Options traders bet about $640 million that on December 27 Bitcoin will reach $120,000.
However, the chances of these bets paying off are only 10%, and investors should instead look to other cryptocurrencies, according to researchers at analytics firm Kaiko.
While the odds of BTC rising another $15,000 over the next 10 days are slim, that doesn't mean other assets won't rise, Kaiko analysts wrote on Monday.
They noted that smaller cryptocurrencies Solana, XRP и Cardano surpassed and Bitcoinand эфириум this year, especially after Donald Trump's election victory.
All of these assets should be big winners amid the changing regulatory landscape in the US.
XRPreleased by the company Ripple, has led the post-election rally. It has soared more than 5% since November 400 and is now the third-largest cryptocurrency after Bitcoin and Ethereum.
It is possible that in the first half of 2025 it will trade between $5 and $7, says Artur Azizov, CEO of cryptocurrency payment provider B2BINPay.
Solana hit a record high of $263 in late November, but the token's price has since fallen more than 15%. However, it has gained about 33% since the election.
SOL even can overtake эфириум in total value,” said Philippe Bekhazi, CEO and co-founder of cryptocurrency trading company XBTO.
According to Standard Chartered, the price of Bitcoin and Ethereum will also rise sharply over the next year to $200,000 and $10,000 respectively.
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