Best Twitter threads of the day – August 30th by BitlyFool | Posted on August 30, 2023 Top crypto price predictions for the 2024–2025 bull run Grayscale made the whole market green! Analysts are calling for imminent #Bitcoin ETF approval.This will cause over $??? of new money to flow into Bitcoin and #CryptoA thread on top crypto price predictions for the 2024–2025 bull run ?(Like & Retweet) pic.twitter.com/ld7Ql5Druv— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 Before we start, I want you to bookmark this thread for the CT culture so that you can come back in the future and see how these predictions went.In the last bull run, the total crypto market cap topped at $3T and I expect this number to go at least 3x by the next bull run.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 In this thread, I have assumed a few things.– Bitcoin will still be no. 1 with around 35%–40% dominance at the peak, and ETH will still be the no.2– Legacy coins and meme coins would no longer be in the top 20.So let's start ?— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 1️⃣ Bitcoin (#BTC)Bitcoin halving has always started a new bull run, and this time it would be the same.A spot ETF approval is highly likely before the halving, and this would cause institutions to rush towards Bitcoin.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 In the last bull run, BTC topped at $69k, and I expect it to go 2x–3x from there because of lengthening cycles and diminishing returns.At its peak, Bitcoin would have a market cap of around $3.5-$4 trillion, which comes to a price of $175,000 – $200,000/ BTC.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 2️⃣ Ethereum (#ETH)Ethereum is the leader in the altcoin space, and this will continue to happen.Ethereum has the highest TVL, the most number of DApps are on it, and it has the most number of developers too.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 I expect its MCap to hit around $1.5T–$2T, which comes to a price of $14,000 – $18,000/ ETH.Also, multiple ETF futures ETFs would be there, and I expect a spot ETH ETF approval could also happen at the market peak.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 3️⃣ Binance (#BNB)BNB is the native token of the world's largest crypto exchange, and it also works as a fuel for BNB Chain, which has a TVL of over $4 billion.It is also used for trading discounts and Launchpad participation on the Binance exchange, and it's deflationary too.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 3️⃣ Binance (#BNB)BNB is the native token of the world's largest crypto exchange, and it also works as a fuel for BNB Chain, which has a TVL of over $4 billion.It is also used for trading discounts and Launchpad participation on the Binance exchange, and it's deflationary too.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 BNB was one of the top performers in the last bull run, and I expect it to have a great run in the next bull run too.My prediction is that BNB could hit around $1,500–$2,000 per token.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 4️⃣ Ripple (#XRP)The recent XRP victory over the SEC couldn't be underestimated.It will not only pave the way for better regulation but will also help Ripple achieve mass adoption.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 If you were in 2017, you would know what XRP can do once it starts pumping.I expect XRP to hit around $15-$20 per token by the peak of the next bull run.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 5️⃣ Arbitrum (#ARB)Arbitrum is currently the biggest L2 with a TVL of over $1.2 billion and is the most undervalued chain as per the DeFiLlama MCap/TVL ratio.I expect ARB to hit $25 – $30 by 2025.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 6️⃣ Injective Protocol (#INJ)It is an interoperable L1 with a gigantic ecosystem of 200+ projects and a deflationary tokenomics.INJ could be one of the top L1s by the next bull run, and I expect it to hit around $150-$200 per token.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 7️⃣ Gala Games (#GALA)It's a blockchain gaming ecosystem with over 1.3 million monthly active users.In the last bull run, it reached a peak of $0.82, and I expect it to hit around $8- $10 by the next bull run.— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 SUMMARYBTC: $175,000 – $200,000ETH: $14,000 – $18,000BNB: $1,500 – $2,000XRP: $15 – $20ARB – $25 – $30INJ – $150- $200GALA – $8 – $10All these predictions are conservative, and by no means it's a financial advice.#NFA, #DYOR— Sjuul | AltCryptoGems (@AltCryptoGems) August 30, 2023 Elon Musk’s SECRET Master Plan for X ? BREAKING: Elon Musk's SECRET Master Plan for X ?Elon Musk's X just got a MASSIVE green light for #crypto payments ?EVERYTHING You Need to Know ?A thread ? pic.twitter.com/OBYa9i5aRT— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 1️⃣ State Approval:? Rhode Island regulators have granted X a currency transmitter license. pic.twitter.com/6GEbq0up2Z— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 2️⃣ What's it for?:? This license is essential for businesses involved in sending/receiving money, covering both traditional (fiat) and digital (#crypto) assets. pic.twitter.com/wDrz8xFUhz— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 3️⃣ What can X now do?:? With this license, X can safely handle, move, and exchange digital currencies and #crypto. https://t.co/n6yLQKZ3w8— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 4️⃣ How many licenses so far?:? Rhode Island's approval makes it the seventh state in the U.S. to give X this license. pic.twitter.com/1wxCElih6Q— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 5️⃣ Elon's Vision:? Musk envisions X as an "everything app", potentially handling both #crypto and fiat payments. https://t.co/3enu9I6NRd— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 6️⃣ Initial Plan for X: While set to start with fiat currency transactions (think services like PayPal), there's room for #crypto functionality down the road. pic.twitter.com/qmirpeMuW8— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 7️⃣ History:? This follows after X secured similar licenses from Michigan, Missouri, and New Hampshire back in July. https://t.co/ir6v28F2vm— Keyur Rohit (@CryptoKingKeyur) August 30, 2023 8️⃣ Final Take:? Details are still emerging about what X’s payment features will look like, but its foundation seems to be expanding steadily. pic.twitter.com/7CnOz5w9Cs— Keyur Rohit (@CryptoKingKeyur) August 30, 2023
August 20, 2023 Uzbekistan grants approval for Mastercard-backed crypto cards by Ravnaq Bank and Kapital Bank