Bitcoin had a rough ride in the year’s first half, but expert traders still say it will eventually hit $100,000 and even more. However, there are many opinions on when it hit the $100k benchmark.
Over the years, Bitcoin has shown a steady rise in its value. According to a study by Deutsche Bank, a quarter of BTC traders believe bitcoin prices will reach over $110,000 in five years. As its current price is around $36,000, Bitcoin would have to nearly triple to hit $100K.
What’s the drive of Bitcoin’s volatility? What’s the feasibility of BTC hitting $100k? Are altcoins like D2T, IMPT, RIA, and TAMA on the list of altcoins benefiting from the price spike? Read on to find out.
Value of Bitcoin
Bitcoin has struggled to maintain its position above $20k over the last few months. However, it sank below that level throughout September and October 2022, having recovered from
a 19-month low of $17,708.62 in June.
The value of BTC remains a far cry from its all-time high of over $68k, reached in November 2021. As a result, industry experts have had to rethink their expectations.
Many had predicted that Bitcoin was on its way to $100k, a price forecast that now looks pretty optimistic. As a result, many forecasters have lowered their projected Bitcoin values, at least in the short term.
High Transaction Volumes: Bitcoin to Hit $100,000
When the Bitcoin price skyrockets to $100k, the world will experience extreme uncertainty and volatility.
If the Bitcoin price increases to $100k, it could be for various reasons. Many investors are hoping it’ll be an opportunity to be 50x wealthier, even though the world will be essentially the same.
Furthermore, once the BTC price hits between $100k to $200k, more than 50% of the world’s wealthiest billionaires would have been minted in the crypto market. This rise will potentially change the system of operation in society.
Possibly, Bitcoin could increase in value to more than $100,000, but its $100k value would be significantly less than it is currently.
Top List of the Best Altcoins Set to Replace Bitcoin
If Bitcoin price hits $100k crashes, more reliable cryptocurrencies will replace it. See the list below:
- Dash 2 Trade – Best Crypto to Invest in Now with Informed Trading Data
- IMPT – Best Coin for Environmentally Inclined Investors
- Calvaria – Best Crypto with the Highest P2E Potential
- Tamadoge – Best New Crypto for Pet Lovers
- Polygon – Best Cryptocurrency for Payment Transactions
- Avalanche – Most Reliable Smart Contract Platform
- Fantom – Best Crypto for Decentralized Apps
- ApeCoin – Most Efficient Utility Coin
- Chiliz – Best Crypto Asset for Sport Lovers
- Cardano – Best Proof-of-Stake Blockchain Platform
10 Altcoins Set to Benefit if Bitcoin Hits $100k
Even if Bitcoin fails today, there’s a long list of more profitable coins to invest in. See them below:
- Dash 2 Trade
D2T is currently the best cryptocurrency with on-chain analysis. It doesn’t just have a successful presale but uses a wide range of data and analytics to help traders and investors make more informed decisions and maximize profits.
This crypto ecosystem is powered by the D2T token, an ERC-20 coin. The token grants its holders access to different parts of the ecosystem, with the dashboard having three tiers (free, starter, premium) with unique features.
Impact Project is one of the crypto tokens making waves on the market right now. It is the best currency for buying, selling, and retiring carbon credits.
This crypto platform offers its users the opportunity to offset their carbon footprint. IMPT tokens can be converted to carbon credits and used to fund conservation projects.
Finding the best projects for their presale has been a consistent winning strategy for IMPT this year, despite the bear market. As a result, its presale projects offer lower entry prices than the IEOs (Initial Exchange Offerings).
- Calvaria (RIA)
Calvaria is an altcoin aiming to speed up crypto’s mass adoption through a play-to-earn battle card game. Our project’s mission is to create the first effective ambassador between crypto and the “real world.”
This development will be achieved by creating an accessible and fun game available on mobile app stores and PCs. Additionally, this game will be able to compete within the Web.2 gaming market.
- Tamadoge (TAMA)
This crypto project is a play-to-earn gaming platform that allows its users to breed and battle Tamadoge pets in the Tamaverse. All Tamadoge pets are available in NFT formats and are owned by the player.
Aside from being bought, sold, or traded, they can be exchanged for TAMA tokens. In Tamaverse, players can mint, breed, and train their pets to battle to reach the top of the leaderboard.
- Polygon (MATIC)
Polygon offers the best numbers if you’re interested in scaling Web3 and Ethereum apps. MATIC, its native token, is an ERC-20 token used only within the Polygon ecosystem to settle payments and governance.
Although there was an increase in MATIC tokens in circulation and a price decrease, it is still precious. With MATIC’s scaling solutions and 19,000 dApps running on the network, Polygon is one to add to your crypto investments list.
- Avalanche (AVAX)
Avalanche is one of the fastest smart contracts platforms in the blockchain industry. Aside from Solana and Cardano, Avalanche is one of Bitcoin’s major rivals.
The objective of AVAX is solving the blockchain trilemma – scalable, fast, and secure. With NFTs gaining traction on Avalanche’s marketplace, AVAX definitely has great potential.
- Fantom (FTM)
Fantom is a fast open-source smart contract platform for decentralized applications (dApps) and digital assets. There are more than 200 dApps available on Fantom, including NFT tools, cross-chain bridges, and DEXes.
Fantom uses Directed Acyclic Graph (DAG) as a blockchain substitute owing to its great efficiency when handling data storage or processing online transactions.
- ApeCoin (APE)
ApeCoin originated from ‘The Bored Ape Yacht Club.’ It has the right potential to sustain the hype while remaining true to its utility. ApeCoin has the potential to explode by 2023.
It’s an ERC-20 governance and utility token of the APE ecosystem. Plus, it’s administered by a Decentralized Autonomous Organization (DAO).
- Chiliz (CHZ)
Chiliz is a crypto project that focuses on creating fan tokens for sports teams, which are used on the Socios platform.
Fan tokens allow people to relate better with the sports teams they support by voting on different activities like bus designs, motivational messages, and new kits.
- Cardano (ADA)
Cardano is one of the cryptocurrencies to have embraced proof-of-stake validation quite early. Its current market capitalization is over $13 billion.
The proof-of-stake validation helps reduce the transaction time and decrease environmental impact and energy usage by removing the problematic part of transaction verification in platforms like Bitcoin.
We’ve given an overview of the value of Bitcoin and the possibility of it rising to $100,000. Although the coin has lost its footing in recent times, Bitcoin still ranks as the most-used cryptocurrency, providing a comfortable platform for future success.
However, there are more exciting altcoins with high potential that may take the place of Bitcoin. IMPT, for instance, is an innovative crypto and carbon credit platform currently on presale.
D2T, RIA, and TAMA still rank top on this list of altcoins. Make the best decision today and invest in them.