Bitcoin (BTC) May Record a Price Surge in Late July 2023
Bitcoin options worth $2 billion are set to expire today, and experts predict that this could lead to a surge in Bitcoin’s price. This monthly options expiry has historically been associated with bullish volatility for Bitcoin. Analysts believe that the effects of the expiry may take a few days to consolidate, and we could see Bitcoin rise to $31,000 in early August 2023. Additionally, the approval of Bitcoin Spot ETFs by the US SEC could further drive up the price of Bitcoin, breaking its 2023 high.
Main points:
- Bitcoin options worth $2 billion will expire today, potentially leading to a surge in Bitcoin’s price.
- Historically, Bitcoin’s price has experienced bullish volatility after options expiry.
- Analysts predict that Bitcoin’s support level could rise from $29,000 to $29,500.
- The effects of the options expiry may take a few days to consolidate.
- If approved, Bitcoin Spot ETFs could further drive up the price of Bitcoin.
Maker (MKR) Ecosystem Developments Trigger Massive Price Surge
MakerDAO’s recent ecosystem developments and token burn have resulted in a significant price surge for Maker (MKR). The release of the ‘Endgame’ roadmap, which includes a rebrand, a new blockchain, and the introduction of two new tokens, has garnered attention from investors. The Smart Burn Engine program, which removed more than $230,000 worth of MKR tokens from the market, also contributed to the surge in price. In the span of one month, MKR’s price rose from $672 to $1,167, a gain of 72.84%.
Main points:
- MakerDAO’s ‘Endgame’ roadmap and token burn have led to a massive price surge for MKR.
- The Smart Burn Engine program removed over $230,000 worth of MKR tokens from the market.
- Investors have witnessed a 72.84% gain in MKR’s price in the last month.
- Only a few tokens, like XRP and Borroe ($ROE), have matched this surge in Q3 2023.
- The introduction of a new blockchain and two new tokens has attracted investor attention.
Investors Are Betting on Borroe ($ROE) in August 2023, Token Set to Gain 300%
Borroe ($ROE) is a decentralized funding platform that aims to disrupt decentralized fundraising. By allowing web3 participants and content creators to sell future verifiable income in the form of NFTs, Borroe ($ROE) provides a way for instant cash generation. The platform is currently in its Beta presale stage and has already sold all the listed tokens. Investors are betting on Borroe ($ROE) as it moves towards its main release, with the token set to gain 300% in value.
Main points:
- Borroe ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace.
- The platform allows users to sell subscriptions, royalties, digital payments, and invoices as NFTs.
- Borroe ($ROE) has already sold more than 25 million tokens in its Beta presale stage.
- The token has surged by 25% and is currently selling at $0.0125.
- After all presale stages, Borroe ($ROE) is expected to sell for $0.0400, representing a 220% rise in value.
Hot Take
The options expiry for Bitcoin (BTC) and the developments surrounding Maker (MKR) and Borroe ($ROE) present intriguing opportunities for crypto investors. Bitcoin’s potential price surge and the introduction of Spot ETFs could lead to significant gains. Maker’s ecosystem developments and token burn have already resulted in a massive price surge, and the future looks promising for the token. Borroe ($ROE) is also attracting attention with its innovative decentralized fundraising platform and the potential for a 300% increase in token value. Crypto investors should keep a close eye on these developments as they navigate the dynamic crypto market.
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