Bitcoin Price Hits $70K As VanEck Eyes $3M BTC By 2050, But Analysts Say Consider This ICO For Staking Rewards On DOGE, SHIB, And PEPE

The
Bitcoin
price
surged
almost
5%
in
the
last
24
hours


to
trade
at
$70,851

as
of
00:16
a.m.
EST
on
trading
volume
that
skyrocketed
149%
to
$45.7
billion.

This
comes
as
fund
management
giant
VanEck
Bitcoin
says
Bitcoin
will
become
a
reserve
asset
held
by
central
banks
and
used
in
global
trade,
helping
its
price
surge
to
$3
million
by
2050.
That
would
meant
BTC
appreciating
by
an
average
16%
annually
over
the
next
26
years.

BREAKING:
VanEck
predicts

#Bitcoin
will
be
used
in
global
trade
and
become
a
reserve
asset
worth
$3
million
by
2050.

VanEck
also
projects
central
banks
making
a
2%
allocation
to

$BTC

16%
year
on
year
growth
for
26
years.????

pic.twitter.com/g7uBJ6nwQu

—
Radar????
(@RadarHits)

October
28,
2024

Bitcoin
Price
Aims
At
Sustaining
The
Bullish
Stance

The
Bitcoin
price
has
been
in
a
bullish
rally
since
August,
as
the
bulls
capitalized
on
the
$53,760
support
to
propel
the
token
towards
a
bullish
rising
channel
pattern,
according
to
data
from


GeckoTerminal.
With
the
price
now
trading
within
the
channel’s
upper
boundary,
the
price
of
Bitcoin
is
set
for
a
continued
rally.

With
the
rally,
BTC
now
trades
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
which
further
supports
the
bullish
rally.
The
50-day
SMA
has
now
crossed
above
the
200-day
SMA,
which
has
formed
a
bullish
golden
cross
at
$63,268,
further
cementing
the
bullish
prospects
of
the
asset.

The
Relative
Strength
Index
(RSI)
is
at
66,
which
is
close
to
the
overbought
zone
(above
70)
but
still
within
a
range
that
allows
room
for
upward
movement.
This
rising
RSI
aligns
with
the
breakout,
confirming
increasing
buying
pressure.

The
Moving
Average
Convergence
Divergence
(MACD)
line
(blue)
is
currently
above
the
signal
line
(orange)
and
trending
upwards,
suggesting
strong
bullish
momentum.
Furthermore,
the
histogram
bars
are
positive
and
expanding,
which
further
confirms
the
bullish
crossover
and
the
possibility
of
continued
upward
price
action.

Bitcoin
Price
Prediction

According
to
the
BTC/USD
chart
analysis
on
the
1-day
timeframe,
The
Bitcoin
price
has
been
in
a
sustained
bullish
rally,
which
the
bulls
aim
to
continue
pushing
as
they
capitalize
on
the
major
technical
indicators.
If
the
rally
continues,
BTC
could
soar
as
the
bulls
target
$80,000.

Conversely,
if
the
bears
take
control
of
the
price,
BTC
could
plug
slightly
to
the
$63,740
and
$63,292
levels,
which
coincide
with
the
50-day
SMA
and
200-day
SMA,
respectively.

Meanwhile,
investors
looking
for
diversification
opportunities
may
want
to
consider


Crypto
All-Stars
(STARS),
an
innovative
new
ICO
that
has
raised
over
$2.8
million.

According
to
ClayBro,
a
prominent
crypto
analyst
on
YouTube
with
over
130K
subscribers,
$STARS
has
the
potential
to
soar
10X
after
its
launch.

Crypto
All-Stars
Presale
Secures
Over
$2.8
Million
–
Best
Crypto
to
Buy
Now?

C͏rypto
All-S͏t͏a͏r͏s

is
a
revolu͏t͏ion͏ar͏y
project
that
enables
investors
to
stake
multiple
top
meme
coins
on
one
platform
for
the
first
time,
earnings
rewards
in
STARS
tokens.

It
makes
this
possible
via
its
innovative
M͏emeVault
eco͏syste͏m,
which
after
STARS
launches
will
enable
the
staking
of
11
meme
coins:
Pepe,
Dogecoin,
Shiba
Inu,
Floki,
Brett,
Mog
Coin,
Milady,
Turbo,
Toshi,
Coq
Inu,
and
Bonk.
More
meme
coins
will
be
added
in
the
coming
months.

Why
Is
Everyone
Excited?

In
its
initial
presale
phase,
Crypto
All-Stars
raised
over
$350k!
????

This
early
success
shows
that
investors
see
BIG
potential
here.
????

Could
this
be
the
next

$PEPE?
????

—
web3telepath
(@web3telepath)

August
15,
2024

The
project
also
has
a
unique
design,
bringing
an
8-bit
retro
aesthetic
for
its
meme
coin
mascots.

You
can
also
earn
passively
through

the
project’s
native
staking
mechanism,
which
offers
a
huge
546%
annual
percentage
yield.

You
can
buy
the
token
now
for
$0.0015309.
But
the
price
will
increase
in
about
two
days,
so
act
fast
to
lock
in
the
best
deal.

Purchase
$STARS
from
its
official
website
here
using
BNB,
USDT,
or
a
bank
card.

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