Bitcoin price corrected strongly in the last 24 hours, sinking from a resistance at $98k to $93k in a single day. However, some analysts seem to believe that this is just a temporary setback and that BTC is about to skyrocket from here, possibly to $100k and beyond.
Last Flush Before The Rush?
Speculation regarding Bitcoin’s price skyrocketed as a result of the dip, with many analysts claiming that the altcoin season is about to start. However, others believe that a major Bitcoin price surge will come first.
https://x.com/bitcoin_BTFD/status/1861169409546691029
Bitcoin has retreated over 7% from its all-time high of $99,645, reached on November 22. The coin also dropped more than 5% in the past 24 hours alone. However, analysts like Markus Thielen, founder and CEO of 10x Research, believe Bitcoin is consolidating ahead of the long Thanksgiving weekend as traders anticipate a decline in implied volatility.
He further explained that BTC has a historical tendency to see a price drop as the end of the month approaches, which helps to alleviate its overbought technical condition. Despite this, he said that he and his firm remain confident that a Bitcoin price rally will come sooner rather than later, and push the coin to the $100k milestone in the coming weeks.
As this pullback impacts the broader market, investors are shifting their focus to presale tokens with high growth potential, such as Crypto All-Stars (STARS), which has quickly become a standout option.
LAST CHANCE TO BUY THE STARS TOKEN BEFORE ITS PRESALE ENDS
Crypto All-Stars Could Revolutionize Staking For Meme Coin Holders
Crypto All-Stars is a new meme coin that introduced a unique new staking platform that allows users to stake more than one token at the same time. While all other staking smart contracts only support the native cryptocurrency of the project that created the contract, Crypto All-Stars’ MemeVault currently supports a dozen different meme coins, with more expected to arrive after its presale ends.
Right now, you can use the project’s new staking platform to lock up Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, Bonk, as well as its native STARS. In fact, owning some STARS is necessary to start staking all of these other cryptocurrencies.
But, this represents a major shift in the way staking works in the meme coin sector, and potentially in the entire crypto industry. By being able to stake the coins and tokens in one place, it will become more accessible, practical, and convenient.
BUY STARS AT A LOW PRICE BEFORE ITS ICO ENDS
Investors seem to agree with that, which is why many were willing to buy STARS and start staking their meme coin portfolios, allowing the project’s ICO to raise over $6 million. Now, however, the project announced that the ICO will end in 24 days, which is why investors have doubled down on buying STARS, so if you wish to join them, now is the time to do so.
