#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
Rekt Capital: There is similarity between 2016 and 2024.
Rekt Capital, a well-known crypto trader, highlights striking similarities between the current cycle and the one following the 2016 halving. In a recent post, Rekt emphasized the "reaccumulation range" below the current price of $61,081 that Bitcoin is trading at. According to Rekt, this aligns with the observed pattern in 2016. Rekt also emphasizes the current position of Bitcoin in the "pre-halving last pullback" stage. Following this stage in 2016, Bitcoin witnessed a significant increase of 48% in just six months. This historical example boosts optimism for a possible price increase in the near future.
However, Cane Island Alternative Advisors' founder and investment manager Timothy Peterson takes a more ambitious approach. Peterson, by analyzing the price decline chart, predicts a potential six-fold price increase for Bitcoin in early 2025. Referring to past adoption trends and previous declines, he astonishingly pegs the peak of this cycle between $175,000 and $350,000.
#Which trending Al tokens are on your watchlist?#
#Which memecoin has great potential?#
#Buy the dip or wait? What's your ideas?#