Yesterday, the value of Bitcoin surpassed $100,000 for the first time. This morning, the trading price of BTC is hovering around $102,500. Last night, at 12 a.m., it hit its all-time high of $103,360.68.
Much of these gains are due to Donald Trump winning the presidency. His pro-crypto stance during the 2024 campaign has bore fruit, as he’s now nominated Paul Atkins, an altcoin supporter, as the chairman of the SEC.
Legal online sportsbooks were among the first industries to adopt cryptocurrency transactions. The crypto model works better for their international client base, and gamblers often prefer the anonymity of the transactions.
The following prop bet has now expired at Bovada LV, but it reveals how much confidence the online gambling giant has in BTC’s future.
Will Bitcoin Reach $100k In 2024?
- Yes -550
- No +325
Other crypto coins have risen in value during this BTC bull market, with investors scurrying to gobble up the next big gainer. Here are some cryptocurrencies to consider before heading into the new year.
Buy In On Cardano (ADA)
On election day 2024, Cardano was trading at $0.33. This morning, ADA is valued at $1.20 (give or take), quadrupling in one month’s time. Investors may be wary due to the altcoin’s dip following its ATH of $3.10 in September 2021, but over 1.3 billion coins have been traded in the past 24 hours.
We expect this trend to continue and could even survive a stagnation of the Bitcoin market.
Is Now The Time For DOGE?
November 5th would have been the time to get in on Dogecoin. It was trading south of $0.17 and has risen to over $0.44 today. DOGE was put on the map when Elon Musk began mentioning the coin on social media, and now it could be poised to surpass its prior ATH of $0.73.76.
With Musk now in control of the DoGE (Department of Government Efficiency), 2025 could be the year that Dogecoin surpasses $1.
Pump The Brakes On ETH?
Cardano was engineered on a similar build as Ethereum, but the altcoin has not experienced the same gains over this current boom.
While ETH is certainly trending upward, online sportsbooks like BetUS aren’t projecting a trajectory comparable to that of BTC. The value per coin has jumped roughly $500 since Thanksgiving and is trading in the neighborhood of $3,940 this morning.
Ethereum To Reach $5.000 In 2024
- Yes +400
- No -700
While these odds may seem to forecast a poor performance, they don’t. All this prop suggests is that ETH will not climb $1,000 in value over the next 26 days. We anticipate a value north of $5K by summer of 2025.
