Another day to survey articles on coinmarkets.today. I found five that are worthy of my time. The topics covered include BTC, algorithmic crypto, and Meme tokens.
In times like this when analysts are making bullish forecasts, I cannot avoid being suspicious. Nevertheless, I also believe that it is still too early to go contrarian against the current trend. I don't believe that we are already in a bubble.
If my memory serves me right, the highest forecast that I stumbled upon during the last bull market was 100,000.00 USD. Now, fund manager and investor Mark Yusko is exceeding such a forecast and for him, $BTC will reach 150,000 this year.
Moreover, Yusko thinks Bitcoin is a better alternative to gold and will reach $700,000 by the end of the next ten years.
Another positive news related to $BTC is the current response of the market to Blackrock's ETF project. IBIT, Blackrock's $BTC ETF trust fund is now experiencing an unexpected increase in its BTC holdings surpassing 252,011 BTC worth around $18 billion. For Larry Fink, such a growth indicates a high retail investor demand. I am now wondering how this sudden shift in sentiment will end.
I am not sure how to take this third article about the result of a survey related to algorithmic cryptocurrencies. The study reveals the crypto preferences of ultra-rich families with a net worth of up to $100 million. They favor algorithmic tokens despite their limited knowledge of how cryptocurrencies work. Surprisingly, despite such interest, the survey shows that only 7% of families conduct due diligence before doing crypto transactions.
Moreover, the survey indicates a lack of awareness among respondents in three areas:
Overall, the findings underscore the need for greater education and caution among wealthy families engaging in crypto transactions.
Reading the above article, the first thing that comes to mind is $HBD since it is an algorithmic stablecoin. I wonder if this trend favors $HBD once these ultra-rich families discover our stablecoin.
As Blackrock's BTC ETF project is now becoming popular, this multi-national investment company is also introducing a significant change in the landscape of meme coins. Blackrock ventures into meme coins through its BUIDL fund.
This time, the name of the token is GFOX. I don't understand how the meme character of this token can be integrated into play-to-earn and NFT. Moreover, what makes it a compelling investment according to the report is the deflationary model of the token and staking rewards.
Continuing our Meme token story, the only Hivian I know who writes about Meme tokens is 
And that's the reason why this article caught my attention. It was reported that WIF surged to become the third-highest-valued meme token. The token performed an impressive 435% increase over the past 30 days.
