According to Scaramucci’s recent price analysis, Bitcoin (BTC) could increase to over $170,000 after the upcoming halving event. Meanwhile, Algotech (ALGT) has built momentum as one of the top crypto coins to buy in 2024 while ALGT is still at Stage 1 of the presale. Let’s delve into detail and find out which of these options could be the best crypto investment today.
TLDR
- Bitcoin (BTC) could rise over $170,000 after BTC’s halving in April 2024.
- Algotech (ALGT) offers massive 275% gains before the official launch.
Bitcoin Price Prediction: Will BTC Continue its Bullish Trend?
Anthony Scaramucci, the founder of Skybridge Capital, recently gave a positive Bitcoin price prediction during a guest spot on Scott Melker’s podcast on January 24. Based on Bitcoin’s (BTC) previous halving cycles, Scaramucci stated that Bitcoin (BTC) could increase above $170,000 within 18 months after the halving event in April. However, Scaramucci added that BTC could even manage to surpass the $200,000 threshold by the end of 2025.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Full, epic interview with personal anecdotes about Senator Warren, Larry Finn, Jamie Dimon and more. <a href=”https://t.co/TWTBsaAnjf”>https://t.co/TWTBsaAnjf</a></p>— The Wolf Of All Streets (@scottmelker) <a href=”https://twitter.com/scottmelker/status/1751224390123946473?ref_src=twsrc%5Etfw”>January 27, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Hence, Bitcoin’s (BTC) extraordinary growth potential has inspired multiple crypto experts to suggest BTC as the best cryptocurrency to buy in 2024. In addition, the price of Bitcoin (BTC) has increased by 7.395% within eight days, from $40,077 on January 24 to $43,041 on February 1.
Contrary to Scaramucci’s optimistic Bitcoin forecast, BTC bears warn that Bitcoin (BTC) is set to fall back toward $41,800 by the middle of February due to the highly increased selling pressure. Analysts point to Bitcoin’s (BTC) pronounced market volatility as another important factor behind this negative Bitcoin price prediction.
In other Bitcoin-related news, Velar announced via an X post on February 1 that the startup had secured $3.5 million to build the first Bitcoin-powered perpetual swaps exchange.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>NEW: <a href=”https://twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency</a> trading startup Velar secures <br>💵 $3.5M to build a suite of DeFi tools for <a href=”https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw”>#Bitcoin</a>, including the first <a href=”https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw”>#Bitcoin</a>-powered perpetual swaps <a href=”https://t.co/Yc7P6bacf7″>pic.twitter.com/Yc7P6bacf7</a></p>— Bitcoin News (@BitcoinNewsCom) <a href=”https://twitter.com/BitcoinNewsCom/status/1753108449729368540?ref_src=twsrc%5Etfw”>February 1, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Smart Traders Flock to Algotech (ALGT) as the Best New Crypto to Invest in Now
Algotech (ALGT) is a new decentralized algorithmic trading platform that provides an unrivaled trading experience through its advanced security features. In addition, Algotech’s (ALGT) groundbreaking machine-learning capabilities enable ALGT users to maximize the gains from their wise investments.
For example, Algotech’s (ALGT) team is focused on multiple cutting-edge investment strategies such as mean reversion, trend following, arbitrage, and hedging. Hence, analysts believe that Algotech is set to leave a lasting mark in the broader crypto space through its powerful innovations.
On the other hand, the amazing ALGT ERC-20 standard token brings governance rights within the Algotech community and ownership rights for the incredible Algotech software. However, ALGT holders also receive a fixed residual income through the platform’s advanced dividend scheme.
ALGT raised more than $1.1 million in two days during the private seed sale and recently entered Stage 1 of the public presale. The token is currently available for only $0.04, meaning that early ALGT adopters could obtain as much as 275% gains when Algotech reaches the targeted $0.15 over the next presale stages.
The returns are bound to skyrocket after ALGT launches on major exchanges, as many successful traders have already embraced Algotech as one of the best cryptos to buy now. Algotech (ALGT) has the potential to compete against industry leaders such as Bitcoin (BTC), so don’t hesitate to chip in today and reap the rewards from Algotech’s fantastic giveaway!
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