4 Altcoins Under $0.1 With 5000% Potential in 2025

Discover 4 altcoins under 0.1 USDT, including DOGE, SHIB, MTAUR, and FTM, with potential for 5000% surge by 2025.
With the crypto market preparing for the next bull run, cheap altcoins are on the rise as the next big opportunities. Below are four altcoins priced at less than 0.1 USDT that, could generate up to 5000% benefits by 2025 for buyers who want to surge their holdings.

Dogecoin (DOGE): Meme Coin Power with Bullish Momentum
Dogecoin which is presently priced at 0.39 USDT is still among the leading cryptocurrencies in circulation. Analysts including Master Kenobi have set their price target at 2.8 USDT within this bull market cycle.

Shiba Inu (SHIB): Meme Coin with Surging Utility
Shiba Inu (SHIB) which is priced at below 0.00001 USDT has surged beyond being a meme coin. Shibarium, Layer-2 network that has provided the ecosystem with scalability, and ShibaSwap that has introduced facilities like staking, yield farming as well as token exchange. At press time, SHIB was priced at 0.0000242 USDT, a 7% decline from the intra-day high.

Minotaurus (MTAUR): Blockchain Gaming’s Rising Star
Minotaurus (MTAUR) is relatively a new entrant in the blockchain game industry and is currently priced at 0.00006003 USDT during the presale stage. The token fuels the Minotaurus ecosystem that includes purchasing in-game items, purchasing avatars and unlocking additional features.

Fantom (FTM): A Strong Player in DeFi and dApps
Fantom (FTM), priced at 0.95 USDT, has been a standout performer in November with a 48% rally in market value. Known for its fast and scalable blockchain, Fantom powers a surging number of decentralized applications (dApps) and DeFi platforms.

Turning $750 into $1500000: In 2021 It Was Shiba Inu, In 2023 Pepe Coin, Which Penny Token Will Be the Next?

There are exciting success tales abound in the realm of cryptocurrencies; some little investments can become life-changing sums. Meme coins have lately gained especially notoriety for their dramatic price swings, which turn early investors into billionaires.
Shiba Inu (SHIB) was the token that made a meager $750 investment pay off to generate $1.5 million. Two years later, Pepe Coin ($PEPE) had a comparable rise. Now, a fresh cryptocurrency is attracting investors’ attention: Rexas Finance (RXS), which has great potential returns and is likely to follow Shiba Inu and Pepe Coin.

Shiba Inu (SHIB) in 2021
Originally a meme coin meant as a lighthearted substitute for Dogecoin, Shiba Inu began as such. But in 2021 it surged in value, being among the most often discussed cryptocurrencies of the year. Thanks to viral social media advertising, celebrity sponsorships, and the general crypto market boom—which helped the coin get traction—the price of SHIB shot through.

Explosive Rise of Pepe Coin in 2023
Another meme coin shocked the crypto scene in 2023: Pepe Coin ($PEPE). Launched in April 2023 during the depths of the crypto winter, Pepe Coin started trading silently and few people anticipated it would be the next major trend. But the token burst in value a few weeks later.
Rexas Finance (RXS): The Next Penny Token with Millionaire-Maker Potential
These days, the emphasis is on Rexas Finance (RXS), a new cryptocurrency many think might copy the success of Shiba Inu and Pepe Coin. At under $0.09 right now, Rexas Finance is positioned as the next great prospect for anyone looking for life-changing profits.

This Public Company's Stock Price Just Doubled After Revealing Bitcoin Buying Plan

Yet another publicly traded company says it's going all in on Bitcoin—and immediately reaped the benefits.

SOS Ltd, a China-based cloud computing and crypto mining firm, announced on Wednesday morning that it plans to buy $50 million worth of BTC. Within minutes, the company’s stock shot up over 97%, to $13.81, nearly doubling in price.

The NYSE-traded stock, SOS, has since fallen to $12.79—still up 84% on the day.

“This move highlights SOS Ltd. efforts to expand digital asset investments,” the company said in a statement. “SOS believes Bitcoin is not only a cornerstone of the digital asset ecosystem but also has the potential to become a key global strategic reserve asset.”

In the weeks following Donald Trump’s re-election in the United States, Bitcoin’s price has exploded, reaching a new all-time high price above $99,000 last Friday. This spike has led several publicly traded companies to invest heavily in the world’s top cryptocurrency.

Those moves have already paid off handsomely. Rumble, a right-leaning video streaming platform, announced a $20 million Bitcoin treasury on Monday; the company’s stock is up nearly 17% since last week. Earlier this month, the AI firm Genius Group released plans to buy $120 million worth of the world’s top cryptocurrency, sending its stock soaring 79% on the news.

All of those companies are arguably following the example of MicroStrategy, the decades-old software company which began aggressively buying up digital gold back in 2020. At present, the company owns some $37.6 billion worth of BTC, a treasure trove that constitutes 1.84% of the token’s total potential global supply.

Since buying its first Bitcoin four years ago, MicroStrategy's stock price has ballooned by over 2,397%.

Solana memecoin trader turns $160 into $5.6M with viral token

A Solana-based memecoin trader turned a $160 investment into millions after buying tokens tied to a viral internet meme.

Data from Solana’s blockchain explorer Solscan shows that on Nov. 15, a wallet made two purchases of the Just a chill guy (CHILLGUY) memecoin.

The trader exchanged 0.50 Solana
SOL
tickers down
$239.85
, worth around $107 at the time, for 9.6 million CHILLGUY tokens on the Solana memecoin generator platform Pump.fun. Hours later, the trader added another 0.246 SOL (about $51) for 2.8 million tokens.

The CHILLGUY token launched on Nov. 15 on the Solana blockchain, riding the wave of the viral “Just a chill guy” meme that gained popularity on social media. The token’s value surged, reaching a peak market capitalization of $643 million by Nov. 27. At the time of writing, the memecoin trades at $0.58.

Blockchain data suggests the trader sold 2.8 million tokens early for 149 SOL, about $35,000 — missing out on a potential $1.6 million profit. However, the trader still holds 9.62 million tokens, now valued at about $5.6 million.

Just a chill guy artist threatens legal action against tokens

While some traders profited from the token’s success, the artist behind the Just a chill guy character has publicly denounced its unauthorized use.

On Nov. 21, the artist, known as PhillipBankss on X, said he had already copyrighted the chill guy character. The artist said he will issue takedowns for for-profit use of the art in the next few days. The artist previously said that he neither endorsed nor consented to the artwork being used in crypto assets.

Despite the artist’s objections, community members on X say enforcement may be challenging. Some said that memecoins based on decentralized and anonymous launches are difficult to regulate or shut down.

Another community member said the memecoin would exist with or without the artist and that the crypto asset is now immortalized on the blockchain

Wondering which memecoin will explode next? Check out our top picks and learn why 888 is the best memecoin to invest in right now during the bull run.
The crypto bull market is back and memecoins are here to change lives.

Whilst quite a statement, it’s undeniable that a sizable amount of millionaire-making memecoins have made their way onto the scene. Be it Dogecoin ($DOGE) leading the way since 2013, pioneering newcomers 888 ($888) and SPX6900 ($SPX), or early-2024 successes Bonk ($BONK) and dogwifhat ($WIF), 100x+ returns have already been made in abundance.

Better yet, Bitcoin is still yet to reach $100,000, signalling that the 2024 bull run – and beyond – has a lot more in store.

With this life changing opportunity on the cards for all global crypto traders, finding the next big memecoin is the question everyone is asking. This is because whilst leading altcoins such as Solana ($SOL), Ethereum (($ETH), and XRP ($XRP) present opportunities to join crypto’s DeFi race, memecoins are an asset class that can gather momentum like no other. The result…life-changing returns for those who do their due diligence.

Therefore, with due diligence at the forefront of all research tasks, we uncover exactly what everyone’s after; the next memecoin to explode.

Of course, there are several contenders, which is why this list explores 5 of the next memecoins to pump in price. Whilst all life-changers in their own rights, coming out on top is a heaven-bound token with luck on its side, 888.

5 Memecoins to Explode in 2024 & 2025
888 ($888) – A Memecoin With Life-Changing Plans
Dogecoin ($DOGE): Memecoin OG Yet to Fulfil its Full Potential
SPX6900 ($SPX): Another Invisible Magnet to the Millions
Bonk ($BONK): A 2024 Success Wanting More
POPCAT ($POPCAT): Another 2024 Success Story
1. 888 ($888) – A Memecoin With Life-Changing Plans
First on our list of contenders for the next memecoin to explode is the holy 888 ($888), an innovative Solana-based memecoin that’s garnered significant organic interest thanks to a unique and globally-resonating meme concept.

Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.

After surpassing $98,000 last week, the cryptocurrency’s value dropped more than 6% in the past 24 hours. The reversal has temporarily dashed hopes of Bitcoin hitting the $100,000 mark this week.

And when Bitcoin sinks, other popular digital assets tend to follow suit. Over the last day, Ethereum — the second-largest coin by market capitalization — was down 5%, to $3,300. Solana fell more than 9%, and Elon Musk’s preferred Dogecoin shed almost 12% in value.

The wider crypto market has sunk 6.25% in the past day for a $3.16 trillion market cap. Bitcoin has driven much of that, alone having a market value of about $1.8 trillion. That makes it the world’s eighth-largest asset, pulling ahead of silver with a $1.7 trillion market cap. Bitcoin still falls well short of gold, which is valued at $17 trillion.

Bitcoin has been on a rally since Trump, who positioned himself as the “crypto candidate,” won a second term in the White House earlier this month. Bitcoin has gained almost 35% in value since the election.

The ascent was accelerated by the debut of Bitcoin ETFs (exchange-traded funds) options last week, which represented a pivotal moment in the cryptocurrency industry. These options bridge the gap between the decentralized world of digital assets and traditional finance by offering institutional investors a more familiar and regulated way to access Bitcoin. The ETFs are expected to drive further adoption and liquidity in the market.

Despite broader acceptance by more traditional investors, the crypto market remains volatile and can rise rapidly — but retreat just as quickly. That may help to explain why the digital asset has shied away from the long-awaited $100,000 milestone after getting so close last week.

Is $10 XRP Price Technically Possible in 2024?

Technicals show that a bullish case for the XRP price can be made. On the weekly chart, the coin has recently made a bullish breakout above $0.9351, its highest level on June 10. This was an important level since it was the neckline of the slanted triple-bottom pattern. Ripple price has also formed a golden cross as the 50-day and 200-day moving averages have crossed each other, while the Average Directional Index (ADX) has pointed upwards. Therefore, the next resistance level to watch will be at $1.97, its April 2021 high followed by its all-time high of $3.54. A break above the all-time high will increase the odds of the coin soaring to the psychological important level at $5. If bulls clear $5, then a move towards $10 will be possible.

XRP needs to rise by almost 800% from the current level to $10. As such, with the year having 41 more days to go, this will be an uphill task to accomplish. The most probable targets for the year will be at most $5, which is a big move from the current level. The bullish view will become invalidated if the coin drops below the psychological level at $0.50, which also coincides with the ascending trendline.

Crypto analysts are also optimistic that XRP price is primed for a strong bullish breakout in the near term, with some expecting it to get to $10. One of the most bullish cases has been that the coin has formed a seven-year bullish pennant, which is characterized by a long flag pole and a symmetrical triangle pattern. In most periods, this pattern leads a strong bullish breakout. In an X post, Crypto Michael, a popular analyst with 55k followers, noted that he was fascinated by Ripple’s seven-year bullish pennant pattern.

Bitcoin Price Prediction 2025

This year, Bitcoin has seen one of the biggest price pumps in its history. Currently ranked as the seventh most valuable global asset, Bitcoin also rivals the market capitalizations of the world’s largest corporations. With BTC price currently traded at almost $100,000, most analysts anticipate the price to exceed this level. Looking ahead, these dynamics suggest that Bitcoin could see substantial growth in 2025, driven by a mix of macroeconomic conditions, institutional participation and seasonal market behavior.

Bitcoin’s price has been conditionally “overheated” in the past when it exceeded its 200-day moving average by 100% or more. This wasn’t the case in March, so there was no “bubble burst.” Instead, the market experienced a typical correction for this volatile asset, followed by a trend resumption. Currently, the gap between the price and the 200-day moving average is even smaller than it was in March — 40% compared to 70%. This suggests that there’s little reason to label the current market a “bubble.” The Bitcoin Seasonality chart currently indicates that BTC is nearing a local peak, coinciding with the $100,000 level. This development is further underscored by a sharp 16% one-day drop in MicroStrategy (MSTR) shares, a reliable leading indicator during Bitcoin's recent rally

Ark Invest bets on Bitcoin: Price prediction 2030 Ark Invest CEO Cathie Wood expressed optimism about Bitcoin's ongoing bull market, citing on-chain analytics and broader market analysis as evidence of its strong position. She reaffirmed her optimistic outlook on Bitcoin, predicting a base price of $650,000 by 2030, with the possibility of reaching as high as $1.5 million under more favorable circumstances. She highlighted that following Bitcoin's halving event in April, the cryptocurrency's supply growth rate dropped to 0.9%.

Here’s Dogecoin Price if Bitcoin Hits $1M as Predicted by Bernstein

Dogecoin exhibits promising potential in a market where Bitcoin trades in the $1 million price range.

In the past few weeks, Dogecoin has effectively capitalized on Bitcoin’s momentum in the ongoing bull market. At press time, Dogecoin is trading above $0.42 following a 213% price surge over the last four weeks.

Meanwhile, Bitcoin’s value has advanced by 45% during this time, hovering around $97,000. With Bitcoin expected to crack the $100,000 mark in the coming days and potentially rise to even loftier price ranges, market participants, particularly retail investors, are increasingly taking positions in Dogecoin to benefit from the buoyant market.

Dogecoin Price if Bitcoin Hits $1M

Estimating Dogecoin’s precise value if Bitcoin reaches $1 million is challenging. However, assuming proportional price growth alongside Bitcoin’s, a 930% increase from Dogecoin’s current value of $0.4250 would raise its price to around $4.38.

While this is a rough estimation, it likely underestimates Dogecoin’s potential in a market where Bitcoin is worth $1 million.

Some market analysts believe that even a $10 price for Dogecoin is possible in the current market season, let alone by 2033, when Bitcoin is expected to reach $1 million.

Furthermore, Dogecoin has historically outperformed Bitcoin by a significant margin. For example, Bitcoin has risen by 131% in the past year, while Dogecoin has surged by 380% during the same period.

This suggests that rather than merely mirroring Bitcoin’s 930% growth to $1 million, Dogecoin could experience growth at a rate four times that, potentially bringing its price to nearly $20.

7 Altcoins That Will Hit a $10 Billion Market Cap in the Coming Bull Run

Today, the global crypto market is worth over $3.4 trillion, with many predicting $5 trillion by year's end. As investors brace for the next bull run, some low-cap altcoins are seeing exponential growth. Seven of them stand out as strong competitors for the desired $10 billion market cap.

Rexas Finance (RXS)
Rexas Finance introduces a novel approach to real-world asset (RWA) tokenization using blockchain. As an asset tokenization pioneer, Rexas Finance bridges conventional and decentralized finance.

Pepe Coin (PEPE)
Pepe Coin has grown in popularity as a meme coin, but its fundamentals are stronger than they appear. Pepe is trading at $0.00002 as of this writing, demonstrating resiliency in a tumultuous market. The coin just achieved an all-time high trading volume of $5.4 billion, thanks to whale accumulation and exchange listings on Coinbase and Robinhood.

Sui (SUI)
The native token of the Sui Network, SUI has seen a notable increase and peaked in November at $3.92 all-time.

Aptos (APT)
Aptos (APT) has recaptured its Q1 levels and is trading at $11.79 as of writing, with a market cap of $6.4 billion.

ChainLink (LINK)
Chainlink is trading at $14.71 as of this writing, with a market cap of $9.3 billion. The coin has broken out of an extended consolidation zone, and technical analysis shows it could surge above $35.

Stellar (XLM)
Stellar has grown by 160% in the past months. Currently trading at $0.20 with a market cap of $7.4 billion as of writing, the token has established a positive "Adam & Eve" pattern by surpassing important resistance levels.

Litecoins (LTC)
One of the first cryptocurrencies, Litecoin, looks set to mount a notable rally. Trading at $82 with a market capitalization of $6.7 billion as of writing, LTC has gained consistently since its use in peer-to-peer payments makes sense.

Peter Schiff reveals who pumped Bitcoin (BTC) to $99,180 Bitcoin's outstanding rally to the high of $99,180 on Friday, Nov. 22, garnered attention not only from the flagship crypto's aficionados, but also from its critics. Thus, Peter Schiff, Bitcoin's very vocal opponent, took to social media to comment on the BTC price surge, attributing it primarily to MicroStrategy's aggressive acquisition strategy. Schiff noted that MicroStrategy raised $3 billion through convertible debt in order to increase its Bitcoin holdings. He suggested that this capital influx may have propelled the crypto's price upward. Concluding his X post, Schiff wrote that the game will end when MicroStrategy "runs out of dreamers willing to lend it money and buy its overpriced shares." Peter Schiff is known for his frequent attacks on Bitcoin; he consistently labels it a speculative bubble, highlighting the significant role that institutional players, like MicroStrategy, influence BTC's price dynamics. Despite the current rally and high trading activity, Schiff's comments highlight the possible risks of price fluctuations if demand from large investors decreases or economic conditions shift. XRP failed skyrocketing: $2 ready? Last weekend, the market saw XRP breaking through the $1.50 resistance and briefly reaching $1.60. However, the excitement was short-lived as sellers pushed the price back below $1.15, suggesting a possible fakeout, a scenario where the price appears to be on a sustained trend after breaking above or below a critical level, but then it quickly reverses course. XRP's inability to maintain levels above $1.50 might indicate diminishing buying power or an overextended rally, leading to increased volatility as traders reevaluate their holdings. The $1.50 level remains a key resistance point, and a consistent breakout beyond this could set the stage for XRP to potentially reach $1.80 or $2.

Dogecoin Foundation Reveals 2025 Ambition: Details

The Dogecoin Foundation, a nonprofit organization developing open-source products for the Dogecoin ecosystem, recently declared an ambitious target for 2025. Since 2021, the Dogecoin Foundation has stated that its goal has been to increase the adoption of Dogecoin as a useful currency for everyday payments. It proposes to do this by developing the infrastructure and tools required for businesses worldwide to adopt Dogecoin and exploring ways to make Dogecoin more scalable and efficient as a global means of exchange for all humanity. In keeping with this goal, Dogecoin is working on various projects that benefit the Dogecoin community.

Dogecoin Foundation reveals 2025 ambition The Dogecoin Foundation says it plans to continue its open-source work in 2025, particularly through the new Dogebox Decentralized Infrastructure System, which is the culmination of development across many projects and the vehicle it envisions for onboarding the first million grassroots retailers to accept Dogecoin as a direct payment layer.

Shiba Inu (SHIB) Millionaire Moves Into Rival Priced at $.09, Confident It Will Reach $10 in the Next 77 Days

Once the poster child for the meme coin craze, Shiba Inu (SHIB) enthralled investors with its explosive ascent and encouraged hopes of huge riches.

The Decline of Shiba Inu (SHIB)

Declining whale activity has undermined Shiba Inu’s market appeal; this typically acts as a barometer for the state and potential of an asset.
Introducing Rexas finance (RXS)

While Shiba Inu battles to remain relevant, Rexas Finance has become a lighthouse for those looking for actual value and growth possibilities. Approaching $0.10 during its presale, the RXS token has enthralled the crypto community with its innovative method of tokenizing actual assets such as real estate, artwork, and commodities.

The Shiba Inu millionaire’s switch to Rexas Finance shows a larger awareness of the declining returns from speculative assets such as SHIB. Currently, in its sixth presale level, Rexas Finance provides an entrance point for merely $0.08 per token. The initiative is fast gathering steam, with over 188 million tokens traded and $11.34 million already raised out of a $12.2 million goal. At $0.20, RXS tokens are planned to launch on three main exchanges in early 2025, offering a 150% gain to stage 6 investors. Still, the confidence of the millionaire goes well beyond this transient return on investment.

The Future of Rexas Finance (RXS)

Projects like Rexas Finance are positioned to flourish as the larger Bitcoin industry develops by providing actual answers for world problems. Its emphasis on RWA tokenization—a sector about to upend established finance—means that RXS is not only riding the wave of the next bull run but also creating a niche that will be important long after the hoopla passes. The move of the Shiba Inu millionaire emphasizes the change in market attitude from speculative to utility-driven assets.

Sudden Panic Sparks $200 Billion Bitcoin And Crypto Price Crash

The bitcoin price has crashed toward $90,000 per bitcoin, down from almost $100,000 on Monday. The crypto price correction has wiped around $200 billion from the combined $3.2 trillion market.

Now, after a leak revealed a huge Wall Street earthquake could hit bitcoin next year, traders are nervously eyeing how low the bitcoin price could fall after crypto billionaire Michael Novogratz warned it could drop to $80,000 before bouncing back.

"There’s a ton of leverage in the system right now," Novogratz, the chief executive of crypto financial services company Galaxy Digital, told CNBC. "The crypto community is levered to the gills, and so there will be a correction."

Novogratz predicted the bitcoin price could drop back to around $80,000 per bitcoin but said he didn't expect it to fall under this level—where it was trading ahead of Trump's presidential election victory that signaled a "paradigm shift" for crypto regulation.

"The entire cabinet almost owns bitcoin, and are proponents of digital assets," Novogratz said of the incoming Trump administration, adding he believes it's inevitable that bitcoin eventually crosses the $100,000 per bitcoin level.

The cryptocurrency market has faced a significant downturn today, influenced by a combination of macroeconomic and market-specific factors:
1. Bitcoin and Market-Wide Losses: Bitcoin (BTC) fell below $94,000, and Ethereum (ETH) also saw declines, signaling cautious sentiment. However, some altcoins like Lido DAO (LDO) and Arbitrum (ARB) experienced gains, showing mixed performance across the market  .
2. Liquidations and Volatility: Over $280 million in crypto liquidations were recorded in the past 24 hours, with most of them involving long positions. This selling pressure further drove prices down, exacerbating the downtrend .
3. Impact of Federal Reserve Policies: The ongoing effects of tighter monetary policy by central banks, including higher interest rates, have reduced liquidity in financial markets. This has made risk assets, including cryptocurrencies, less attractive to investors .
4. Correlation with Stock Markets: Cryptocurrencies remain closely linked to broader equity markets, particularly tech stocks. As the stock markets face pressure from geopolitical uncertainties, inflation concerns, and economic tightening, crypto markets are similarly impacted  .

Overall, today’s downturn reflects broader macroeconomic uncertainties and internal market dynamics, including high leverage and volatility. While some altcoins have shown resilience, the general trend remains bearish.

Several cryptocurrencies are being highlighted as potential candidates for significant growth in 2024, alongside established leaders like Bitcoin and Ethereum. Here are some notable options experts are discussing:
1. Bitcoin (BTC): Bitcoin remains the cornerstone of cryptocurrency, with upcoming catalysts such as the April 2024 halving and the potential approval of U.S. spot Bitcoin ETFs. These events could reduce supply and increase demand, possibly driving prices to new highs, particularly during an anticipated U.S. recession【15】【17】.
2. Ethereum (ETH): Ethereum continues to innovate, with upcoming upgrades like EIP-4844 enhancing its Layer 2 scalability. Its dominance in decentralized applications (dApps) and decentralized finance (DeFi) positions it as a solid long-term bet【15】【17】.
3. Solana (SOL): Known for its speed and low transaction costs, Solana is predicted to become one of the top blockchains in terms of transaction volume and market cap. Its expanding ecosystem, including new technologies like the Pyth price oracle, could further boost adoption【16】【17】.
4. Polkadot (DOT): Polkadot’s interoperability features, allowing seamless blockchain connectivity, make it a strong contender for growth. Its parachains enable developers to build highly specialized projects, offering long-term potential【16】.
5. Emerging Coins:
• Chainlink (LINK): With its decentralized oracle network bridging real-world data to blockchains, Chainlink is expected to grow as more projects integrate its technology【16】.
• Avalanche (AVAX): Known for high-speed transactions and low costs, Avalanche’s scalability makes it an attractive option for DeFi and NFT platforms【16】.
• SocialFi and Gaming Tokens: Newer areas like SocialFi (social + DeFi) and blockchain-based gaming are emerging sectors. Tokens tied to these niches could gain traction in 2024【17】.

Why crypto is down today – Analyzing key factors behind the downtrend

Bitcoin (BTC) is showing signs of a downtrend, and current market analyses suggest this could be attributed to both technical patterns and broader market conditions. Here are some key points based on expert insights:
1. Technical Factors: Bitcoin’s price has recently formed a “rising wedge” pattern, a bearish technical signal suggesting a potential drop. Additionally, the coin appears overbought, with indicators like the Relative Strength Index (RSI) and Stochastic Oscillator at extreme levels, increasing the likelihood of a correction. Analysts predict a possible retest of support levels around $85,000 if this trend materializes【6】【9】.
2. Profit-Taking and Seasonality: Historically, November has been a strong month for Bitcoin, often followed by weaker performance in December due to profit-taking. Analysts caution that this seasonal trend might lead to further price declines【9】.
3. Macro Trends: On a broader scale, Bitcoin has enjoyed strong momentum recently, reaching new highs following institutional interest and regulatory clarity (e.g., Bitcoin ETFs). While this supports long-term bullish sentiment, short-term corrections are not uncommon in such volatile markets. Predictions for the end of 2024 vary, with potential highs around $110,000 and lows near $92,000
My Opinion:

Bitcoin’s long-term fundamentals remain strong due to increasing institutional adoption and the upcoming halving event’s anticipated impact on supply and demand dynamics. However, the current overbought conditions and seasonal trends point toward a likely short-term correction. For investors, this could represent an opportunity to enter or expand positions during a dip, provided they are prepared for the inherent risks and volatility.

Always monitor technical indicators, macroeconomic trends, and market sentiment before making decisions. If you’re looking to trade or invest, ensuring a balanced strategy and staying informed about market developments is crucial.

Odds of Bitcoin Hitting $100,000 Collapse

The odds of Bitcoin, the largest cryptocurrency, reaching $100,000 this November have plunged to 42% on popular crypto-powered betting platform Polymarket. For comparison, there was a 90% chance of Bitcoin hitting the much-coveted level just three days ago. According to CoinGecko data, the bellwether cryptocurrency reached its current record high of $99,645. After falling short of surpassing $100,000, Bitcoin ended up experiencing a minor correction.

Earlier today, Bitcoin briefly plunged to an intraday low of $94,824 before paring some losses. The cryptocurrency is currently changing hands slightly above the $96,000 level. It is 3.6% away from reclaiming the record high that was reached last week.

However, following the recent correction, Polymarket bettors see only a 25% chance of Bitcoin trading above $100,000 on Nov. 29. The odds of Bitcoin reaching six figures by the end of the year have dropped from a peak of 95% to 79%. During the aforementioned CNBC interview, Novogratz also stated that market corrections were "inevitable." However, the billionaire does not see Bitcoin dropping below the $80,000 level.

Visualizing the Price of Bitcoin vs. Gold Over Time
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Bitcoin has soared to all-time highs of over $90,000, pushing the bitcoin-to-gold ratio close to record levels.

Since Trump’s election victory, bitcoin has surged amid market speculation and economic uncertainty under a pro-bitcoin administration. At the same time, gold has rallied, driven by physical purchases across both central banks and retail investors.

This graphic shows the bitcoin-to-gold ratio, which is the number of troy ounces of gold that one bitcoin can buy, calculated using gold and bitcoin price data from TradingView.

How Much Gold Does One Bitcoin Buy?
Both bitcoin and gold have surged to new all-time highs in 2024. Even if bitcoin has rallied more (119% YTD compared to gold’s 27% YTD), today’s ratio of 35.2 between the cryptocurrency and the precious metal is still below its high of 37 reached in 2021.