Bitcoin, Soon an ATH of 70,000: Investors also FOMO These 5 Cryptos

The crypto market is currently booming with BTC reaching new records since 2021. At the same time, investors are also interested in other projects to multiply their profits on the markets.

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Bitcoin, soon an ATH at $70,000

Bitcoin reached a remarkable milestone at the start of the week, reaching a new annual high. Since Monday, the crypto has gained more than 20% on the markets and its value has settled around $60,000.

This is a level that crypto has not reached since November 2022. This positive dynamic is mainly supported by the enthusiasm around Bitcoin Spot ETFs in the United States.

As BFM TV points out, record trading volumes on the Grayscale and Blackrock ETFs were recorded with respectively $2.4 billion and $1.3 billion in just 24 hours.

Additionally, notable figures like Michael Saylor , with his massive Bitcoin acquisition, are helping to grow interest in crypto. Recently, over 3,000 BTC were purchased by Microstrategy and Saylor to make it known that he had no plans to sell his bitcoins, regardless of how the market behaves in the future.

Soon the $70,000 before the April halving?

With Bitcoin’s recent performance, many investors are anticipating that the cryptocurrency could reach a new high before its next halving. Currently, the Bitcoin price sits approximately 14% below its all-time high (ATH) of $69,000, reached in November 2021.

Bitcoin ATH soon reached

It is important to note that the next halving is planned in approximately 49 days, in April. Historically, this event has often led to a significant increase in the price of Bitcoin on the markets.

However, this increase may occur sooner than expected due to current market dynamics. In 2023, several industry players had already predicted that 2024 would be an explosive year for Bitcoin.

A report published by VanEck last December suggests that BTC could reach $80,000 in 2024, a prediction supported in particular by the adoption of exchange-traded funds (ETFs) based on Bitcoin as well as the anticipated effect of halving .

The next significant target is resistance at $61,000, marking a crucial milestone for the cryptocurrency’s upside.

The next assets favored by investors

Aside from Bitcoin, investors are also buying some more explosive alternatives so as not to miss the opportunity to grow their portfolios (FOMO).

1. Green Bitcoin (GBTC): an ecological alternative to Bitcoin currently on presale
   Green Bitcoin is an initiative that parodies the original Bitcoin by offering a platform issued on the Ethereum blockchain and much more ecological. Indeed, the project is based on the proof-of-stake consensus and boasts of being 10,000 times more ecological than Bitcoin.

The concept of Green Bitcoin is based on Green Staking Gaming which consists of staking GBTC, the project’s native crypto, and predicting the movement of the price of Bitcoin on the markets in order to reap rewards.

Currently, GBTC is in the pre-sale phase and has already exceeded $1 million raised. During the event the GBTC token can be purchased, but also staked in order to benefit from an APY of 261%.

More than 2 million tokens are already part of the project’s staking pool. At the time of writing, the unit price of GBTC is around $0.498 . This price will be revised upwards in less than 4 days during the next stage of the presale.

2. Solana (SOL): new records in sight?
   After having had an encouraging year in 2023, Solana continues its positive momentum. Despite a slightly complicated month of February on the markets, the blockchain continues to expand and register more and more users.

The SOL token, for its part, has seen an increase of 16% on the markets over the last 30 days. At the time of writing, its price sits around $103, 55% below its ATH set in November 2021 at $260.

3. Smog Token (SMOG): the next Bonk of the Solana blockchain
   Smog Token is a memecoin issued on the Solana blockchain that parodies the dragon Smaug from the novel The Hobbit written by JJR Tolkien. The project was launched on February 7 and has seen an increase of around 10% over the last 30 days.

Although initially a memecoin of Solana, Smog can also be purchased on Ethereum. A staking offer is also available on the crypto with an APY of 42%. For now, SMOG has more than 30,000 holders and a market cap of around $60 million.

In addition, the project also launched an airdrop option in partnership with the Zealy platform to reward the first 10,000 participants . Simply connect to the official Smog website and go to the Airdrop tab to complete the various quests offered. Around 600,000 quests have already been made and more than 8,000 participants have already been registered.

4. Worldcoin: Sam Altman’s nugget that surprises investors in 2024
   Worldcoin is a project aimed at creating a universal digital identity through iris scanning, without requiring personal data or a traditional KYC process .

The project uses gadgets called Orbs to scan irises and uses the WLD token as native crypto, to facilitate transactions and interactions within its ecosystem.

Worldcoin was co-founded by Sam Altman , the CEO of Open AI, the company behind the development of the artificial intelligence tool Chat GPT. After its launch in 2023, Worldcoin received a lot of criticism, but already seems to be rising in investor esteem with the explosion of the AI ​​crypto narrative.

Over the past 30 days, WLD has gained more than 200% in the markets . A performance which can also be explained by the advent of Sora, a new tool developed by OpenAi which will allow videos to be generated from text.

5. Sponge V2: the play-to-earn game currently performing on Polygon
   Sponge V2 is the upgrade of the Sponge memecoin which exploded in May 2023 in the markets. Despite the bearish environment that prevailed during this period, Sponge managed to reach around $100 million in terms of market cap in less than a month.

Likewise, the crypto was listed on more than 10 major industry exchanges and was even held by a wallet supposedly owned by billionaire Justin Sun. Last December, Sponge decided to adopt a new utility by directing its ecosystem towards play-to-earn games with the Sponge V2.

This crypto, now issued on Polygon, has reached more than 50,000 holders and has seen an increase of around 51% over the last 30 days.

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(Featured image by DavidMcBee via Pexels)

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