As Bitcoin (BTC) eyes a massive $61 trillion market cap, as forecasted by VanEck, the whole crypto market stands to enjoy parabolic surges. Such an explosive surge in BTC’s valuation would trigger ripple effects across the altcoin space.
Experts say Dogecoin (DOGE) will continue rising considerably while FXG Guys ($FXG) might dominate the crypto space due to the many impressive features and components it offers. Here are the near-term projections for these tokens!
VanEck Predicts Bitcoin to Hit $2.9 Million and $61 Trillion Market Cap
Among the many forecasts about Bitcoin’s price in the coming years, VanEck’s prediction stands out. According to their prediction, Bitcoin could become an important component of the international monetary system by 2050. The report speculated that BTC might facilitate 10% of international trade settlements and 5% of local trade.
Bitcoin’s mass adoption would be boosted by central banks holding BTC as a reserve asset, helping integrate it with global financial systems. Thus, Bitcoin could ultimately represent 2.5% of international currency reserves, competing with major fiat currencies.
VanEck stated that 26 years from now, Bitcoin will reach a market cap of a staggering $61 trillion. If that happens, Bitcoin’s price will rise to $2.9 million per coin. Bitcoin’s valuation must increase over 5600% from the current $1.137 trillion to reach this target.
Such a massive move is also expected to push altcoins higher, resulting in a crypto boom in the coming decades.
On September 11, 2024, Bitcoin was trading at $57,608.97, down 0.88% in the past week. Analysts believe BTC will rise to $61,200.14 this month, supported by increased buying pressure.
Dogecoin’s Strong September Momentum Signals Potential Breakout
Dogecoin recorded a strong bullish momentum in September 2024, fueling speculations about its imminent breakout. The significant price increase may also mean the altcoin season is about to start.
Other altcoins seem to be following Dogecoin’s lead, especially after Elon Musk endorsed the token.
Furthermore, one crypto analyst, Guru Vedas, said that the current DOGE rally may result in a massive price surge that may catalyze an altcoin boom. Vedas highlighted that DOGE has crossed above a long-term bearish trend line, which was a major resistance for several months. The analyst expects the breakout to send DOGE toward the $0.125 and $0.146 levels.
On September 11, Dogecoin was trading at $0.102, up 3.83% in the past week. As the crypto market recovers from the August slump, experts say DOGE will continue rising in the coming months.
In case VanEck’s prediction on BTC becomes true, DOGE will also follow to reach $560.25 by 2050.
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FXGuys Emerges as a Top DeFi Platform with Innovative Features
The decentralized finance (DeFi) space boasts a new platform that offers investors many investment opportunities. FXGuys, a decentralized FX platform, dominates the DeFi space despite being in its presale phase.
This platform has exclusive features and runs on advanced technology, enhanced with privacy and security features. In that context, FXGuys has an operating model that empowers investors with tangible capital and real rewards.
Also, FXGuys has a large stock of tradable products that focus on the community’s needs. The platform’s analytical tools and funded accounts publish learning resources and news to help investors invest wisely and earn significant profits.
A closer look reveals that the platform is fueled by a utility token, $FXG, which lets holders enjoy governance voting rights. Furthermore, $FGX holders are offered access to various rewards and benefits on the platform, making their trading experience worthwhile.
The project is committed to operating legitimately, and Soken has audited the $FXG smart contract. Investors also prefer $FXG because of its increased privacy since it has no KYC checks.
Interestingly, simulated evaluation challenges for the FXGuys Trader Funding Program will be implemented in Stage 4 of the presale. Once the evaluation is complete, the project will go live after completing Stage 6.
FXGuys email subscribers purchased all seed funding round $FXG tokens at $0.010, and the price increased to $0.015 after the project transitioned to the current private sale stage.
$FXG’s official Stage 1 public sale starts within ten days. In that context, seed funding round investors have already made 50% profit and will see their earnings rise to 200% ROI when $FXG transitions to Stage 1 at $0.030.
FXGuys Will Dominate Market Despite Bitcoin’s Massive Forecast
The potential for Bitcoin to reach VanEck’s projected $61 trillion market cap could help transform the whole crypto landscape. Such a massive market movement would help push Dogecoin and FXGuys to new heights.
In such a case, DOGE would enjoy exponential growth. Despite all these developments, $FXG will dominate the crypto market once it lists on mainstream markets!
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