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
price
jumped
3%
in
the
last
24
hours


to
trade
at
$60,716

as
of
04:02
a.m.
EST
on
trading
volume
that
skyrocketed
46%
to
$29
billion.

This
comes
as
Zach
Pandl,
managing
director
of
research
at
fund
management
giant
Grayscale
Investments,
said
that
Bitcoin
will
skyrocket
in
future
regardless
of
the
outcome
of
the
upcoming
US
election.

Bitcoin
Price
Is
Set
For
A
Rebound

The
Bitcoin
price
has
been
on
a
downtrend
since
it
hit
its
all-time
high
of
$73,737
in
March,
trading
within
a
falling
channel
pattern,
data
from


GeckoTerminal

shows. 

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

The
Relative
Strength
Index
(RSI)
seems
to
be
rebounding
from
the
neutral
zone
and
surging
towards
the
overbought
region,
currently
at
50.
This
is
an
indication
that
buyers
are
buying
and
also
preparing
to
buy
more
as
the
RSI
moves
in
equilibrium.

If
the
buyers
enter
into
more
positions
at
this
level,
BTC
could
soar
above
the
falling
channel,
as
they
target
$75,000
in
the
long
term.

However,
the
price
of
Bitcoin
still
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
a
signal
that
the
bears
could
take
control. 

In
such
a
scenario,
if
BTC
breaches
the
$57,328
current
support,
it
could
fall
to
the
next
major
support
at
$54,174.

Traders
interested
in
diversifying
with
other
cryptos
might
want
to
consider
the
new
ICO


Crypto
All-Stars
(STARS),
which

prominent
YouTuber
Jacob
Bury
says
has
10X
potential
after
launch.

Crypto
All-Stars
Presale
Secures
Over
$572K
in
Just
One
Week
–
A
Must-Buy
Meme
Coin?

Crypto
All-Stars

is
making
waves
in
the
crypto
community,
having
raised
over
$572k
in
its
first
week
of
presale.
This
innovative
project
is
reviving
the
meme
coin
sector
by
introducing
a
unique
utility:
passive
income
generation
through
unified
staking.

The
standout
feature
of
Crypto
All-Stars
is
its
MemeVault
protocol,
which
allows
holders
of
popular
meme
coins
like
Dogecoin
($DOGE)
and
Pepe
($PEPE)
to
stake
their
tokens
together.

This
means
that
investors
can
earn
rewards
in
the
native
$STARS
token,
simplifying
the
staking
process
for
multiple
meme
coins.

The
project
has
been
audited
by
Coinsult
and
SolidProof,
adding
a
layer
of
security.
????

Plus,
the
developer
is
publicly
known
–
a
rarity
in
the
crypto
world,
boosting
credibility.

—
web3telepath
(@web3telepath)

August
15,
2024

The
platform
supports
an
array
of
meme
tokens,
including
Shiba
Inu
($SHIB),
Floki
($FLOKI),
and
Bonk
($BONK),
with
plans
to
add
more
coins
soon.
This
unified
staking
mechanism
not
only
streamlines
the
process
but
also
enhances
the
potential
for
passive
income.

Currently,
investors
can
take
advantage
of
a
stratospheric
annual
percentage
yield
(APY)
of
around
2,684%
by


staking
their
acquired
coins.

With
the
presale
price
of
$STARS
at
just
$0.0013966,
now
is
the
ideal
time
to
secure
your
investment.
The
price
will
increase
in
less
than
3
days
so
interested
investors
should
buy
soon
to
secure
the
best
deal.

You
can


purchase
$STARS
directly
from
the
project’s
official
website
here

using
ETH,
BNB,
or
credit
cards. 

Related
News