Speculators are increasingly focusing on whether Bitcoin will reach the $100,000 mark. Proponents of its supposed role as a modern store of value view the six-figure level as a symbolic rebuttal to the skeptics' position, who see little benefit in cryptocurrencies and condemn their connections to money laundering and criminal activity.

"Bulls" are referred to as crypto traders who take advantage of the growing market to make a profit. Their goal is to buy an asset at a lower price in order to sell it at a higher price.

To achieve this, they open long positions (aimed at buying), meaning they are going long on the asset, which is why "bulls" are also called longists. As one might guess, the profit of such traders depends on how much the chosen asset will increase in value.

The challenge faced by these traders is not to miss out on profits in the pursuit of the highest price. Out of greed, they may miss the moment of reversal when the trend changes and the asset's value decreases below the purchase level.

Due to the lack of regulation in the cryptocurrency market in most countries, schemes for manipulating exchange rates such as pump&dump have spread on cryptocurrency exchange services. As with the stock market, there are two parties involved in the scam — the promoter trader and the investor trader.

Experts from QCP Capital stated that as soon as the Bitcoin dominance index falls to 58%, a 'real altcoin season' will begin in the market. QCP Capital believes that some investors are still not ready to give up on plans to invest in the first cryptocurrency.

Happycoin.club - Recent pump and dump of Dogecoin (DOGE) caused significant losses for options traders of the meme-based cryptocurrency.
On November 19, a bullish rally resumed in the Dogecoin market, and within a few hours, the coin appreciated by 11%. However, the upward trend quickly fizzled out, and the asset's price plummeted by 10%, dropping below the level recorded before the pump.
These fluctuations had a significant impact on the options market. Due to the sharp price jumps, long positions on DOGE worth $14 million were liquidated, and short positions worth $13.8 million were also liquidated. Traders who opened both longs and shorts incurred approximately equal amounts of losses.

The popularity of AI tokens and meme coins, as well as the growth of altcoin market capitalization, signal the approach of a new alt season. These two factors lay the foundation for sustainable growth in the medium term.

The cryptocurrency market often attracts traders with its volatility. A ten percent price change in a day is no longer surprising. Even a hundred percent increase in the price of some altcoin has become a common occurrence. If a newly minted investor rushes to buy such a rapidly growing asset, hoping to make a few "x's" on it, they may end up losing money, as the price is likely to drop sharply the very next day. With a high degree of probability, the culprit will be pump and dump — a well-known trick set up by professionals to profit from newcomers.

An AI model capable of generating spaceships, backgrounds, and other decorations will be created for the series related to the game on Ethereum. This is reported by Decrypt.

The upcoming sci-fi television show "Space Nation" is being developed based on the MMORPG game Space Nation Online, which operates on the L2 network Immutable zkEVM. It is being developed under the direction of Roland Emmerich (director of "Independence Day", "2012", and "Stargate") and Marco Weber (producer of "Igby Goes Down" and "The Thirteenth Floor").

During the exploration of AI applications, the team received presentations from major startups like OpenAI, but chose to decline the offers. Instead, they turned to the company Cybever, which will create a neural network specifically for the project.

Over the past weeks, there have been regular news reports about the growth of altcoins. Dogecoin and Ripple showed the most significant results, but this was a consequence of a pump organized by communities on social networks. The very next day after the rapid growth, the charts of these coins collapsed, and many investors were left without profit or with a loss. It is obvious that the growth of the altcoin market is not caused by an artificial pump in the price of some coins with small capitalization. This is a complex process, the reasons for which are both the transfer of capital from BTC to other coins and institutional investments

The price of bitcoin has reached 93 thousand dollars for the first time in history, gaining more than 115% since the beginning of the year.

In November 2024, the market capitalization of bitcoin exceeded 1.8 trillion dollars. The coin by market value surpassed silver, and at certain moments — even the oil giant Saudi Aramco. Thus, bitcoin became the seventh largest asset by capitalization in the world.

Due to the significant rise of the meme coin sector in 2024, the total capitalization of which has increased to nearly $120 billion (a sevenfold increase since the beginning of the year), it may seem that such growth rates are sustained across the entire cryptocurrency market. And even despite the overall growth of the cryptocurrency capitalization as a whole, which exceeded $3 trillion, according to Coinmarketcap in mid-November, Bitcoin's yield outpaces that of most major cryptocurrencies.

We are currently seeing signs of an altcoin rally, with certain altcoins performing well while Bitcoin remains the dominant force in the market.

However, altcoin rallies are often shorter and involve only a few standout altcoins. These rallies tend to occur after a significant move in Bitcoin, with investors switching to specific altcoins that show great potential.

There is a global race for Bitcoin now. Whether you are a local, state or federal government official, you need to figure out how to get as many Bitcoins on your balance as possible. It is not like gold, where we can just dig up more metal from the ground. The race for Bitcoin is primarily caused by the devaluation of the US currency, which has lost about 25% of its purchasing power over the past five years." The businessman believes that Bhutan and El Salvador have chosen the right policy for accumulating the first cryptocurrency, and now the risks of Bitcoin falling below the psychologically important mark of $75,000 are practically minimized.
Earlier, Anthony Pompliano said that the first cryptocurrency has received the status of the main tool for increasing financial stability among such large companies as MicroStrategy, MetaPlanet and Semler Scientific.

Are Altcoins Really Ready for a Rise and Worth Investing in Now?

While an altcoin season seems unlikely due to the prevailing negative market sentiment, other indicators point to a possible altcoin rally. Martin noted that in the summer of 2020, when BTC was at a similar level, its price suddenly increased sixfold, leading to an increase in value from $10,000 to $60,000 per token in the second half of the year.

He views this precedent as an important signal, suggesting that altcoins may now be in the . This, in his opinion, points to a potential opportunity for traders to profit by acquiring undervalued altcoins before the market can rally.

The US has allowed the launch of exchange-traded funds for investing in bitcoin. Why is this event called epochal for the entire cryptocurrency industry? And how much can the value of bitcoin now grow?

Wood predicted the first cryptocurrency at $1.5 million in a bullish scenario by 2030. She made this statement on the first day of trading in spot bitcoin ETFs approved by the SEC.

That same month, the CEO of ARK Invest revealed that she keeps about 25% of her financial capital in digital gold. She noted that her portfolio is “almost entirely tied to innovation,” including cryptocurrencies.

In May, Wood predicted a 10-fold increase in El Salvador’s GDP during the five years of the new presidency of Nayib Bukele. She noted that this will be facilitated by the acceleration of economic reforms in the country with the help of bitcoin and artificial intelligence.

Recall that in November, after the election of Donald Trump as US President, the CEO of ARK Invest predicted an influx of investments in cryptocurrencies and new technologies after the “changing of the guard” at the SEC and FTC.

The mood in the cryptocurrency market is an important factor that influences trading. In this case, mood is the emotional component of all market participants. It determines what decisions investors and traders make, where the price of an asset will move, whether the trend will change. The mood of the crypto market is influenced by many factors, from macroeconomic to political.

The technology is available to everyone

Bitcoin is an open project. It does not belong to anyone and anyone can contribute to its development - add code, create their own cryptocurrency based on Bitcoin, create a company.

One example of such an open source company is the Linux Foundation. This is a non-profit company for the development of the Linux operating system. There is no specific person, director or CEO behind it - it is a community of people. Users decided to create a consortium to add value to the product and develop it together.

It is because of the incomparable capitalization that the stock and crypto markets differ in their reaction to news. For example, it is difficult to imagine that the problems of one, even a large, company will lead to an uncontrolled fall in the entire stock market. In the crypto market, one can see completely opposite situations. For example, the collapse of Terra Luna led to a significant (almost 10%) decrease in the rates of even top cryptocurrencies. And after the announcement of the bankruptcy of the FTX exchange in November 2022, the market, including Bitcoin, updated its lows, destroying the hopes of many participants for a quick end to the bearish trend.

Cryptocurrency Market Cycles as a Forecasting Tool
Cryptocurrency market cycles are the periods between peaks and troughs. Cycles are common to all financial markets, not just cryptocurrency. They are natural sequences that occur over and over again over time.