VanEck predicted that Bitcoin could reach $180,000 within 18 months with friendly regulation and increased institutional interest.
Global investment manager VanEck has once again reiterated his prediction that Bitcoin could reach $180,000 at its current cycle peak.
VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel noted in their Nov. 21 Bitcoin report that the next phase of the crypto bull market is “just beginning.” The increasingly friendly regulatory environment in the U.S. and increasing institutional interest could propel Bitcoin (BTC) to $180,000 in the next 18 months, the analysts suggested.
Analysts have said that Trump’s election victory is one of the main reasons why Bitcoin’s price has surged to $99,800 in the last 24 hours. At the time of writing, Bitcoin was trading at $98,500, according to TradingView data. This price puts Bitcoin just 1.5% away from breaking its all-time high of $100,000.
High Funding Rates and Signs of Overheating
VanEck analysts noted that Bitcoin entered a “new phase” as of November 11, with funding rates on perpetual futures contracts exceeding 10%.
“This shift signals strengthening short- to medium-term momentum. Historically, higher funding rates have been associated with increased bullishness and demand reflected in 30- to 90-day yields,” they said.
However, if funding rates remain high, the market could become less attractive to long-term (1-2 years) investors, analysts said.
“Purchases made on days when funding rates exceed 10% begin to underperform on average over the 180-day period. This trend becomes more pronounced over the 1-year and 2-year periods,” they emphasized.
Several analysts speaking to Cointelegraph expect Bitcoin to trade at or “well above” $100,000 by the end of the year. However, current market conditions suggest that some experts believe Bitcoin could easily surpass $100,000 within the next week.
Coin Chart and Upside Potential:👀
Current Price and Performance:🎉
The coin’s current price is around $0.0086 and is up 9.98% over the last 24 hours, indicating that the cryptocurrency is gaining positive momentum in the short term.
Technical Analysis:
- Resistance Levels: COS has the potential to move towards resistance levels such as USD 0.00836 and USD 0.00991. In particular, staying above USD 0.00713 might increase the chances of reaching these resistance levels.
- Support Levels: If the price declines, the first support level to watch would be $0.00713. Lower support is historically located at $0.00509.
Market Sentiment and Predictions:
- According to the shares made on the X platform, some users stated that COS has a profit potential of 50% in the medium term. In addition, one user mentioned the potential for COS to delete a zero, which expresses a long-term big rise expectation.
- Analysts predict that COS could rise higher, especially in line with the rise of Bitcoin or with general optimism in the market.
Upward Expectations:
- In the Short Term: COS, which is currently in an uptrend, may make a move towards the 0.0090 USD level.
- In the medium term: If market conditions are favorable, it can achieve a gain of 30% or more as predicted by analysts.
- In the Long Term: As interest in Web3 projects increases, COS has the potential to reach levels such as 0.0650 USD that it has reached in the past.
Things to Consider:
- Remember that the cryptocurrency market is highly volatile, so you should adjust your investments according to your risk tolerance.
- Ecosystem Developments:
- The Contentos ecosystem continues to expand with new DApps and partnerships. In particular, the launch and development of applications such as COS.tv contribute to the growth of the ecosystem.
- The platform's goal is to promote decentralization in content production and distribution and offer a more equitable revenue distribution model by using the advantages of blockchain technology.
- Investment and Purchase:
- COS coin is traded on major cryptocurrency exchanges like Binance. Investors can purchase COS through these exchanges.
Contentos (COS) is a blockchain platform developed to create a decentralized ecosystem for digital content production and sharing. Here are some of the infrastructure and innovations Contentos offers:
- Decentralized Content Ecosystem: Contentos offers an environment where content creators and consumers can interact directly without intermediaries. This gives content creators more control over their work and a fair distribution of their earnings.
- Content Creation and Distribution: The platform rewards content creation, distribution, storage and verification processes with COS tokens. This incentivizes users to produce content and improves content quality.
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