The Crypto Assets market has recently stirred up a storm. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has made a remarkable prediction: Bitcoin could break its historical high next week and is expected to rise to $135,000. This bold prediction comes right after the news that Bitcoin has just surpassed $121,000, further boosting market sentiment.
This wave of market trends not only breaks the tradition of 'Uptober' but also subverts the inherent understanding of the crypto assets market. It was commonly believed that Bitcoin would experience a decline 18 months after halving, but the current market trend completely deviates from this pattern. According to the halving cycle in April 2024, Bitcoin was supposed to start a downward trend, yet it has gone against this expectation, continuing to rise and demonstrating strong upward momentum.
However, the market's focus has shifted from Bitcoin to an emerging crypto assets project affectionately referred to as the 'little puppy' token. This project has garnered support from heavyweight figures in the industry, including Musk's public endorsement and the recognition from Ethereum founder Vitalik Buterin. Even more remarkable is that the project successfully launched on 8 exchanges in just 7 days, a pace of rapid expansion that is also rare in the crypto assets industry.
The market generally holds an optimistic view on the prospects of 'Little Puppy', with some analysts suggesting that it may achieve a 100-fold return in the short term, and even a potential 1000-fold growth in the long term. This fervent expectation has triggered a rush of investors entering the market.
Nevertheless, we must keep in mind the high-risk characteristics of the Crypto Assets market. Although the current market is experiencing a rise in enthusiasm, investors should remain rational, conduct in-depth research on the project's fundamentals, and cautiously assess risks rather than blindly following trends. In this rapidly changing market, only by maintaining clarity and independent thinking can one find a balance between opportunities and risks.
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The Crypto Assets market has recently stirred up a storm. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has made a remarkable prediction: Bitcoin could break its historical high next week and is expected to rise to $135,000. This bold prediction comes right after the news that Bitcoin has just surpassed $121,000, further boosting market sentiment.
This wave of market trends not only breaks the tradition of 'Uptober' but also subverts the inherent understanding of the crypto assets market. It was commonly believed that Bitcoin would experience a decline 18 months after halving, but the current market trend completely deviates from this pattern. According to the halving cycle in April 2024, Bitcoin was supposed to start a downward trend, yet it has gone against this expectation, continuing to rise and demonstrating strong upward momentum.
However, the market's focus has shifted from Bitcoin to an emerging crypto assets project affectionately referred to as the 'little puppy' token. This project has garnered support from heavyweight figures in the industry, including Musk's public endorsement and the recognition from Ethereum founder Vitalik Buterin. Even more remarkable is that the project successfully launched on 8 exchanges in just 7 days, a pace of rapid expansion that is also rare in the crypto assets industry.
The market generally holds an optimistic view on the prospects of 'Little Puppy', with some analysts suggesting that it may achieve a 100-fold return in the short term, and even a potential 1000-fold growth in the long term. This fervent expectation has triggered a rush of investors entering the market.
Nevertheless, we must keep in mind the high-risk characteristics of the Crypto Assets market. Although the current market is experiencing a rise in enthusiasm, investors should remain rational, conduct in-depth research on the project's fundamentals, and cautiously assess risks rather than blindly following trends. In this rapidly changing market, only by maintaining clarity and independent thinking can one find a balance between opportunities and risks.