Michael Saylor, CEO of MicroStrategy, a US listed company and Bitcoin whale, said he believes that the Chinese people and government will accept Bitcoin again. He mentioned that when the Bank of Shanghai launches a Bitcoin spot ETF and provides custody services, it will open the door to encryption for 1.5 billion people in China.
In an 84-minute podcast interview, Saylor claimed that the price of each Bitcoin will reach $10 million and that the whole of China will support Bitcoin.
He emphasized the impact of Bitcoin's application in China, saying: "When Shanghai Bank launches a Bitcoin spot ETF and provides custody services, it will provide Bitcoin services to 1.5 billion people in China." Although it is still uncertain whether China will make this transition, Hong Kong has already launched a Bitcoin spot ETF. For Saylor, the increasing popularity of Bitcoin in China will drive up the price of Bitcoin.
Owning these 3 altcoins in 2024 can earn you 100 times the profit!
1.AR
Arweave is a decentralized network designed to store and host data permanently. The platform also provides significant learning, utilization, and development opportunities. Recently, AR struggled to break through the $50 resistance level and fell below $40, causing concerns among investors and cryptocurrency enthusiasts about its future potential. The chart shows strong resistance at $48, which pushed the price lower.
Despite these challenges, AR’s outlook has improved. In the past 24 hours, AR’s price has increased by 6.88% to $27.63. The market capitalization has also increased by 6.95% to $1.814 billion, and the 24-hour trading volume has increased by 9.68% to $74.96 million.
Arweave aims to create a permanent, decentralized data storage network called the “permaweb.” Although the technology is still in its early stages and adoption is slow, it has huge long-term potential. However, this also means that the token has experienced high volatility and uncertainty.
Currently, the sentiment surrounding the AR price prediction is bullish, with the Fear & Greed Index showing a neutral score of 53, indicating increased trading of the coin. With solid fundamentals and support from a dedicated cryptocurrency community, AR has the potential to achieve significant growth. If the Arweave project announces collaborations with other networks, the maximum price of the AR token could soon exceed $35.
2. HIM
With a market cap of $4.1 billion, it was the 24th-ranked altcoin in May. In March, prices for individual tokens reached a 12-month high of $15.39, largely due to an intraday surge of nearly 70% on February 23. However, on May 15, they were quoted at less than $7.
While the recent price drop may be concerning, Uniswap remains one of the best altcoins to invest in this year due to its innovative decentralized trading protocol and high levels of user engagement.
Its decentralized autonomous governance structure powered by UNI tokens encourages users to contribute to future projects. At the same time, its automated market maker provides a lower entry price point and minimizes user risk.
3.NOT
Telegram’s gaming mini-programs are growing in popularity. The most popular games include Notcoin and Hamster Kombat, each of which has attracted millions of players and daily active users. Notcoin has attracted 35 million players and around 10 million daily active users in just five months.
Notcoin (NOT), a Telegram-based clicker game cryptocurrency, is currently experiencing a bearish trend due to declining trading volumes. Despite a bullish start to the day, the coin remains within a slightly growing descending channel. According to Coinpedia Market, NOT is trading at $0.149 with a 24-hour gain of 6.11%.
Since reaching its all-time high (new high), NOT has fallen 48.54%. The market cap once reached $2 billion, but it fell below $0.015 on June 17 and has struggled to break above this level since then. However, if the market interest in this altcoin is rekindled, it may break through the psychological resistance of $0.02 and may rebound to $0.34 and $0.44.
Notcoin has been trading for five weeks and has grown by an impressive 223% since its launch. In the past 30 days, it has grown by 181%. However, this week, the price has shown a bearish trend.
Technical indicators present a mixed picture. Price action is bullish, forming a falling wedge. The RSI is currently at 39 and trending down, suggesting that prices are entering oversold territory. Meanwhile, the MACD shows a rising red histogram below the trendline, hinting at a possible trend reversal.
The Notcoin community, its fundamentals, and continued development could push the price above $1. This could be a good buying opportunity in the short term before the price breaks out of the descending triangle.
