The crypto market is abuzz with excitement as MicroStrategy CEO Michael Saylor predicts Bitcoin’s (BTC) price will skyrocket to a staggering $13 million. This bold forecast has sparked intense speculation about the potential ripple effects on other leading cryptocurrencies.
Two assets in particular, Ethereum (ETH) and the emerging PropFi token FXGuys ($FXG), are poised for significant gains if Bitcoin’s price reaches such unprecedented heights. Let’s discover the potential price movements of ETH and FXGuys, exploring how they might benefit from BTC’s projected surge and what this could mean for investors.
Bullish Signs for ETH Despite Ethereum Foundation’s Selling Activity
Recent on-chain data from Santiment reveals a 2.5% surge in Ethereum’s exchange supply in September. This uptrend is partially attributed to the Ethereum Foundation’s consistent selling activity. According to Lookonchain, a crypto intelligence tracker, the Foundation sold 300 ETH ($763,000) in a recent transaction.
The Ethereum Foundation has sold a total of 3,466 ETH ($9.67 million) at an average price of $2,791, with sales occurring approximately every 11 days. Each sale averages $421,000 in ETH tokens.
The increased transfer of Ethereum to exchanges exacerbates selling pressure on the altcoin. As exchange reserves grow, so does the availability of ETH for sale, leading to downward price pressure due to heightened selling activity.
Nonetheless, the price of ETH has increased slightly recently. ETH is up 12.53% from last week as it is trading at $2,582.86, according to CoinMarketCap data. Experts still have a positive outlook for ETH as the MACD and RSI technical indicators point to a bullish trajectory. As such, Ethereum could hit $2,820 in a few weeks.
Conversely, if ETH closes below the daily support level of $2,461, it could decline further to retest its $2,152 in the coming weeks.
BTC Surges Amid Michael Saylor’s $13 Million Price Forecast
Michael Saylor, Chairman of MicroStrategy, has made a striking forecast for Bitcoin’s future value, projecting it to reach $13 million by 2045. Saylor shared his optimistic outlook on CNBC TV, citing Bitcoin’s zero-counterparty risk as a key factor in its potential to capture 7% of global capital.
As a testament to his conviction, MicroStrategy has invested heavily in Bitcoin, pouring over $9.49 billion into the cryptocurrency since September 2020, yielding an impressive 825% return. The company’s latest investment, exceeding $1.1 billion, demonstrates its continued confidence in Bitcoin’s growth.
Saylor’s prediction surpasses other notable estimates, including VanEck’s projection of $2.9 million by 2050, making it one of the biggest forecasts for Bitcoin in recent times. Amid this ambitious prediction, the price of BTC has been rising recently. BTC has surged by 9.38% in the past week, trading at $63,649.
Meanwhile, top market experts believe BTC’s surge will continue as the MACD and RSI technical indicators are showing positive signals. Hence, BTC could rise as high as $65,379 in the short term. On the other hand, if Bitcoin fails to find support at around $62,000, it could fall as low as $56,000 in a few weeks.
FXGuys: The Leading PropFi Platform for Talented Traders
FXGuys is revolutionizing the trading landscape with its decentralized brokerage and trading platform, offering a unique PropFi funding program. This innovative PropFi model empowers talented traders with up to $500,000 in capital to seize market opportunities across multiple asset classes, including cryptocurrencies, commodities, forex, and indices.
To participate, traders must first clear the challenge phase by completing specific trading objectives and demonstrating their skills. Upon passing, they receive initial funding of up to $200,000, which can increase over time with active trading.
FXGuys’ PropFi ecosystem is fueled by its utility token, $FXG, which rewards traders through the Trade2Earn program, regardless of trade profitability. Traders can redeem $FXG for benefits like lower profit targets and higher drawdown limits or hold onto it for potential long-term value appreciation.
Additionally, $FXG holders become loyalty members and vote on platform proposals. FXGuys also allows traders to fund other promising traders, sharing profits in a 20% to 80% ratio.
Furthermore, the platform’s staking program rewards traders with more $FXG for locking their holdings and providing liquidity. With its amazing features and attractive incentives, FXGuys has emerged as a leading PropFi platform, drawing significant attention to its ongoing presale.
The $FXG Presale: A Gateway to Explosive Growth!
FXGuys is rapidly expanding its presence in the decentralized finance (DeFi) sector, fueled by the immense growth potential of its $FXG token presale. With a capped supply of 835 million tokens, $FXG provides sustainable expansion and inflation control within the FXGuys ecosystem, laying the groundwork for long-term success.
Investors can rest assured, as $FXG’s smart contract has undergone rigorous audits by blockchain security leaders Soken and SolidProof, guaranteeing a secure investment.
The price-tiered presale has garnered significant attention, with $FXG progressing to Stage 1 of its public presale in September 2024 and reaching $0.030, yielding Private Sale Round investors a 100% return on investment (ROI). As $FXG approaches its launch price of $0.10, Private Sale Round investors can expect an impressive 566% ROI.
Meanwhile, Stage 1 investors are in line for a staggering 233% ROI. Just like Bitcoin, experts predict $FXG will skyrocket by 1,000% upon listing on major exchanges, driven by increasing investor interest.
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