Bitcoin is falling brutally, with major investors getting out and investing in altcoins instead. But which cryptocurrency are top investors currently interested in? We reveal the major investors’ favorites.
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Will Bitcoin Rise Again?
How low will Bitcoin fall now? The cryptocurrency had just lost the $62,000 mark and is now trading at just $61,680! Michaël van de Poppe (@CryptoMichNL), a top trader with nearly 800,000 followers on X (formerly, Twitter), warns his followers: “Expect some further downside in Bitcoin, after which I think we will hit the bottom within a week.”
Poppe’s forecast: Bitcoin will pick up liquidity in the area around $61,000 and then move upwards again.
It is therefore quite possible that the setback is just a temporary lull and that the Bitcoin price will soon recover. However, there is an overarching development that speaks against this, because:
As CoinShares reports here, Europe’s largest asset manager for digital assets, institutions are currently abandoning Bitcoin and Ethereum in droves — and investing in altcoins.
CoinShares reports the “largest outflows since March” — in total, major investors in digital investment products have withdrawn a significant amount of money, $435 million.
“For the third week in a row, there were outflows from digital investment products totaling $435 million, representing the largest outflows since March this year. ETP trading volume fell to $11.8 billion last week compared to $18 billion the previous week, while Bitcoin price fell 6%.”
What’s surprising here is that while many large investors are exiting Bitcoin, some altcoins are seeing inflows. What’s more: Many institutions don’t just rely on a single altcoin, but on several.
CoinShares explains:
“A wide range of altcoins saw inflows, with investors opting for multi-coin investment products coupled with regular favorites Solana, Litecoin, and Chainlink.”
Multi-coin investment products recorded inflows of $7 million, Solana $4 million, Litecoin $3 million, and Chainlink $2.8 million. You can find CoinShares’ complete crypto analysis here.
So Solana, Litecoin, and Chainlink are the favorites of large investors. But how sensible is an investment for small investors? What should be taken into account here is that in order to generate attractive profits with these already large-capitalized altcoins, large investment amounts are usually necessary. Sums that only institutions can usually raise.
Which Cryptocurrency Will Explode in 2024?
The reason: The 3 altcoins mentioned have already risen by thousands of percent! This significantly reduces the potential for further growth. To compensate for this situation, larger investment amounts are necessary.
Many people are therefore switching to cheap cryptocurrencies with low market capitalization. Small investors also find a more attractive risk-return potential with new cryptocurrencies in presales.
These new coins are sold in a so-called ICO at a fixed price, and only then do the cryptocurrency exchange listings take place. This ensures a certain level of planning security, as the invested capital is not decimated by a correction the next day.
For example, 99Bitcoins (99BTC) is currently just before the magical $1 million mark: The promising new cryptocurrency has already raised a whopping $977,000 in the presale, illustrating the demand for serious, potentially sustainable projects.
The concept: “Learn to Earn,” the latest crypto trend! Background: 99Bitcoins is an established learning platform for crypto content. For more than a decade, the portal has been providing crypto beginners and advanced users with all kinds of content designed to help you become a successful crypto investor.
Now 99Bitcoins is taking the next step – and is launching an associated token, 99BTC. On the one hand, this serves as a reward system for completing educational content, but it also unlocks exclusive premium content.
Not to forget the potential return, because 99Bitcoins (99BTC) should also be listed on major cryptocurrency exchanges after the presale and develop corresponding upward potential. Top crypto influencer Jacob Bury, for example, believes a potential tenfold increase in value.
Forecast for 99Bitcoins
$99BTC is a new crypto token issued by 99Bitcoins, a popular cryptocurrency education platform. The token is currently in the pre-sale phase and offers a unique “learn-to-earn” concept that rewards users for learning cryptocurrencies.
99Bitcoins has a large established user base and reputation in the crypto space, which will potentially drive the adoption of the 99BTC token. However, since the token is still in an early stage of development, precise predictions are difficult.
$99BTC price prediction
The crypto market is very volatile and depends on a variety of factors. In the case of $99BTC, there is even less data available for an accurate prediction because the token is not yet traded on any exchange.
However, we can make some educated guesses based on the token’s potential and general market trends.
Short Term (2024): If the presale is successful and 99Bitcoins effectively implements a strong marketing and adoption strategy, the price of 99BTC could reach $0.005 to $0.01 by the end of 2024.
Medium Term (2025-2026): With increasing adoption, listings on major exchanges, and successful partnerships, $99BTC could potentially reach $0.02 to $0.05 by 2026.
Long Term (2027-2030): If $99BTC successfully expands its ecosystem, continues to attract a large user base, and benefits from the overall growth of the crypto market, the price could potentially reach $0.10-$0.50 by 2030.
It is important to note that these price predictions are highly speculative and are based on a number of assumptions. The actual performance of $99BTC could be significantly higher or lower than these estimates. Investors should always conduct their own research and base their investment decisions on a sober assessment of the risks and potential opportunities.
| Year | Predicted price |
|---|---|
| 2024 | 0.005-0.01 US dollars |
| 2025 | 0.02-0.05 US dollars |
| 2030 | US$0.10-0.50 |
Should you trade 99bitcoins short term or hold long term?
$99BTC is a new token with an innovative learn-to-earn concept but supported by the established 99bitcoins platform.
Since the project is now in presale, the decision to trade $99BTC short-term or hold long-term depends on individual investment goals and risk tolerance.
Short term trading
Short-term trading is suitable for investors who want to benefit from price fluctuations during the volatile introductory period. However, this requires active market observation and quick decision-making.
It also brings with it higher risks. Although it offers the potential for quick profits, which can be very stressful and requires a good understanding of market dynamics and risk management.
- Suitable for investors who want to benefit from price fluctuations in volatile introductory phases
- Requires active market observation and quick decision-making
- Possesses higher risks, but also offers the potential for quick profits
Long-term holding
Investors who recognize the long-term potential of the $99BTC token and believe in the Learn2Earn concept are likely to want to hold the token for longer.
- Allows investors to weather periods of uncertainty and bet on gradual appreciation over time
- Requires patience
- Provides the opportunity to benefit from possible future developments and milestones of the project
Of course, investors can always combine both approaches by allocating a portion of $99BTC for short-term trading to take advantage of market opportunities, while reserving another portion for long-term growth potential.
Regardless of the approach you choose, it is crucial that you only invest amounts that are acceptable for loss and that you practice strict risk management. Crypto markets are very volatile and prices can fluctuate significantly within a short period of time.
Every investment decision should be based on thorough research. Consider the fundamentals of the project, the team, and the roadmap.
| Short-term trading | Long-term holding | |
|---|---|---|
| Objective | Quick profits from market fluctuations | Long-term increase in value |
| Risk level | High, due to market volatility | Lower because it is less affected by short-term fluctuations |
| Time expenditure | High, requires constant market monitoring | Lower, less active management |
| Market knowledge | A deep understanding of the market required | A basic understanding of the market sufficient |
| Capital commitment | Short term, flexibility in the system | Long-term, capital tied up over a longer period of time |
| Emotional aspect | Can be more stressful due to constant market monitoring | Lower emotional stress, less affected by daily fluctuations |
| fees | Transaction fees can reduce profits | Fewer transactions, lower fees |
| Tax considerations | Realization of short-term capital gains | Long-term capital gains can be more tax-efficient |
Should you invest in 99Bitcoins?
$99BTC is a promising token with a unique learn-to-earn concept. The renowned platform 99Bitcoins recently launched its own cryptocurrency project to incentivize learning about cryptocurrencies.
This unique approach, coupled with 99Bitcoins’ strong reputation and over 2.8 million users, positions the $99BTC token as a potential contender in the crypto industry.
Key highlights of 99BTC:
- Learn2Earn: Users earn $99BTC tokens by completing educational modules and quizzes.
- Over 2.8 million Users: 99Bitcoins has a loyal community that provides a solid foundation for launching $99BTC.
- Staking Rewards: Token holders can earn an additional $99BTC by staking their tokens, increasing the token’s utility.
The token is still in the pre-sale phase and its price hasn’t been established yet. However, getting started early can ensure a higher return (potential return can be more specific).
Overall, $99BTC represents an interesting opportunity for investors who want to get involved in the crypto education sector and the potential of the learn-to-earn concept. However, as with any investment, careful consideration of the risks and potential rewards before making a decision is essential. While 99Bitcoins’ good reputation gives the project a strong chance of success, remember to do your own research before investing.
