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High Failure Rate Of Meme Coin Projects Revealed In ...High Failure Rate Of Meme Coin Projects Revealed In New ResearchAccording to CryptoPotato, new research by Chainplay reveals a staggering 97% failure rate for meme coin projects since 2024. The data indicates that meme coins have an average lifespan of just one year, compared to the typical three-year lifespan of other crypto projects. AlphaQuest, a crypto research tool, reports that an average of 2,020 meme coin projects die each month. The study, which analyzed 30,000 projects, highlights the high-risk nature of meme coins, describing them as a rollercoaster of fortunes or a financial minefield. The research also points out the varying mortality rates of meme coins across different blockchain platforms. Base leads with a death rate of 66.91%, followed by Solana at 54.03% and Ethereum at 36.59%. Additionally, over half (55.24%) of meme coins are linked to malicious activities. Despite these risks, meme coins remain appealing to investors seeking quick gains. Nearly 60% of investors in this asset class view them as short-term investments. The study also shows that meme coins have become a significant part of many crypto portfolios, with two-thirds of crypto investors having invested in them at some point. The perception of meme coins varies significantly among investors based on their experience. While 54% of all meme coin investors do not view these assets as essential to their portfolios, nearly 58% of new investors—those active for less than six months—consider them crucial. In contrast, only a third of investors with over a year of experience regard them as must-have assets, suggesting that increased expertise leads to greater caution. The media’s perspective reflects similar caution. The study found that only 13.77% of news reports on meme coins are bullish, indicating a predominantly cautious outlook. Chainplay’s research emphasizes the importance of thorough research into these assets, especially given the high prevalence of scams. Audit reports have proven to be a valuable tool in this regard, correctly predicting whether a meme coin will turn out to be a scam in 81% of cases. The research underscores the importance of due diligence for investors navigating the market within this asset class. #NeziriINK $SOL {spot}(SOLUSDT) $ETH {spot}(ETHUSDT)

High Failure Rate Of Meme Coin Projects Revealed In ...

High Failure Rate Of Meme Coin Projects Revealed In New ResearchAccording to CryptoPotato, new research by Chainplay reveals a staggering 97% failure rate for meme coin projects since 2024. The data indicates that meme coins have an average lifespan of just one year, compared to the typical three-year lifespan of other crypto projects. AlphaQuest, a crypto research tool, reports that an average of 2,020 meme coin projects die each month. The study, which analyzed 30,000 projects, highlights the high-risk nature of meme coins, describing them as a rollercoaster of fortunes or a financial minefield. The research also points out the varying mortality rates of meme coins across different blockchain platforms. Base leads with a death rate of 66.91%, followed by Solana at 54.03% and Ethereum at 36.59%. Additionally, over half (55.24%) of meme coins are linked to malicious activities. Despite these risks, meme coins remain appealing to investors seeking quick gains. Nearly 60% of investors in this asset class view them as short-term investments. The study also shows that meme coins have become a significant part of many crypto portfolios, with two-thirds of crypto investors having invested in them at some point. The perception of meme coins varies significantly among investors based on their experience. While 54% of all meme coin investors do not view these assets as essential to their portfolios, nearly 58% of new investors—those active for less than six months—consider them crucial. In contrast, only a third of investors with over a year of experience regard them as must-have assets, suggesting that increased expertise leads to greater caution. The media’s perspective reflects similar caution. The study found that only 13.77% of news reports on meme coins are bullish, indicating a predominantly cautious outlook. Chainplay’s research emphasizes the importance of thorough research into these assets, especially given the high prevalence of scams. Audit reports have proven to be a valuable tool in this regard, correctly predicting whether a meme coin will turn out to be a scam in 81% of cases. The research underscores the importance of due diligence for investors navigating the market within this asset class.
#NeziriINK $SOL
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𝘿𝙤𝙜𝙨 𝙤𝙣 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙇𝙖𝙪𝙣𝙘𝙝𝙥𝙤𝙤𝙡 𝙄𝙣𝙩𝙧𝙤𝙙𝙪𝙘𝙚𝙙 𝘿𝙤𝙜𝙨 𝙤𝙣 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙇𝙖𝙪𝙣𝙘𝙝𝙥𝙤𝙤𝙡 ! 𝙁𝙖𝙧𝙢 𝘿𝙊𝙂𝙎 𝙗𝙮 𝙎𝙩𝙖𝙠𝙞𝙣𝙜 𝘽𝙉𝘽 𝘼𝙣𝙙 𝙁𝘿𝙐𝙎𝘿 𝙄𝙈𝙋𝙊𝙍𝙏𝘼𝙉𝙏 ↴ Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-08-26 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds! Users will be able to stake their BNB and FDUSD into separate pools to farm DOGS tokens over three days, with farming starting from 2024-08-23 00:00 (UTC). 𝙎𝙩𝙖𝙧𝙩 𝙁𝙖𝙧𝙢 : 2024-08-23 00:00 (UTC) 𝙀𝙣𝙙 𝙁𝙖𝙧𝙢 : 2024-08-25 23:59 (UTC) #dogs #NeziriINK #BinanceLaunchpoolDOGS $BNB {spot}(BNBUSDT)

𝘿𝙤𝙜𝙨 𝙤𝙣 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙇𝙖𝙪𝙣𝙘𝙝𝙥𝙤𝙤𝙡

𝙄𝙣𝙩𝙧𝙤𝙙𝙪𝙘𝙚𝙙 𝘿𝙤𝙜𝙨 𝙤𝙣 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙇𝙖𝙪𝙣𝙘𝙝𝙥𝙤𝙤𝙡 ! 𝙁𝙖𝙧𝙢 𝘿𝙊𝙂𝙎 𝙗𝙮 𝙎𝙩𝙖𝙠𝙞𝙣𝙜 𝘽𝙉𝘽 𝘼𝙣𝙙 𝙁𝘿𝙐𝙎𝘿

𝙄𝙈𝙋𝙊𝙍𝙏𝘼𝙉𝙏 ↴
Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-08-26 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!
Users will be able to stake their BNB and FDUSD into separate pools to farm DOGS tokens over three days, with farming starting from 2024-08-23 00:00 (UTC).

𝙎𝙩𝙖𝙧𝙩 𝙁𝙖𝙧𝙢 : 2024-08-23 00:00 (UTC)

𝙀𝙣𝙙 𝙁𝙖𝙧𝙢 : 2024-08-25 23:59 (UTC)
#dogs #NeziriINK #BinanceLaunchpoolDOGS
$BNB
Solana Meme Coin Leverage Platform Lavarage Launches Tephra Points ProgramAccording to Foresight News, Solana meme coin leverage platform Lavarage has introduced the Tephra Points Program. This initiative aims to incentivize user activities such as trading, staking, and community participation through a series of regular 'missions.' The Tephra Points Program will distribute points based on bi-weekly tasks, with the specifics of each task and point allocation adjusted according to the platform's needs. The first set of tasks (Mission 1) has already commenced, and early participants can check their Tephra points balance on the platform. New users can also accumulate points by engaging in platform activities.Since its public launch at the end of June this year, Lavarage has processed over 5,000 leveraged spot trades. Additionally, the platform offers up to a 40% annualized return on SOL staking. #solonacoin #NeziriINK $SOL {spot}(SOLUSDT)

Solana Meme Coin Leverage Platform Lavarage Launches Tephra Points Program

According to Foresight News, Solana meme coin leverage platform Lavarage has introduced the Tephra Points Program. This initiative aims to incentivize user activities such as trading, staking, and community participation through a series of regular 'missions.' The Tephra Points Program will distribute points based on bi-weekly tasks, with the specifics of each task and point allocation adjusted according to the platform's needs. The first set of tasks (Mission 1) has already commenced, and early participants can check their Tephra points balance on the platform. New users can also accumulate points by engaging in platform activities.Since its public launch at the end of June this year, Lavarage has processed over 5,000 leveraged spot trades. Additionally, the platform offers up to a 40% annualized return on SOL staking.
#solonacoin #NeziriINK $SOL
TON is finally launching on Binance on ....TON is finally launching on Binance on August 8 at 10:00 UTC! 🎉After much anticipation, Binance has announced the listing of TON, bringing new opportunities for the TON ecosystem. 🌐 Investors and traders can expect increased activity around TON tokens, like NOT.📈 The next milestone to watch? TON aiming to break 10$ plus . 30 More min till TON is lunched ... #TONonBinance #NeziriINK #BTC #BinanceAnnouncement

TON is finally launching on Binance on ....

TON is finally launching on Binance on August 8 at 10:00 UTC! 🎉After much anticipation, Binance has announced the listing of TON, bringing new opportunities for the TON ecosystem. 🌐 Investors and traders can expect increased activity around TON tokens, like NOT.📈 The next milestone to watch? TON aiming to break 10$ plus .
30 More min till TON is lunched ...
#TONonBinance #NeziriINK #BTC
#BinanceAnnouncement
Binance Will Support the Injective (INJ) Network Upgrade & Hard ForkFellow Binancians....Binance Will Support the Injective (INJ) Network Upgrade & Hard ForkFellow Binancians,Starting at approximately 2024-08-20 14:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Injective (INJ) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 82,830,000, or approximately at 2024-08-20 15:00 (UTC).Please note:The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.For more information, please refer to the announcement from the project team. Thank you for your support! #Binance Team #İNJ #NeziriINK $INJ {spot}(INJUSDT)

Binance Will Support the Injective (INJ) Network Upgrade & Hard ForkFellow Binancians....

Binance Will Support the Injective (INJ) Network Upgrade & Hard ForkFellow Binancians,Starting at approximately 2024-08-20 14:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Injective (INJ) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 82,830,000, or approximately at 2024-08-20 15:00 (UTC).Please note:The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.For more information, please refer to the announcement from the project team.
Thank you for your support!
#Binance Team
#İNJ #NeziriINK $INJ
BINANCE ANNOUNCEMENT Binance Pay to Move Away from Pay ID Gradually Dear Binancians As Binance conducts regular reviews of its product offerings to focus on products and features that can provide users with the most utility, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC). Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these other available Binance Pay methods for a seamless transition. The decision to cease support for Pay ID will increase the simplicity of Binance Pay and provide a better user experience. Note: Affected Binance Pay products include Send, Send Multiple, Merchant Platform Single Payout, and Merchant Platform Batch Payout. Historical transactions sent or received via Pay ID are retained. Users can continue to access these records from [Pay] > [Transaction History]. Merchant Payout API will continue to support Pay ID until further notice. Users are advised to switch to other available options as soon as possible. There may be discrepancies in the translated version of this original announcement in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. $BTC {spot}(BTCUSDT) #NeziriINK #BinanceAnnouncement

BINANCE ANNOUNCEMENT Binance Pay to Move Away from Pay ID Gradually

Dear Binancians
As Binance conducts regular reviews of its product offerings to focus on products and features that can provide users with the most utility, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC).
Sending and receiving crypto via Binance ID, email, or phone is not impacted.
Users are encouraged to start switching to these other available Binance Pay methods for a seamless transition.
The decision to cease support for Pay ID will increase the simplicity of Binance Pay and provide a better user experience.

Note:

Affected Binance Pay products include Send, Send Multiple, Merchant Platform Single Payout, and Merchant Platform Batch Payout.
Historical transactions sent or received via Pay ID are retained.
Users can continue to access these records from [Pay] > [Transaction History].
Merchant Payout API will continue to support Pay ID until further notice.
Users are advised to switch to other available options as soon as possible.
There may be discrepancies in the translated version of this original announcement in English.
Please reference this original version for the latest or most accurate information where any discrepancies may arise.
$BTC

#NeziriINK #BinanceAnnouncement
TON Foundation and Animoca Brands’ Mocaverse Partner in a $20M Initiative to Support TONAt the end of last year, we announced that Animoca Brands, a leading Web3 gaming and metaverse company, became TON’s largest validator. We knew this was the beginning of something great, but we couldn’t have predicted the consequences of this step, which are now visible across the entire TON Ecosystem. Since then, Animoca Brands, with its portfolio of over 450 companies, embraced the TON infrastructure and the amazing TON Community and dedicated significant energy, time, and resources to boost TON’s adoption and highlight its potential as the go-to infrastructure for GameFi and Web3 gaming. Now, half a year later, this partnership is progressing to the next level as we team up with Animoca Brands' Mocaverse and MOCA Foundation to drive cross-ecosystem growth and establish TON as a premier platform for content, gaming, and community. TON x Animoca Brands x MOCA TON Foundation, Mocaverse, and MOCA Foundation agreed to create a $20M MOCA Coin and Toncoin reserve, which will be used to incentivize developer and user adoption of the TON ecosystem through joint incentives like The Open League, hackathons, and accelerator programs. The funds will leverage our combined ecosystems and incentivize cross-functional development aimed at boosting development and user activity. TON Foundation and MOCA Foundation will utilize go-to-market and token resources to facilitate user cross-pollination across the foundations’ respective ecosystems. With this partnership, Animoca Brands and Mocaverse will actively promote the benefits of launching and integrating with the TON blockchain for their partners developing gaming projects. "TON's vision of freedom of interaction aligns strategically with Animoca Brands' focus on digital property rights,” said Steve Yun, TON Foundation council President. “This partnership validates that TON has become the platform of choice for games and social apps. The reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain. We are excited to take a leap with Animoca Brands towards widespread adoption of blockchain applications." TON Society ID TON Society ID will be a decentralized identity credential that allows 500 million TON users by 2028 to use governance power based on the TON blockchain. It will enable the community to build a true and meaningful digital identity through a reputation system within the TON Society's new community governance framework. Governance will not only involve voting on proposals but also finding consensus through open debate, and participation in the TON Society ID is entirely opt-in and 100% the user's choice. The TON Society ID system will be a mutually beneficial program for founders to identify active users and for users to gain value by generating content related to their favorite applications. Mocaverse is the marquee consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands. Under this partnership, Mocaverse will support the development of a reputation scoring system on TON and will contribute to the TON Society ID by sharing data from their gaming and content systems, as well as providing tech support. At the epicenter of the Animoca Brands ecosystem, Mocaverse owns the Web3 identity and PointFi system, where Moca NFT holders and Moca ID users can seamlessly navigate and engage across and beyond 400+ rewarding experiences from Animoca Brands’ investment portfolio with on-chain proof of reputation. With the integration of the Moca ID, TON Society ID will benefit from the rich on-chain content and community. “The collaboration between Mocaverse, TON Foundation, and MOCA Foundation is an exciting milestone on our shared mission of Web3 mass adoption and the advancement of digital property rights,” Yat Siu, Executive Chairman and co-founder of Animoca Brands. “The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects.” Through mutual development, each ecosystem will receive an injection of new tools and users, as well as funds, furthering our mutual goal of large-scale Web3 user adoption. Animoca Brands, their portfolio companies, and Moca Network will provide the consumer layer of content focused on culture and entertainment to the TON Ecosystem, the Web3 infrastructure of Telegram, with over 900 million active users. About TON Society TON Society is a grassroots global movement supporting the TON Community with growth systems and events. TON Society creates local activists and engaged communities dedicated to using blockchain technology as a positive force for change in the world. TON Society is a global organization building local communities across nine hubs in CIS, Europe, SEA, and the Middle East. Up to 16 online and offline events are held monthly across all local hubs. TON Society aims to find and incubate community leaders to help decentralize the access to and ownership of TON's most valuable public assets -- and lead the world toward a fairer internet. About MOCA Foundation MOCA Foundation is a community-owned foundation that aims to supercharge Mocaverse’s network effects for culture and entertainment. Its mission is to empower unity and collaboration and to be at the forefront of innovation in governance, culture, and growth. It serves as the platform to build the largest interoperable cultural economy in the Web3 space powered by MOCA Coin. It supports the growth of Moca DAO, an upcoming “DAO of DAOs” where members will take the lead in co-creating MIPs and engaging in cross-DAO empowerment through unique delegation models. ​ $TON #NeziriINK {spot}(TONUSDT)

TON Foundation and Animoca Brands’ Mocaverse Partner in a $20M Initiative to Support TON

At the end of last year, we announced that Animoca Brands, a leading Web3 gaming and metaverse company, became TON’s largest validator. We knew this was the beginning of something great, but we couldn’t have predicted the consequences of this step, which are now visible across the entire TON Ecosystem.
Since then, Animoca Brands, with its portfolio of over 450 companies, embraced the TON infrastructure and the amazing TON Community and dedicated significant energy, time, and resources to boost TON’s adoption and highlight its potential as the go-to infrastructure for GameFi and Web3 gaming. Now, half a year later, this partnership is progressing to the next level as we team up with Animoca Brands' Mocaverse and MOCA Foundation to drive cross-ecosystem growth and establish TON as a premier platform for content, gaming, and community.
TON x Animoca Brands x MOCA
TON Foundation, Mocaverse, and MOCA Foundation agreed to create a $20M MOCA Coin and Toncoin reserve, which will be used to incentivize developer and user adoption of the TON ecosystem through joint incentives like The Open League, hackathons, and accelerator programs. The funds will leverage our combined ecosystems and incentivize cross-functional development aimed at boosting development and user activity.
TON Foundation and MOCA Foundation will utilize go-to-market and token resources to facilitate user cross-pollination across the foundations’ respective ecosystems. With this partnership, Animoca Brands and Mocaverse will actively promote the benefits of launching and integrating with the TON blockchain for their partners developing gaming projects.
"TON's vision of freedom of interaction aligns strategically with Animoca Brands' focus on digital property rights,” said Steve Yun, TON Foundation council President. “This partnership validates that TON has become the platform of choice for games and social apps. The reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain. We are excited to take a leap with Animoca Brands towards widespread adoption of blockchain applications."
TON Society ID
TON Society ID will be a decentralized identity credential that allows 500 million TON users by 2028 to use governance power based on the TON blockchain. It will enable the community to build a true and meaningful digital identity through a reputation system within the TON Society's new community governance framework. Governance will not only involve voting on proposals but also finding consensus through open debate, and participation in the TON Society ID is entirely opt-in and 100% the user's choice. The TON Society ID system will be a mutually beneficial program for founders to identify active users and for users to gain value by generating content related to their favorite applications.
Mocaverse is the marquee consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands. Under this partnership, Mocaverse will support the development of a reputation scoring system on TON and will contribute to the TON Society ID by sharing data from their gaming and content systems, as well as providing tech support.
At the epicenter of the Animoca Brands ecosystem, Mocaverse owns the Web3 identity and PointFi system, where Moca NFT holders and Moca ID users can seamlessly navigate and engage across and beyond 400+ rewarding experiences from Animoca Brands’ investment portfolio with on-chain proof of reputation. With the integration of the Moca ID, TON Society ID will benefit from the rich on-chain content and community.
“The collaboration between Mocaverse, TON Foundation, and MOCA Foundation is an exciting milestone on our shared mission of Web3 mass adoption and the advancement of digital property rights,” Yat Siu, Executive Chairman and co-founder of Animoca Brands. “The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects.”
Through mutual development, each ecosystem will receive an injection of new tools and users, as well as funds, furthering our mutual goal of large-scale Web3 user adoption. Animoca Brands, their portfolio companies, and Moca Network will provide the consumer layer of content focused on culture and entertainment to the TON Ecosystem, the Web3 infrastructure of Telegram, with over 900 million active users.

About TON Society
TON Society is a grassroots global movement supporting the TON Community with growth systems and events. TON Society creates local activists and engaged communities dedicated to using blockchain technology as a positive force for change in the world. TON Society is a global organization building local communities across nine hubs in CIS, Europe, SEA, and the Middle East. Up to 16 online and offline events are held monthly across all local hubs. TON Society aims to find and incubate community leaders to help decentralize the access to and ownership of TON's most valuable public assets -- and lead the world toward a fairer internet.

About MOCA Foundation
MOCA Foundation is a community-owned foundation that aims to supercharge Mocaverse’s network effects for culture and entertainment. Its mission is to empower unity and collaboration and to be at the forefront of innovation in governance, culture, and growth. It serves as the platform to build the largest interoperable cultural economy in the Web3 space powered by MOCA Coin. It supports the growth of Moca DAO, an upcoming “DAO of DAOs” where members will take the lead in co-creating MIPs and engaging in cross-DAO empowerment through unique delegation models. ​
$TON #NeziriINK
Will Bitcoin break this August high time all 🚀 ? The way I see it look like bitcoin will be up to 100 K this year. The U.S. presidential election in November, according to a report by Standard Chartered, as quoted by media reports. Geoffrey Kendrick, Standard Chartered Bank's head of forex and digital assets research, was quoted as saying that Bitcoin is likely to reach a new all-time high in August and hit $100,000 by U.S. election day. Bitcoin reached an all-time high of $73,700 in March this year. Since then, it has been trading within a range of $59,000 to $72,000. Kendrick's forecast depends on Joe Biden remaining in the presidential race, a scenario the market believes would favor a Donald Trump victory. The Standard Chartered analyst considers Trump to be "bitcoin-positive" and noted a positive correlation between the former president's electoral prospects and the price of Bitcoin. "The logic here is that both regulation and mining would be looked at more favourably under Trump," Kendrick said. Standard Chartered analyst considered a "least likely" scenario where Biden withdraws from the presidential election race in late July, suggesting that this could cause Bitcoin prices to dip to $50,000-$55,000. "Notably, a $150,000 price by end-2024 would see bitcoin join the $3 trillion club in terms of market cap, following NVDA’s $3 trillion market cap which was reached yesterday," he said. On July 3, Bitcoin dropped over three percent amid reports that trading platform Robinhood plans to launch crypto futures in the US and Europe. The leading cryptocurrency was trading at $60,283.8, down 2.83 percent. On June 24, it had reached a low of $60,263. Several other cryptocurrencies were also experiencing declines. Ethereum, the second-most valued digital asset, was trading at $3,308.98, down 3.13 percent, while Tether remained flat at $1. Give Me your opinion in the comment ❤️ $BTC $SOL $ETH #NeziriINK

Will Bitcoin break this August high time all 🚀 ?

The way I see it look like bitcoin will be up to 100 K this year. The U.S. presidential election in November, according to a report by Standard Chartered, as quoted by media reports.
Geoffrey Kendrick, Standard Chartered Bank's head of forex and digital assets research, was quoted as saying that Bitcoin is likely to reach a new all-time high in August and hit $100,000 by U.S. election day.
Bitcoin reached an all-time high of $73,700 in March this year. Since then, it has been trading within a range of $59,000 to $72,000.
Kendrick's forecast depends on Joe Biden remaining in the presidential race, a scenario the market believes would favor a Donald Trump victory.
The Standard Chartered analyst considers Trump to be "bitcoin-positive" and noted a positive correlation between the former president's electoral prospects and the price of Bitcoin.
"The logic here is that both regulation and mining would be looked at more favourably under Trump," Kendrick said.
Standard Chartered analyst considered a "least likely" scenario where Biden withdraws from the presidential election race in late July, suggesting that this could cause Bitcoin prices to dip to $50,000-$55,000.
"Notably, a $150,000 price by end-2024 would see bitcoin join the $3 trillion club in terms of market cap, following NVDA’s $3 trillion market cap which was reached yesterday," he said.
On July 3, Bitcoin dropped over three percent amid reports that trading platform Robinhood plans to launch crypto futures in the US and Europe.
The leading cryptocurrency was trading at $60,283.8, down 2.83 percent. On June 24, it had reached a low of $60,263.
Several other cryptocurrencies were also experiencing declines. Ethereum, the second-most valued digital asset, was trading at $3,308.98, down 3.13 percent, while Tether remained flat at $1.
Give Me your opinion in the comment ❤️
$BTC $SOL $ETH #NeziriINK
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