BTC (Bitcoin) coin is ranked third on Binance as the most searched and most traded coin due to the following factors:
Key Factors
1. *Price Increase*: BTC price has jumped by 1.73% in the last 24 hours, reaching a value of $96,675.79 per coin ¹.
2. *Whale Activity*: Large transactions by large coin holders (whales) increase market speculation and trigger price increases.
3. *Legal Development*: Positive developments in the legal case between Ripple Labs and the United States SEC (Securities and Exchange Commission) increase investor confidence.
Supporting Factors
1. *Payment Technology*: BTC offers a fast and cheap cross-border payment solution.
2. *Established Network*: Bitcoin has been around since 2009 and has a wide network.
3. *Strategic Partnerships*: Partnerships with leading financial institutions and technology companies.
Future Projections
1. *Optimistic*: BTC price could reach $100,000 by 2025 if the legal case goes smoothly and adoption increases.
2. *Moderate*: BTC price could reach $50,000-$70,000 by 2025 with stable adoption.
3. *Pessimistic*: BTC price could fall below $30,000-$40,000 if the legal case does not go smoothly.
Source: Binance ¹, #BecomeCreator #CryptoExplorerFiesta