Bitcoin briefly hits $90k on Coinbase. Will it surge to $100k soon?

Key takeaways

  • BTC briefly hit the $90,100 level, reaching a new all-time high.
  • Vantard’s presale is now approaching $850k

BTC briefly touches the $90k level

Bitcoin has been rallying since Donald Trump won the United States presidential elections last week. The leading cryptocurrency by market cap briefly hit the $90,100 level on Coinbase before retracing below the $88k mark.

At press time, Bitcoin’s price stands at $87,869. There is a massive sell order for Bitcoin around the $90k region and market analysts believe that BTC could range between $90k-$100k in the near term. 

What is Vantard (VTARD)?

The ongoing rally has seen over $700 billion enter the cryptocurrency market in the last seven days. The growing demand for Bitcoin and other major cryptocurrencies is spilling to upcoming altcoins as investors look to diversify their investments. 

Vantard is one of the projects attracting investor interest. It is the world’s first Solana meme coin index and would help investors leverage the growing $45 billion memecoin market. 

In its whitepaper, the team said its native $VTARD token holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

The project will enable investors to broaden their cryptocurrency investment portfolio. This feature is crucial, given the growing importance of meme coins to the cryptocurrency ecosystem. 

Vantard would allow investors to easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, the Vantard index will bridge a significant gap in the market as meme coins have outperformed every other crypto sector in recent years. 

Read more about the Vantard project here. 

Vantard’s presale approaches $850k

The Vantard presale is approaching a significant milestone. The team has raised nearly $820k so far. The seed round comes shortly after the project raised $500k in its pre-seed funding round. 

In this current stage, Vantard is going for $0.00013 per coin, and the price is set to increase to $0.00014 in the next stage. The $VTARD tokens are available to investors via the Vantard website. Accepted forms of payment include USDC, USDT, and Ethereum (ETH) coins. 

Vantard is the first meme coin index to track meme coins on the Solana blockchain. This is crucial given Solana’s position as the leading blockchain for meme coins and DeFi protocols. 

Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.

Vantard eliminates a major challenge for investors by picking out the best meme coin projects on the Solana blockchain. Thus giving investors exposure to the best projects and ensuring they don’t invest in scam meme coins. The index lets users ‘Ride the Memecoin Supercycle.’

Should you buy the $VTARD token now?

The ideal times to buy tokens are during the presale and bear market. With Vantard currently in its presale, investors can invest in this project before it launches on crypto exchanges.

The $VTARD token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

This year, the crypto market welcomed spot Bitcoin and Ethereum ETFs, attracting billions of dollars in institutional investment. Meme coins are attracting interest from investors, and memecoin indices could become very attractive.

As the first Solana meme coin index, Vantard could become one of the top-performing cryptocurrencies in this bullish cycle.

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Hedera skyrockets as Canary files for HBAR ETF

  • Hedera (HBAR) price rose sharply on Nov. 12 to hit highs near $0.07 – the highest level since July.

The Hedera token rose more than 20% in the past 24 hours to hit highs near $0.07. This saw the cryptocurrency reach its highest price level since July and stand out among top gainers.

Gains for HBAR came as the cryptocurrency’s holders reacted positively to the latest Hedera news.

Specifically, the altcoin was surging after Canary Capital Group submitted an application to list an exchange-traded fund for HBAR.

Canary files for HBAR ETF

The proposal to list and trade shares of the Canary HBAR ETF comes amid an increased exuberance across the crypto market. With the SEC’s approval of spot Bitcoin and Ethereum ETFs having driven significant interest and demand from institutional investors, the anticipation is that more crypto assets could be poised for a similar trajectory.

Canary Capital is among the issuers targeting this potential influx of investment money. With the market seeing filings for spot ETFs for Solana, Litecoin and XRP in recent months, the addition of Hedera on the list has the HBAR community excited.

The filing for the HBAR ETF comes a few weeks after Canary launched its HBAR Trust.

Donald Trump’s historic win in the US election and the pro-crypto stance he showed during the campaign has crypto in an upbeat mood.

As the industry ponders the positive regulatory environment that Trump’s administration will offer, the anticipation is that approval for more crypto investment vehicles is highly likely. Moreso, the chances of a SOL, LTC, XRP or HBAR ETF being approved will rise significantly if current SEC Chair Gary Gensler exits the agency.

Trump pledged to fire the SEC chair when he takes over in January 2025.

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Bernstein Urges Investors to Buy Crypto as It Predicts $200k per Bitcoin in 2025

  • Asset management firm, Alliance Bernstein, tells investors to “buy everything you can” as analysts expect major altcoins to outperform Bitcoin over the next 12 months.
  • This comes as Bitcoin broke the $82,000 level. The crypto has since reached a new all-time high of $89,000.

In an article published on Monday, Analysts at Bernstein Research endorsed cryptocurrency, urging investors to buy everything [they] can” amid rising prices that appear to have been spurred by Donald Trump’s election victory.

Trump, now a staunch supporter of cryptocurrency, is set to be the first President to have founded a decentralized finance platform (World Liberty Financial) and is expected to usher in an era of favourable regulatory policies that could radically change how the US government engages with the crypto industry.

At the Bitcoin 2024 conference in July, Trump spoke about buying Bitcoin as a strategic reserve for the United States if he got elected. While this may not constitute an official campaign promise, it is one of several that the crypto industry holds on to.

Bitcoin’s rise to new highs

Bitcoin broke its previous all-time high of $73,000 on November 6th, after the Presidential election. Since then, it has scaled to a new all-time high of $89,000 reached today. However, Trump’s Presidential victory isn’t the only catalyst propelling the premier crypto to new highs.

Increased institutional interest is another major catalyst for Bitcoin’s price action as institutions buy up the crypto either as an inflation hedge or for potential future profits.

MicroStrategy recently purchased 27,200 Bitcoin for $2 billion, its largest single purchase since 2020. The company’s total holding as of Nov 10 is 279,420 bitcoins costing $11 billion at an average price of $42,600 per BTC.

Today, MicroStrategy’s stash has doubled in value as Bitcoin trades at the $85,000 level as of publishing. As a result, its share price is 23% higher than yesterday’s close of $340; a trend which is becoming common among publicly listed companies with Bitcoin holdings.

Institutional interest is also evident in Bitcoin spot ETF inflows. The top 10 Bitcoin spot ETFs in the US recorded a cumulative inflow of $1.12 billion yesterday, according to data from Coinglass, a cryptocurrency derivative data analysis platform.

Research Analysts from Bernstein believe that Bitcoin will reach $200,000 this cycle and that a friendlier regulatory environment will allow major altcoins, like Ethereum and Solana, to outperform Bitcoin over the next 12 months.

Bitcoin is down 2% on the day of publishing.

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