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Crypto investment firm Pantera Capital says tokens with promising underlying protocols and product market fit are set to outperform in the upcoming cycle. According to a new report from Pantera Capital, tokens with promising underlying protocols and a demonstrated product-market fit are expect ed to outperform in the upcoming cycle “just as one would expect across other asset classes like equities.” Although Pantera Capital did not name specific tokens, the firm said that over the long term, token selection will be “paramount because outperformance will be on a case-by-case basis and not necessarily in a certain sector or based on fickle, short-lived speculative narratives.” “Our thesis is that altcoins underlying protocols that have product market fit and are generating real revenues with strong unit economics will perform best in the coming cycle, just as one would expect across other asset classes like equities.” Pantera Capital Y...

Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick in in Q2 next year when the Bitcoin halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that, despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.  According to Pal, the Bitcoin halving cycle coincides with the macro cycle, which means every halving so far has taken place in a similar macroeconomic environment: monetary expansion and low interest rates. “Macro is actually the dominant factor and the halving is a false narrative, but it doesn't matter because it still works,” Pal said in an interview with Cointelegraph. Among the main catalysts favoring crypto next year are central banks cutting interest rates and potential fiscal stimulus that could precede the U.S. presidential election.  Regar...

BTC price is right on track when it comes to cycle top and bottom timing, Bitcoin bull Pantera says. Bitcoin (BTC) is due to hit nearly $150,000 during its next four-year halving cycle, Pantera Capital believes. In its latest “Blockchain Letter,” released on Aug. 22, executives at the crypto asset manager doubled down on their bullish BTC price forecasts for 2024 and beyond. Halving data reinforces November 2022 BTC price bottom Bitcoin price performance depends heavily on its halving cycles, Pantera Capital argues, and with the next due within the coming twelve months, the firm is betting that historical trends will continue. BTC/USD, it notes, tends to put in a cycle bottom and top roughly equal lengths of time from each block subsidy halving , which cuts the number of Bitcoin paid to miners per block by 50%. “Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterward,” it wrote. “The post-halving rallies have...

Bitcoin, the world’s leading cryptocurrency is hovering around the $19,400 mark on Monday. The king crypto briefly crossed $20,000 last week before falling to the $19K levels again. BTC is facing stiff resistance at $24,900 and is repeatedly being rejected at these levels since August 2022. The crypto is currently unable to push its value above the $20,000 mark and it is mostly trading sideways in October. Also Read: Bitcoin dominance at 2018 support level: Recovery finally? Bitcoin Latest News Today Source: Wallpaperflare.com The progress toward the next Bitcoin halving currently surpassed 60% on Sunday. As per estimates, the complete BTC halving might occur during the second half of 2023. However, many other statistics estimate that the Bitcoin halving might complete only in 2024 and not in 2023. Source: buybitcoinworldwide.com You can read more details about Bitcoin halving hashrate here for a better understanding. BTC Price Prediction The S&P 500 index is...