction between 2030 and 2050

2030

2031

2032

2033

2040

2050

January$465,154.42$481,462.17$546,469.67

779%

February$481,514.83$498,451.33$567,197.33

812.3%

March$497,875.25$515,440.50$587,925

845.6%

April$514,235.67$532,429.67$608,652.67

879%

May$530,596.08$549,418.83$629,380.33

912.3%

June$546,956.50$566,408$650,108

945.7%

July$563,316.92$583,397.17$670,835.67

979%

August$579,677.33$600,386.33$691,563.33

1012.3%

September$596,037.75$617,375.50$712,291

1045.7%

October$612,398.17$634,364.67$733,018.67

1079%

November$628,758.58$651,353.83$753,746.33

1112.4%

December$645,119$668,343$774,474

1145.7%

All Time$555,136.71$574,902.58$660,471.83

962.3%

January$667,167.08$691,240.58$802,526.58

1190.8%

February$689,215.17$714,138.17$830,579.17

1235.9%

March$711,263.25$737,035.75$858,631.75

1281.1%

April$733,311.33$759,933.33$886,684.33

1326.2%

May$755,359.42$782,830.92$914,736.92

1371.3%

June$777,407.50$805,728.50$942,789.50

1416.4%

July$799,455.58$828,626.08$970,842.08

1461.5%

August$821,503.67$851,523.67$998,894.67

1506.7%

September$843,551.75$874,421.25$1,026,947.25

1551.8%

October$865,599.83$897,318.83$1,054,999.83

1596.9%

November$887,647.92$920,216.42$1,083,052.42

1642%

December$909,696$943,114$1,111,105

1687.1%

All Time$788,431.54$817,177.29$956,815.79

1439%

January$946,061.92$979,838.83$1,150,786.08

1751%

February$982,427.83$1,016,563.67$1,190,467.17

1814.8%

March$1,018,793.75$1,053,288.50$1,230,148.25

1878.6%

April$1,055,159.67$1,090,013.33$1,269,829.33

1942.4%

May$1,091,525.58$1,126,738.17$1,309,510.42

2006.3%

June$1,127,891.50$1,163,463$1,349,191.50

2070.1%

July$1,164,257.42$1,200,187.83$1,388,872.58

2133.9%

August$1,200,623.33$1,236,912.67$1,428,553.67

2197.7%

September$1,236,989.25$1,273,637.50$1,468,234.75

2261.6%

October$1,273,355.17$1,310,362.33$1,507,915.83

2325.4%

November$1,309,721.08$1,347,087.17$1,547,596.92

2389.2%

December$1,346,087$1,383,812$1,587,278

2453%

All Time$1,146,074.46$1,181,825.42$1,369,032.04

2102%

January$1,387,378.67$1,426,572.58$1,647,465.92

2549.9%

February$1,428,670.33$1,469,333.17$1,707,653.83

2646.7%

March$1,469,962$1,512,093.75$1,767,841.75

2743.5%

April$1,511,253.67$1,554,854.33$1,828,029.67

2840.3%

May$1,552,545.33$1,597,614.92$1,888,217.58

2937.1%

June$1,593,837$1,640,375.50$1,948,405.50

3033.9%

July$1,635,128.67$1,683,136.08$2,008,593.42

3130.7%

August$1,676,420.33$1,725,896.67$2,068,781.33

3227.5%

September$1,717,712$1,768,657.25$2,128,969.25

3324.3%

October$1,759,003.67$1,811,417.83$2,189,157.17

3421.1%

November$1,800,295.33$1,854,178.42$2,249,345.08

3517.9%

December$1,841,587$1,896,939$2,309,533

3614.7%

All Time$1,614,482.83$1,661,755.79$1,978,499.46

3082.3%

January$1,912,592.58$1,975,978.17$2,362,093.25

3699.3%

February$1,983,598.17$2,055,017.33$2,414,653.50

3783.8%

March$2,054,603.75$2,134,056.50$2,467,213.75

3868.4%

April$2,125,609.33$2,213,095.67$2,519,774

3952.9%

May$2,196,614.92$2,292,134.83$2,572,334.25

4037.4%

June$2,267,620.50$2,371,174$2,624,894.50

4122%

July$2,338,626.08$2,450,213.17$2,677,454.75

4206.5%

August$2,409,631.67$2,529,252.33$2,730,015

4291.1%

September$2,480,637.25$2,608,291.50$2,782,575.25

4375.6%

October$2,551,642.83$2,687,330.67$2,835,135.50

4460.1%

November$2,622,648.42$2,766,369.83$2,887,695.75

4544.7%

December$2,693,654$2,845,409$2,940,256

4629.2%

All Time$2,303,123.29$2,410,693.58$2,651,174.63

4164.3%

January$2,753,723.75$2,916,544.25$3,019,295.17

4756.4%

February$2,813,793.50$2,987,679.50$3,098,334.33

4883.5%

March$2,873,863.25$3,058,814.75$3,177,373.50

5010.6%

April$2,933,933$3,129,950$3,256,412.67

5137.7%

May$2,994,002.75$3,201,085.25$3,335,451.83

5264.9%

June$3,054,072.50$3,272,220.50$3,414,491

5392%

July$3,114,142.25$3,343,355.75$3,493,530.17

5519.1%

August$3,174,212$3,414,491$3,572,569.33

5646.3%

September$3,234,281.75$3,485,626.25$3,651,608.50

5773.4%

October$3,294,351.50$3,556,761.50$3,730,647.67

5900.5%

November$3,354,421.25$3,627,896.75$3,809,686.83

6027.7%

December$3,414,491$3,699,032$3,888,726

6154.8%

All Time$3,084,107.38$3,307,788.13$3,454,010.58

5455.6%

Roughly five years from now, aka 2030, Bitcoin’s price will see an explosion to the upside, with an all-time high of $774,474 in the aforementioned year. In the same period, BTC could reach a low of $465,154.42. Based on CoinGape predictions, the average price of BTC in 2050 is between $2.9 million and $3.3 million.

Investors should note that these long-term predictions can change and, hence, should be taken with a grain of salt.

Bitcoin Price Analysis: BTC Likely to Hit $200,000

The short-term Bitcoin price chart, like 1-hour, 1-day, shows noise. Charles Edward of Capirole Fund illustrated this in his recent X post. In this tweet, Edward suggested that Bitcoin’s monthly chart has a massive upside potential. According to his thesis, a monthly candlestick close above the previous all-time high (ATH) often leads to four-to-seven-month consecutive up-close monthly candlesticks. This bullish thesis makes sense despite the limited data, considering that BTC consolidated for seven months. 

According to Edwards, Bitcoin is “just warming up,” and “at least 4 massive monthly candles” could follow.

BTC/USD 1-month chartBTC/USD 1-month chart
BTC/USD 1-month chart

Supporting this outlook and showcasing that the bull run has just begun is the Google Trends result for the “Crypto” keyword. The search volume for crypto is just above the March 2024 levels, which is well below the 2021 peak.

Crypto Google TrendCrypto Google Trend
Crypto Google Trend

With retail investors yet to arrive, Bitcoin forecasting at least four bullish monthly candlesticks suggests that $100,000 is just the beginning. During peak bull run, BTC could hit $200,000.  This cycle top could form around October 2025, as the Mars Vesta Bitcoin cycle thesis noted.

To add more credence to this outlook, Charles Edwards notes how Gold’s market capitalization increased by $3.8 trillion in just 16 weeks. Comparing Gold’s massive uptick with Bitcoin, Edwards added, “It wouldn’t be surprising to see $200K Bitcoin in 4-12 weeks.”

The founder of Capriole Fund goes on to note that this target is contingent on Bitcoin price producing “a strong $100K breakout.” To conclude, Edwards compares how Bitcoin is superior to Gold in aspects like liquidity, and fungibility and how BTC is a divisible asset that trades 24/7.



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