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Year-to-date, Bitcoin (BTC) is up 58% and may reach much greater heights. For instance, Standard Chartered forecasts that Bitcoin’s value would rise to $120,000 by the year’s end.
If this is accurate, the value of the cryptocurrency may potentially treble from its present level. This goal does not seem too farfetched in light of Bitcoin’s last sharp upswing.
The halving event in 2024 will be the most important event for Bitcoin. Bitcoin’s value has historically risen following such occurrences, and I anticipate the same next year.
In addition, Bitcoin is the most valuable cryptocurrency. Demand for Bitcoin is expected to rise in tandem with the widespread use of digital assets.
Polygon (MATIC) is among our top picks for potential investments.
In general terms, Polygon is unique in that it operates on the Layer-2 side chain. Ethereum’s legitimacy was bolstered and attracted major investors thanks to its scalable architecture. An appealing staking option is available for the project as well.
The Polygon PoS network may be protected when investors stake. Current staking rewards are 4.95 percent, which is a good rate in my opinion. The future of Polygon 2.0 seems bright, and the team has the resources to deliver tangible results.
It is my firm conviction that Ethereum (ETH-USD) will eventually surpass Bitcoin as the premier cryptocurrency.
To begin with, Vitalik Buterin, one of Ethereum’s co-founders, claims that even after the integration in 2022, Ethereum’s development will only be 55% complete. Buterin, on the other hand, thinks Bitcoin is 80% there.
The most important thing to remember is that the Ethereum platform has a lot of room to grow. One other important motivator is scalability. Ethereum may reach a stage where it can handle 100,000 transactions per second.
Ethereum’s potential as a game-changing catalyst hinges on its ability to lower transaction costs.
Disclaimer
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