Bitcoin Price Prediction: As Grayscale Says BTC Will Skyrocket Regardless Of US Election Result, This New ICO Smashes Past $500K In A Week

The Bitcoin worth jumped 3% within the final 24 hours to commerce at $60,716 as of 04:02 a.m. EST on buying and selling quantity that skyrocketed 46% to $29 billion.

This comes as Zach Pandl, managing director of analysis at fund administration big Grayscale Investments, mentioned that Bitcoin will skyrocket in future whatever the final result of the upcoming US election.

Bitcoin Worth Is Set For A Rebound

The Bitcoin worth has been on a downtrend because it hit its all-time excessive of $73,737 in March, buying and selling inside a falling channel sample, knowledge from GeckoTerminal reveals. 

With the worth of Bitcoin having retested the $70,000 resistance, the BTC bulls are aiming to propel the worth to the resistance and soar greater.

The Relative Power Index (RSI) appears to be rebounding from the impartial zone and surging in direction of the overbought area, presently at 50. This is a sign that patrons are shopping for and in addition getting ready to purchase extra because the RSI strikes in equilibrium.

If the patrons enter into extra positions at this stage, BTC might soar above the falling channel, as they aim $75,000 in the long run.

Nonetheless, the worth of Bitcoin nonetheless trades beneath each the 50-day and 200-day Easy Shifting Averages (SMAs), a sign that the bears might take management. 

In such a state of affairs, if BTC breaches the $57,328 present assist, it might fall to the subsequent main assist at $54,174.

Merchants considering diversifying with different cryptos may need to take into account the brand new ICO Crypto All-Stars (STARS), which outstanding YouTuber Jacob Bury says has 10X potential after launch.

Crypto All-Stars Presale Secures Over $572K in Simply One Week – A Should-Purchase Meme Coin?

Crypto All-Stars is making waves within the crypto neighborhood, having raised over $572k in its first week of presale. This modern venture is reviving the meme coin sector by introducing a novel utility: passive revenue era by unified staking.

The standout function of Crypto All-Stars is its MemeVault protocol, which permits holders of common meme cash like Dogecoin ($DOGE) and Pepe ($PEPE) to stake their tokens collectively.

Which means that buyers can earn rewards within the native $STARS token, simplifying the staking course of for a number of meme cash.

The venture has been audited by Coinsult and SolidProof, including a layer of safety. 🔒

Plus, the developer is publicly identified – a rarity within the crypto world, boosting credibility.

— web3telepath (@web3telepath) August 15, 2024

The platform helps an array of meme tokens, together with Shiba Inu ($SHIB), Floki ($FLOKI), and Bonk ($BONK), with plans so as to add extra cash quickly. This unified staking mechanism not solely streamlines the method but additionally enhances the potential for passive revenue.

At present, buyers can benefit from a stratospheric annual proportion yield (APY) of round 2,684% by staking their acquired cash.

With the presale worth of $STARS at simply $0.0013966, now’s the best time to safe your funding. The worth will enhance in lower than 3 days so buyers can purchase quickly to safe the perfect deal.

You possibly can buy $STARS immediately from the venture’s official web site right here utilizing ETH, BNB, or bank cards. 

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