Cathie Woods, CEO of Ark Invest, predicts bitcoin price to be $1 million, while WSM hits $6.5 million

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Ark Invest CEO Cathie Wood has a longtime prediction that Bitcoin could hit $1 million by 2030. Recently, she backed up her prediction, fetching $19.9 million worth of crypto stock, Block.

In a conversation with Bloomberg in November 2022, Wood backed up his claims that Bitcoin could hit $1 million. She pointed to Bitcoin’s strong performance despite tough market conditions and said institutions may be more comfortable buying once they learn what is really going on with Bitcoin.

Filing a stake in the claims, Ark Invest recently acquired $19.9 million worth of Block shares. ARK acquired 305,573 Block shares between June 7-8 in block trading at a discount to its Q1-Q3 2021 price.

Block, founded by former Twitter CEO Jack Dorsey and Jim McKelvey in 2009, is an American multinational technology conglomerate. It primarily provides payment services with a distinct interest in cryptocurrency and blockchain.

Arks’ latest purchase comes just days after it purchased $21.6 million worth of Coinbases COIN stock. The purchase was made on June 6, a day after COIN’s stock price plummeted following SEC allegations that Coinbase was selling unregistered securities.

Cathie Wood is not the only high profile person to provide a million dollar Bitcoin price prediction. Entrepreneur and former Coinbase CTO Balaji Srinivasan is also aiming for the $1 million mark for Bitcoin.

Balaji made a bet in March, predicting the collapse of the US economy and for Bitcoin to hit $1 million within 90 days. Although he has already closed his bet, losing $1 million in the process, Balaji remains optimistic that Bitcoin will eventually reach $1 million.

What other coins are analysts bullish on?

Despite turbulent market conditions, some new pre-sale cryptocurrencies have seen huge success.

Crypto analyst Jacob Bury recently pointed out that the Wall Street Memes crypto presale has 10X potential after recently raising $6 million in its presale. The project was also recently picked up by MyFinancialFriend, who called it the biggest new crypto to come to market.

Another crypto analysts are bullish on is AiDoge. Having recently completed its pre-sale, the token is heading for an exchange listing on June 19, with an expected launch price pump.

Wall Street Memes presale hits $6.5 million with token backed to be next big Meme coin

Wall Street Memes has proven hugely popular since its launch less than three weeks ago, with over $6.5 million already raised. This is mainly because it was launched by a brand with a thriving community of over a million social media followers.

$WSM is a meme coin inspired by the Wall Street Bets Reddit group and aims to symbolize the movement. Essentially, Wall Street Memes is about making the everyday investor rich on useless meme pieces.

What’s exciting about Wall Street Memes is that its team has already launched a successful crypto project, showing that it has the expertise to generate hype and raise capital.

In 2021, the Wall Street Memes team launched an NFT collection, Wall St Bulls, which sold out in just over 30 minutes, raising $2.5 million for the team. Today, the project has a total trading volume of 1,865 ETH.

The Wall Street Memes Twitter account has also received numerous engagements from Elon Musk. For a meme coin, this adds enormous value since Musk played a significant role in valuing multi-billion dollar Dogecoins.

$WSM is currently available at $0.0283, with the price expected to gradually increase throughout its pre-sale until its final round, which is priced at $0.0337.

Visit the Wall Street Memes Presale

AiDoge IEO Imminent After $14.9M Presale

With complete disregard for the bear market, AiDoge recently smashed its presale cap of $14,900,000 in just two months.

AiDoge was quickly popularized as the hottest pre-sale as it is a coin that leverages AI technology to deliver value to holders. Essentially, AiDoge is an AI-powered meme generation platform where users can create memes with simple text prompts.

The platform will save users time and allow them to create relevant and high-quality memes since the AI ​​algorithm is trained on a vast set of data including the latest crypto news.

Users need credits to create memes with AiDoge. They can buy them directly with $Ai or stake $Ai and receive credits passively. Either way, platform users need to buy $Ai, which could help boost its long-term price potential.

Although the presale has sold out, investors can still purchase the token at a fixed price on the AiDoge platform. The current price is $0.0000336, the same as its listing price.

Other earlier presale meme coins like Tamadoge blew up after their initial exchange offering (IEO), so AiDoge might have a lot of potential after launch.

Visit the AidDoge website

Disclaimer

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