Robert Kiyosaki, author of "Rich Dad Poor Dad," said on social media that he expects the price of Bitcoin to reach $100,000 by June 2024. The prediction reflects a well-known economist’s optimistic view on Bitcoin’s future development.
However, investors should realize that this is just a prediction, the market is unpredictable, and the price of any digital asset is affected by a variety of factors, including market supply and demand, policies and regulations, macroeconomic environment, etc. Therefore, despite such predictions, investors should remain cautious and make decisions based on their own risk tolerance and investment objectives.
This week, tokens such as AVAX, ID and DYDX will be unlocked in a one-time large amount, with a total value of more than 400 million US dollars released. Specifically:
AVAX (Avalanche) will unlock 9.54 million tokens at 8:00 on February 22, worth approximately $383 million, accounting for 2.6% of the circulating supply.
ID (SPACEID) will unlock 18.49 million tokens at 8:00 on February 22, worth approximately US$11.58 million, accounting for 4.29% of the circulating supply.
DYDX (dYdX) will unlock 575,000 tokens at 23:00 on February 20, worth approximately $1.78 million, accounting for 0.19% of the circulating supply.
The unlocking of these tokens may have an impact on their prices and market liquidity. The amount unlocked represents a large proportion of the circulating supply and therefore may lead to price fluctuations in the short term. Investors need to pay close attention to these unlocking events in order to adjust their trading strategies in a timely manner and reduce possible risks.
The market value of the US dollar stablecoin USDC has exceeded US$28 billion, reaching US$28,050,552,524, setting a new high in the past three months. This reflects recent increased investor demand for stablecoins, likely as market participants seek a relatively stable digital asset to hedge against market volatility.
USDC is a cryptocurrency pegged to the U.S. dollar, its value is relatively stable, and it is often used for hedging and settlement in digital asset transactions. The increase in market capitalization may reflect investors’ increased perception of risk in the digital asset market and therefore the choice to use stablecoins to preserve value or transfer funds.
Whale investors have accumulated nearly 250,000 Bitcoins this year, worth more than $12.9 billion. According to data provided by Santiment, these Bitcoins are mainly concentrated in whale wallets holding 1,000 to 10,000 Bitcoins. This means that large Bitcoin transactions are taking place, showing the increasing confidence and interest of these whale investors in Bitcoin.
Additionally, activity on these whale wallets has reportedly reached a 20-month high, suggesting they have been more active in trading activity in the near term. This may suggest that these investors are optimistic about Bitcoin’s long-term prospects and are willing to increase their holdings through active buying behavior.
Artificial intelligence-related cryptocurrencies are becoming an important force in the digital currency market. By monitoring nine different AI cryptocurrencies, the report states that their total market capitalization has exceeded $12 billion, which shows investor interest and confidence in this area. Among them, Bittensor (TAO) has the highest market value, reaching US$3.8 billion.
This number highlights the importance of artificial intelligence in the cryptocurrency field and also reflects the market’s optimism for cryptocurrency projects that utilize AI technology. In this rapidly changing digital asset market, investors are increasingly looking for projects based on innovative technology and potential to invest.
I think this is a compelling trend. With the continuous development and application of artificial intelligence technology, cryptocurrencies related to it are expected to further expand their market share. However, investors still need to be cautious when choosing to invest in these projects and conduct in-depth research on the project’s fundamentals and team background to reduce investment risks.
BTC: It closed a spindle line yesterday. It is currently very strong and refuses to pull back. It is above the 5-day moving average. Wait patiently for the 10-day and 20-day moving averages to move upward. The bottom is still rising, fluctuating upward, and will reach new highs at any time. Strong pressure: around 56300;
ETH: Yesterday, it closed a Zhongyang line. The short-term trend is still very strong. The market outlook may be stronger than the market, with further upside and continuous new highs. Strong pressure: around 3345;
Altcoin: Due to the news event released by Openai about the internal testing of Sora, the AI artificial intelligence sector is too crazy these days, and the increase is too large. It is not appropriate to chase higher, but you can be safe. Other weak altcoins still have the opportunity to usher in a strong rebound, just wait patiently.
The panic index is currently 75 (greed)#BTC!
