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.

Big Numbers Related to BTC

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.

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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.

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Algorithmic Crypto

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:

• The irreversible loss of crypto assets once lost
• Limited understanding of digital assets' censorship resistance, and
• The importance of self-custody

Overall, the findings underscore the need for greater education and caution among wealthy families engaging in crypto transactions.

Source

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.

Meme Tokens

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.

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Rise of WIF

Continuing our Meme token story, the only Hivian I know who writes about Meme tokens is @greywarden100. I am not sure if it was the same token that he introduced in his article last 13 February. He wrote about this Meme token and shared its growth potential. He called for Hivians to take advantage of the token's low entry price.

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.

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