Dogecoin

Bitcoin

Gold

<div class="dailyhodl">
 <p>The founders of crypto analytics platform Glassnode are predicting that Bitcoin (BTC) will vastly outperform gold for the remainder of the current bull cycle.</p>
 <p>The co-founders of Glassnode, who go by the handle Negentropic on the social media platform X, tell their 63,000 followers that the BTC/gold ratio could more than double in the coming months.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>The BTC/gold ratio, currently at 29, is the value of Bitcoin relative to the price of gold.</p>
 <p><em>“Opinion: a lot of talk about gold over the last couple of months. But is gold really the asset to be exposed to at this point? BTC-Gold ratio still suggest that we could see BTC at 65x the price of gold at the end of this crypto bull cycle. </em></p>
 <p><em>This would imply more than double the performance of BTC compared to the shiny metal. Pick your favorite! We favor BTC over gold at this point.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOlBIuzXEAATrIl?format=jpg&amp;name=medium" alt="Image" width="1200" height="558">
  <figcaption class="wp-caption-text">
   Source: Negentropic/X
  </figcaption>
 </figure>
 <p>Bitcoin is trading for $70,547 at time of writing, up 2.5% in the last 24 hours.</p>
 <p>Next up, the analysts suggest Dogecoin (DOGE) could repeat a pattern seen in the prior two bull markets and soar to $2.52. The analysts use Fibonacci extensions, which are based on Fibonacci ratios and are used in technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> to estimate profit targets and price pullbacks.</p>
 <p><em> “Could altseason send DOGE up by ~13X?”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOQQbcMWgAAoCmj?format=jpg&amp;name=large" alt="Image" width="1280" height="595">
  <figcaption class="wp-caption-text">
   Source: Negentropic/X
  </figcaption>
 </figure>
 <p>DOGE is trading for $0.17 at time of writing, up nearly 3% in the last 24 hours.</p>
 <p></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-ready-to-outperform-gold-by-at-least-double-for-rest-of-market-cycle-glassnode-founders-tbt90052.html">https://thebittimes.com/bitcoin-ready-to-outperform-gold-by-at-least-double-for-rest-of-market-cycle-glassnode-founders-tbt90052.html</a></p>

Bitcoin Ready To Outperform Gold by at Least Double for Rest of Market Cycle: Glassnode Founders

TheBitTimes

Інші статті, опубліковані 27 трав. 2024 р.

Ethereum reaches $4K: Is The ETF Approval Just Kicking In?

Albart Token: The MVP of Euro 2024 Memes!

Donald Trump’s Crypto Holdings Exceed $10M Ahead US Presidential Election

SHIB Community Urged to Focus on Long-Term Gains

BlockDAG's 800% Presale Boom: Dominating from Shibuya to Piccadilly, Surpassing Shiba Inu and Pol...

PEPE Price Explodes by 10%, Surpassing Uniswap: Can It Overtake Shiba Inu and Dogecoin?

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!