If you’ve been following the crypto market these past few weeks, you’re probably wondering what’s going on. Bitcoin is currently undergoing a correction… we could say it’s gearing up for the halving and what comes next 🏎️
And since the market doesn’t revolve solely around Bitcoin, let’s see what’s happening:
- Why is Swerve rising?
- Will analysts predict Bitcoin’s price accurately?
- Jupiter, one of Solana’s top cryptocurrencies
Why is Swerve rising?
Swerve is the main competitor to Curve, a decentralized liquidity protocol specializing in stablecoin exchanges.
It has garnered users’ attention thanks to its user-centric approach and a Total Value Locked (TVL) exceeding $1 billion.
This is a significant milestone, as a high TVL indicates good performance for DeFi projects like Swerve.
Many users prefer Swerve for its decentralization and its “Boost” mechanism, which rewards users staking SWRV by offering better APYs in stablecoin pools.
Will analysts predict Bitcoin’s price accurately?
Goldman Sachs positions Bitcoin as the best-performing asset of the past 10 years, surpassing gold and stocks.
Despite the slight correction in recent days, Bitcoin has managed to surpass several historical highs in recent weeks, prompting various specialists to make predictions about its price.
Adam Back, CEO of Blockstream, believes that an ATH of $100,000 is more than achievable; however, analysts at AllianceBernstein suggest it could surpass $150,000 by mid-next year, thanks to institutional ETF purchases.
However, the most bullish prediction comes from Cathie Wood, CEO of Ark Investment. In a recent interview, she explained that the “realistic target” for Bitcoin’s price is $1 million by 2030.
These predictions are based on two essential factors that could drive Bitcoin’s price: institutional buying to fuel ETFs and the approaching halving.
Although historically, Bitcoin’s price changes with each halving, it’s impossible to know for sure what will happen. We can only wait and prepare for the halving.
Jupiter (JUP), one of Solana’s top cryptos
Jupiter is Solana’s primary liquidity aggregator, and like many tokens on this network, it’s experiencing excellent performance.
Its token JUP has risen by over 40% in the last 7 days, thanks to the introduction of the Jupiter Work Groups (JWG).
This is an initiative that encourages community collaboration on the protocol, boosting user engagement by implementing tools that enable native DCA strategies.
JUP is one of the latest tokens to join Bit2Me Wallet, so don’t hesitate to take advantage of its good performance and be one of the first to add JUP to your portfolio.
