Bitcoin (BTC) Price Prediction: Despite Recent Dip Below $60,000, Many Traders Stay Hopeful, Targeting $20K by 2027
- DDDOriginal
- 2024-10-11 13:14:23598browse
Even though Bitcoin's price has dipped below $60,000, many traders are still hopeful, viewing this as a normal part of market trends.
Despite Bitcoin dropping below $60,000, many traders remain hopeful, viewing this as a normal part of market trends. Analyst Rekt Capital mentioned that Bitcoin often revisits the $60,000 mark, so the current decrease shouldn’t cause worry. In recent days, Bitcoin has dropped by about 6%, but experts see this as just a part of its usual fluctuations.
Other experts also feel that Bitcoin is well-positioned, and this drop might be a good chance for people to buy. Some think Bitcoin could go down to $57,000, but on-chain data hints that this could be an opportunity to buy before the price rises again. Despite the recent dip, the long-term view on Bitcoin remains positive.
Cronos Introduces Yield Rewards
Cronos (CRO) Labs has started offering yield rewards for vETH and vUSD tokens on its zkEVM network, allowing users to collect rewards on a regular basis. The zkEVM network is a zero-knowledge Layer 2 solution built for quick and secure transactions, making it ideal for yield-focused tokens like vETH and vUSD.
Rewards build up daily and can be collected from time to time through the network’s rewards page. Users can easily keep an eye on their pending and available rewards on the platform. For zkCRO token holders, the rewards are added directly to the token’s value, removing the need to claim them manually. This new feature provides more earning opportunities on the Cronos network while keeping it straightforward for users.
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Top Cryptocurrency of 2024
Despite Bitcoin recently falling below $60,000, many traders stay hopeful, encouraged by a promising long-term outlook. Meanwhile, Cronos has rolled out yield rewards for vETH and vUSD on its zkEVM network, offering users a straightforward method to collect daily rewards.
However, the major excitement centers on BlockDAG with only 4days left to enjoy its 50% bonus offer. With the presale quickly climbing to $92 million, BlockDAG is swiftly establishing itself as a major contender for 2024’s top cryptocurrency. Early adopters have already benefited from significant returns, and experts believe the coin’s value could hit $20 by 2027.
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