With Bitcoin’s (BTC) gain of 84% in the first half of the year outperforming the Nasdaq 100 and demonstrating consistent annual volatility, experts are divided on whether it will continue to mirror the stock market or solidify its position as a digital gold in an increasingly gold-focused world.In the midst of this discussion, the highly anticipated BEASTS Coin (BEASTS) presale is set to dominate the crypto market while Ethereum (ETH) continues to strive for a breakthrough in Q3/Q4.
Bitcoin: The High-Beta Dilemma As Bitcoin (BTC) maintains its price around the $31,000 mark following the recent surge in spot Bitcoin exchange-traded fund (ETF) applications, commodities experts are analysing its potential trajectory in the second half of 2023.
According to Mike McGlone, the second half of 2023 may determine whether Bitcoin behaves as a high-beta version of the stock market or establishes itself as digital gold.McGlone suggests that a true test of Bitcoin’s nature will likely occur during a bear market, which is common during US recessions.
Bitcoin’s key innovation lies in its ability to provide secure and transparent transactions through cryptographic technology.With a limited supply capped at 21 million coins, Bitcoin’s scarcity has contributed to its store-of-value proposition.
The pioneering crypto has solidified its place as a digital store of value and a different investment choice, despite the swings and sceptics.
Ethereum: The Powerhouse of Smart Contracts As we look ahead to Q3/Q4, Ethereum, the leading platform for smart contracts, stands as a powerhouse in the crypto world.With its robust infrastructure, Ethereum enables the creation and execution of decentralised applications (dApps) and smart contracts.
Following a peak of $1,976 on July 3, the price of Ethereum (ETH) decreased, indicating a brief correction in response to its prior rise.
The wave count indicates that a long-term bullish trend reversal has started in the price of ETH.
Despite a gloomy short-term forecast, experts still believe that Ethereum’s price may rise as high as $2,300 before the end of Q4.
Ethereum’s widespread adoption and active developer community contribute to its potential growth in the coming months.
BEASTS Coin: Dominating the Crypto Market The upcoming BEASTS Coin presale presents a promising opportunity for investors.With an ambitious mission to dominate the crypto market, BEASTS Coin aims to establish an innovative ecosystem that prioritises community engagement, decentralised governance, and sustainable growth.BEASTS presale is a crucial event that offers investors the chance to get in on the ground floor and potentially reap the rewards of this game-changing cryptocurrency.Its post-presale future can potentially make many millionaires if the coin continues to innovate and attract the attention of investors.
For now, it is definitely doing so with its latest promotion called the Gleam Competition, which gives 10 lucky winners the chance to win $50,000 USDT, which is currently taking place on BEASTS Coin.
In conclusion, 2023 still promises to be an exciting time for tech investors, as Bitcoin, Tesla, and BEASTS Coin compete for supremacy in their respective domains.Bitcoin’s steady rise and growing adoption, Tesla’s ongoing electric revolution, and BEASTS Coin’s quest to dominate the crypto market all present compelling investment opportunities.
BEASTS Coin :
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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