The post Crypto Market Update: Market Hits 117% of GDP—Could This Coin Turn $100 into $3,000? appeared first on Coinpedia Fintech News
The “World Economic Outlook” report of the International Monetary Fund (recent: October 2024) calculated the world GDP as $100 trillion. And, the crypto market capital hit 117% of the world GDP, reigniting investors. What led to the tremendous change from a volatile creeping market in December to a stable rallying market in January? Michael Saylor’s Bitcoin plans after his death? Elon Musk’s name change on X? Let us discuss the crypto market update, triggering the recent crypto boom. Also, we will help you find the best crypto to buy now that could turn $100 into $3000. DexBoss, a new crypto, is capturing the market alongside the market boom.
Michael Saylor Bitcoin Plans post his death
Saylor holds 444,262 BTC. Envision a scenario in which the head of Microstrategy was to unexpectedly pass away; in such a case, his Bitcoin holdings would be rendered inaccessible. Indeed, his entire portfolio, valued at $27.7 billion, would be lost unless an individual were to obtain the necessary passkey for access.
The present crypto market update says that Michael Saylor revealed in an interview that he would burn his BTC holdings after his death.
What happens if Saylor burns his BTC holdings?
The circulating supply of Bitcoin is fixed at 21 million. If Saylor burns his possessions, a lot of Bitcoin will be lost! Speaking of circulating supply, the new crypto DexBoss offers a good token supply, which is around 30 billion. The higher the supply, the higher the accessibility. DexBoss strives to bridge the gap between traditional and decentralized finance, offering increased liquidity of 10%. A limited number of cryptocurrencies in the market aim to tackle liquidation issues, and DexBoss is one of those.
Metaplanet: The Tough Microstrategy Competitor
Emerging as a tough competitor to Microstrategy in accumulating Bitcoins, Metaplanet announced to increase its BTC holdings by 470% in 2025. With Japan’s growing interest in the cryptocurrency landscape, the tech-giant is shifting its investment approaches towards cryptocurrencies, following the footsteps of Tesla and Microstrategy.
Timing the market: Why 2025?
The latest crypto market update indicates that the market capitalization is expected to double, with new regulations and increased institutional adoption anticipated to transform the landscape by 2025. New tech-based cryptos, including Aureal One and DexBoss, will emerge as the market influencers. DexBoss offers a cross-compatible trading platform allowing users to access 2000 cryptocurrencies. The current presale price of DexBoss is $0.011, which will increase to $0.0505. Analysts believe DexBoss is the best crypto to buy now to yield high in 2025.
Elon Musk Game Changing Plans: X Money
Elon Musk plans to launch X Money, redefining the world of digital payments. Money will bring along exclusive features, including potential support of cryptos. The recent crypto market update revealed that Musk plans to postpone the X Money launch. Capitalizing on recent market developments, the new cryptocurrency DexBoss is attracting significant attention. DexBoss offers a buyback and burn deflationary mechanism to maintain the token value in the network. When the DEBO tokens experience deflation, Dexboss will engage in buybacks and burning, creating scarcity and ultimately enhancing the value of the tokens. As very few cryptos in the market attempt to handle inflationary issues, analysts believe DexBoss will boom high in the next bull run. DexBoss represents an excellent investment opportunity and is the best crypto to buy now, promising substantial returns in a relatively brief timeframe.
Key Indicators: The Swashing Bull Wave
What is the proof that the crypto market hit 117% of world GDP? Overbought conditions, resistance levels, and volume trends suggest an on-going bullish wave. The Relative Strength Index of the cryptos are marching towards 70, and the key cryptos, including Ethereum, are breaking their resistance levels. The recent crypto market update reveals that the market sentiment is fueling the up-trends. The newly launched cryptocurrency DexBoss is garnering considerable interest by leveraging recent market trends. DexBoss offers near real-time execution features, allowing traders to play on the market fluctuations. Also, it partners with ten providers, easing fiat-crypto conversions and vice versa. The expert opinion is that DexBoss is the best crypto to buy now, predicting its potential to emerge as one of the biggest market influencers.
Ethereum Bullish Breakout
As the second-largest cryptocurrency, Ethereum garners increasing interest from investors. It achieved a significant price breakthrough, signalling a bullish trend. Currently, Ethereum is trading at approximately $3,615 after crossing its key resistance levels and maintaining its upward momentum. The recent rise above the $3,500 threshold, which aligns with the 50-day exponential moving average (EMA), has bolstered investor confidence.
Ethereum Price Prediction for 2025
On January 4, Ethereum established a golden cross, a bullish indicator characterized by the short-term exponential moving average (EMA) crossing above the long-term EMA. As February draws near, traditionally a profitable month for Ethereum, analysts believe Ethereum might reach $10,450, representing a 265% increase from its current value. The neckline of this formation is positioned near $4,000, a significant resistance level, while Ethereum is presently consolidating around $3,450 and is testing previous resistance as a support level. Amidst the up trend, the recent crypto market update revealed the outperformance of the new crypto DexBoss. With the ambitious goal of $1 billion, DexBoss has secured $331,000 within a few days. Delivering promising outcomes, DexBoss is the best crypto to buy now for massive gains in the next crypto bull run.
Could this coin turn $100 into $3000?
Liquidity is the primary concern of blockchain networks. With plans to address the liquidation concerns, DexBoss attempts to address the issue by offering advanced De-Fi solutions. The crypto has set an ambitious target of $50 million and is set to scale quickly. The deflationary tokenomics make DEBO appealing. The current presale price of DexBoss is $0.011. It has already raised $352K of the set target of $750K as of 8th January. Analysts observe that DexBoss prices will increase to $0.0505 in the next bull run. Focused on swift growth, DexBoss is the best crypto to buy now to turn your $100 into $3000.
Click here to know more about DexBoss
Conclusion
Market giants, including Elon Musk and Michael Saylor, are planning big to rock the crypto world to new highs. Ethereum shovelled in an hour, breaking its long-standing resistance of $3.500. Investors should monitor Ethereum’s upcoming resistance level of $3,700 as the market strengthens. All these recent triggers skyrocketed crypto to hit 117% of the world GDP. Investors can capitalize on the soaring market and earn up to $3000 by investing just $100 in tech-based cryptos like DexBoss.
The recent crypto market update unveiled that of all the cryptocurrencies, DexBoss has a high potential to return massive gains in the next crypto bull run and is the best crypto to buy now. DexBoss is drawing the market’s attention with its advanced De-Fi solutions and innovative market strategies.
