The fourth quarter has been full of zeal for the crypto space, and to the traders from the space. Several cryptocurrencies in the market have peaked to highs claiming their ATH. The rally of numerous coins has been phenomenal.
Meanwhile, the star crypto is on a bullish momentum and is rising up the hurdles. The popular crypto analyst is expecting BTC price to claim the $100,000 milestone in near future. And expects the crypto market to create newer millionaires.
BTC Price Is Inching Closer to the $100,000 Milestone!
The master of cryptocurrencies has been running an impressive marathon, overcoming hurdles along with its rally. The digital coin has surpassed its ATH, which was due ever since its previous crash. The digital asset has been proving its potential time and again. The coin has risen above the Evergrande Crisis, China’s crackdown, which did slow down its pace.
BTC at press time values at $66,888.65 with a correction of 2.0%. While the market cap is around $1,262,127,737,293. The trading volume for the last 24-hours is at about $36,516,588,324. The star crypto has conquered its all-time high of $68,641.57, the previous day.
The analyst mentions that a daily candle has broken out the triangle towards its ATH. He pens his target of $72,000 levels in the short term, as BTC breaks through its previous resistance. He believes the $100,000 milestone to not be far-off, as it is less than 50% gains from current levels. The analyst expects any motion towards spot ETF in the U.S could lead the price to $98,000 by month-end.
Altcoins Raging Ahead on the Market Charts
While the market leader outperforms its previous movements, altcoins are raging ahead of one another. As the altcoins soar high claiming new price targets, and market. And level up with upgrades and the underlying protocol. The space has seen Solana rising northwards on higher market cap rankings.
Polkadot gearing up with its parachain auctions, which will go live on the 11th of November. Consecutively, users can start backing some of the potential parachains which are currently up for grabs. The second-largest crypto is never out of sight, as major projects, revolving around NFTs, and De-Fi continues to fuel Ethereum. Not to miss out on meme coins which have turned tables of the industry in its favor.
Collectively, it is now known to the masses that. A significant number of retail investors have been moving their holdings out of top-tier coins to high-yielding coins. And then moving the profits back to top coins. Which has resulted in an increase in volumes. On the other hand, several major financial institutions have begun offering access to digital assets.
The analyst also mentions the bond market is valued at about $120 trillion. Gold market cap at $10 trillion, and the dominance of FIAT. Which all together hold a major portion of the monetary fund. The influx of holders from this asset class to the crypto industry would result in enormous growth. Which would influence top coins rising about 10-20X, and lesser-known ones by over 20X.