Maryama 🎩 🎭
@maryama
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Pentoshi, a renowned cryptocurrency analyst, has predicted that Bitcoin (BTC) and Ethereum (ETH) will see a significant price increase in the near future.
The analyst, who has over 834,000 followers on the social network X, believes that Bitcoin, which is currently trading in the $105,000 range, will reach $180,000 by 2026.
He also predicted that Ethereum will soon reach $4,800.
Pentoshi stressed that this price increase will occur independently of Donald Trump’s policies towards cryptocurrencies. 15 replies
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Changpeng Zhao, founder and former CEO of the cryptocurrency exchange Binance, said at the Bitcoin 2024 Abu Dhabi conference that Bitcoin’s market cap could surpass gold. He said in an interview that gold’s supply is difficult to determine, while Bitcoin’s fixed code, portability, and transactability offer key advantages.
Zhao added that Bitcoin’s value could surpass gold’s estimated market cap of $16 trillion, which would mean more than $850,000 per bitcoin based on 19.7 million coins in circulation.
CryptoSlate says that with gold’s market cap nearing $17 trillion, Bitcoin would need to surpass $876,000 to close the gap.
Currently, Bitcoin’s market cap is less than $2 trillion. Zhao noted that relying on old metrics to value new assets leads to underestimating Bitcoin’s potential. 11 replies
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In the past 24 hours, the cryptocurrency market witnessed a wave of liquidations worth $1.52 billion, driven by the sudden drop in the price of Bitcoin. According to data from Coinglass, the majority of this amount was related to long positions. Bitcoin hit a daily low of $94,129 and then recovered to around $97,000. Ethereum also suffered $134.50 million in liquidation, falling to $3,510. Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Cardano (ADA) also saw significant price declines. Binance accounted for the largest share of liquidations with $417.65 million. Despite these sharp fluctuations, the crypto fear-greed index remains in the extreme greed zone. 14 replies
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